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SALE BY ONLINE AUCTION THURSDAY 21ST OCTOBER 202, High Yielding Retail Unit, 24 High Street, Hawick, TD9 9EH

not specified / Retail / Retail - High Street

For Sale - £29,000.00

Available - Last updated: 30 September 2021

SALE BY ONLINE AUCTION THURSDAY 21ST OCTOBER 2021  AT 9.00AM. Online Property Auctions are delighted to offer this high yielding, commercial unit in Hawick High Street.
 
* Fantastic Opportunity to acquire a High Yielding Property in Hawick Town Centre***Currently a Shoe Shop***Anticipated Rental Income of £3,500 pa***Gross Yield of 8% based on Guide Price***
 
*       In 2019 Plans were announced to invest over £50 million to refurbish properties in selected town centres in Scotland - Hawick being one of them. 24 High Street is one of six iconic buildings in Hawick to benefit from the scheme funded by Historic Environment Scotland, Scottish Borders Council and the South of Scotland Economic Partnership***
 
* Hawick, the largest of the Border towns, with a population of over 14,000 lies on the banks of the River Teviot. The town is famous for its common riding, rugby and fine cashmere companies such as Hawick Cashmere, Johnstons of Elgin, Lyle & Scott, and Pringle of Scotland. The town also provides an extensive choice of amenities ranging from a leisure centre, a variety of specialist independent shops including small supermarkets, and a selection of restaurants and hotels, mostly situated around the High Street.
 
*      The annual Common Riding, which is one of the oldest Border festivals combines the annual riding of the boundaries of the town's common land with the commemoration of a victory over an English raiding party in 1514. Hawick is also well known for its rugby at Mansfield Park, home of Hawick Rugby Football Club, plus its events in the town which include the Summer Festival and the Hawick Reivers Festival.
 
*       Local attractions include the Borders Textile Towerhouse, the Three Stills Distillery, and Wilton Lodge Park, offering fabulous riverside and tree-lined walks, as well as a walled garden. The Hawick Museum and Scott Gallery also detail the town's history and provide a venue for visiting exhibitions.
 
*       There are also a variety of outdoor pursuits across the region that include fishing on the River Teviot and River Tweed, fieldsports, horse riding, golf with a course in Hawick, lawn bowling, mountain biking, and a selection of nearby walks including the Southern Upland Way, St. Cuthbert's Way and The Borders Abbeys Way. There is also a good choice of primary schools available with secondary schooling at Hawick High School.
 
*        The A7 which runs through Hawick provides excellent links to Edinburgh or the north of England. The area is also served by the Borders Railway which runs from Tweedbank to Edinburgh, with the station lying approximately eighteen miles away. There is also a busy bus service with links to Carlisle, as well as Edinburgh and the other Border towns.
The nearest major airports are at Edinburgh and Newcastle, which are both around 57 miles away offering flights across the UK and to a number of European and International destinations
 
* Recent Sales Include**78 High Street Sold £39k (Jun 18)**43 High Street Sold £62.5k (Sep 16)** 15 High Street Sold £68.5k (Sep 16)
 

Terms

Auction goes live 21st October 2021 at 9:00 GMT. Ends 21st October 2021 at 15:00 GMT. You must be registered on www.opascotland.com to be able to bid on property and view legal documents. Purchase is subject to security checks, carried out by third party electronically.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £29,000.00 NA

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