Rarely available bar and restaurant unit in Hawick. Rental potential of £21,600 per annum giving 9-10% Yield at Guide Price of £225,000.
The Building is split over four levels and can be used as multi-use with main door access to the ground level and the first floor which can alternatively be used to create two separate businesses or owner accommodation/holiday lets while still running the ground floor as a bar/café.
There is a further opportunity to renovate the cellar to accommodate a pool/entertainment lounge.
Location
Discover an exceptional commercial opportunity in the heart of Hawick, Scotland. This prime property is strategically located within a bustling commercial hub, surrounded by a vibrant business community, making it an ideal choice for those seeking a strategic and thriving location for their enterprise. Benefit from excellent visibility, accessibility, and a supportive business environment that Hawick has to offer, making it the perfect setting for success and growth.
Accommodation
The property comprises of two bar/seating areas located on the ground and first floor, four wash rooms on the ground and top level, a well equipped kitchen on the first floor with main door access to the first floor and a separate main door access to the ground floor.
Terms
Guide Price - £185,000
The property has a current rateable value of £13,400. Property comprises: open plan service area, separate salon downstairs, well-equipped kitchen and a W/C. The property could command a rental value of £9,000 per annum, making it an attractive investment opportunity.
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Specification
- Rarely available bar and restaurant unit in Hawick. Rental potential of £21,600 per annum giving 9-10% Yield at Guide Price of £225,000.
- Sure to appeal to a variety of buyers. Would suit an owner occupier or an investor looking for an easily lettable commercial unit.
- Large premises that has a rateable value of £13,400
- The Building is split over four levels and can be used as multi-use with main door access to the ground level and the first floor which can alternatively be used to create two separate businesses or owner accommodation/holiday lets while still running the ground floor as a bar/café.
- Property benefits from excellent footfall and is sure to appeal to landlords looking for an affordable commercial investment.