The subjects comprise a single storey brick rendered former mill building set within 4.24 Acres. The unit has been subdivided to provide a range of industrial units and serviced office accommodation. The site benefits from secure fencing, a large yard, multiple access points and substantial parking.
( Agency Pilot Software ref: 50851 )
Location
Hawick is a historic town in Roxburghshire situated in the heart of the Scottish Borders. It is the largest town in the Borders region located 18 miles south of Galashiels and ten miles south-west of Jedburgh. Hawick has a population of approximately 15,000 persons and a catchment of around 30,000 persons. The town is approximately 57 miles south of Edinburgh via the A7 trunk road which runs south to Carlisle (46 miles) and north to Galashiels (18 miles). More specifically 8 Liddesdale Road is located approximately 1 mile south of Hawick Town Centre.
Accommodation
Total 9,810sq m ( 105,596sq ft )
Terms
RENT/TENANCY SCHEDULE The current rental income equates to £XXX per annum reflecting a Net Initial Yield of 13.87% and a full tenancy schedule is available upon request.
PRICE Offers over £XXX are invited which reflects a Net Initial Yield of 13.87% after allowing for purchaser’s costs.
RATEABLE VALUE In accordance with the Scottish Assessors Association, we have been advised that the subjects have a combined Rateable Value (RV) of £XXX The unified business rate is presently set at £XXX/£XXX for units with a RV below £XXX £XXX/£XXX with rateable values over £XXX and £XXX/£XXX for RV over £XXX (April 2021/2022) excluding water and sewage, which are levied separately.
LEGAL EXPENSES AND VAT Each party is to pay their own legal costs and the ingoing tenant will be responsible for the land and buildings transactional tax, registration dues and VAT incurred in connection with this transaction.
EPC Available upon Request
Specification
- Available as One or Two Separate Lots
- Current Rental Income of £XXX Per Annum
- Offers Over £XXX are Invited
- Net Initial Yield of 13.87%
- Potential Future Development Opportunity (STP)