Retail property (high street) for sale
Property description & features
- Tenure: Freehold
- Vacant Commercial Unit - High Street Location
- Potential Rental Value in Region of £350pcm - Yield of 17.5% at Guide Price
- Ideal Investment Opportunity
Fantastic Opportunity to acquire a potentially High Yielding Property in Hawick Town Centre*Estimated Potential Rental Income of £4,200 pa*Incredible Yield of 17.5% based on Guide Price*Circa 47.4sqm*
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.
Vacant commercial unit on Hawick High Street
Potential rental value in the region of £350pcm - yield of 17.5% at Guide Price
Circa 47.4sqm
Ideal investment opportunity or for use as owner-occupier
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)
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Places of interest
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Property reference 244870. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Online Property Auctions - Glasgow.
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Broadband availability and predicted speed: obtained from Ofcom on December 21, 2021
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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