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30-32 High St 717 sq ft 100% Let Retail Property Hawick TD9 9EH £75,000 (£104.60/sq ft) 8% Net Initial Yield



INVESTMENT HIGHLIGHTS
- Central location
- Public transport access
- Large shop front
EXECUTIVE SUMMARY
Investment opportunity. Selling with tenants in place. Commercial office or shop space located in an excellent High Street location in the heart of town with ample passing footfall. Recently upgraded to a good standard, the property offers a front shop with a separate cloakroom/WC and staff area with small Kitchen. Electric storage heating.
Hawick Distances - Selkirk 12 miles, Jedburgh 14 miles, Kelso 21 miles, Galashiels 18 miles, Melrose 19 miles, Newtown St Boswells 19 miles, Carlisle 44 miles, Edinburgh 55 miles, Newcastle 60 miles
The A7 provides a through-route to Edinburgh and south to Carlisle and the M6. Rail links are available at Berwick-Upon-Tweed, Carlisle, Tweedbank and Edinburgh. The nearest International Airports are located in Edinburgh and Newcastle.
The Property - Centrally located ground floor commercial unit that could be used for a variety of purposes due to its size and location.
Front Shop - 8.17 x 4.00 ( 26'9" x 13'1") - Neutral décor and large shop frontage. Electric heater. Carpet flooring and ample sockets and switches. Telephone point.
Wc - 1.56 x 1.60 (5'1" x 5'2") - To the rear. Two piece suite of wash hand basin and WC. Wall mounted water heater and storage heater. Window to rear.
Kitchen And Staff Area - 3.97 x 2.09 (13'0" x 6'10") - Window to the rear. Electric heater. Neutral décor. Storage cupboard and small kitchen area with sink and water heater and storage.
Other Information - The property is currently tenanted for £6000pa with a 3 year lease in place ending October 2027. Option to extend thereafter. Lease conditions available upon request.
Currently trading as a vape/convenience store.
100% Council Rates Relief applicable.
Hawick Distances - Selkirk 12 miles, Jedburgh 14 miles, Kelso 21 miles, Galashiels 18 miles, Melrose 19 miles, Newtown St Boswells 19 miles, Carlisle 44 miles, Edinburgh 55 miles, Newcastle 60 miles
The A7 provides a through-route to Edinburgh and south to Carlisle and the M6. Rail links are available at Berwick-Upon-Tweed, Carlisle, Tweedbank and Edinburgh. The nearest International Airports are located in Edinburgh and Newcastle.
The Property - Centrally located ground floor commercial unit that could be used for a variety of purposes due to its size and location.
Front Shop - 8.17 x 4.00 ( 26'9" x 13'1") - Neutral décor and large shop frontage. Electric heater. Carpet flooring and ample sockets and switches. Telephone point.
Wc - 1.56 x 1.60 (5'1" x 5'2") - To the rear. Two piece suite of wash hand basin and WC. Wall mounted water heater and storage heater. Window to rear.
Kitchen And Staff Area - 3.97 x 2.09 (13'0" x 6'10") - Window to the rear. Electric heater. Neutral décor. Storage cupboard and small kitchen area with sink and water heater and storage.
Other Information - The property is currently tenanted for £6000pa with a 3 year lease in place ending October 2027. Option to extend thereafter. Lease conditions available upon request.
Currently trading as a vape/convenience store.
100% Council Rates Relief applicable.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
717 sq ft
Costar Property Class
B
Year Built
1902
Price
£75,000
Price per sq ft
£104.60
Yield
8%
NOI
£6,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Plot ratio
0.91
Total Plot Size
0.02 ac
Frontage
42 ft on High Street
AMENITIES
- 24 Hour Access
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NEARBY MAJOR RETAILERS
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30-32 High St
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