Commercial property for sale in High Street, Hawick, Hawick TD9

Substantial investment mixed use development
with full planning for 2x ground floor retail units and 9x quality apartments.

Period Stone Property in Hawick within the Scottish Borders, approximately 50 miles to the south east of Edinburgh. The subject property is located on High Street, the main retail pitch in Hawick in the absolute prime position set amongst many shops and eateries include high street brands such as Boots, Greggs, M&Co, Superdrug & William Hill.

Location

The subject property is located on High Street, the main retail pitch in Hawick in the absolute prime position and is set amonst many shops and eateries include high street brands such as Boots, Greggs, M&Co, Superdrug & William Hill.

Description

The subject property comprises Category B Listed Property of stone construction over ground, 1st, 2nd & 3rd floors with a modern ground floor extension to the rear.

The subject property was let To Arcadia plc and is no offered with vacant posession and full planning consent for the redevelopment of the building into 2x ground floor retail units and 9x quality apartments on the upper floors.

Full details can be obtained from:-

Planning reference 21/00378/ful and 21/00379LBC

We understand that the 106 Agreement is removed from the requirement of the planning conditions.

Substantial investment development potential

Accommodation

The property provides the following accommodation:-

G/F sales Zone A 156.90 m2 1,688 sq ft
G/F sales Zone B 157.14 m2 1,690 sq ft
G/F sales Zone C 59.74 m2 642 sq ft
1st/F development potential 139.37 m2 1,499 sq ft
2nd/F development potential 157.50 m2 1,695 sq ft
3rd/F development potential 122.5 m2 1,318sq ft

Total 793.15 m2 8,534 sq ft

Price

Offers of £299,500 are invited for the Scottish Heritable Freehold interest.

All offers to be couched in Scottish Legal Terms.

We are informed that VAT is applicable to this Sale.

Scottish Valuation Roll

According to the Scottish Valuation Roll website; this property has a current Valuation Roll:-
£30,500 rv. Current nett liability £14,945

Interested parties are advised to make their own enquiries in this respect.

Viewings

For further information or to arrange a viewing, please contact Peter Davies on .

Misrepresentation Act

Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:-

The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract.

All descriptions, dimensions, condition statements, permissions for use & occupation, and other details are given in good faith and are believed to be correct. Any intending purchasers or tenants should not rely them as such as statements or representations of fact but must satisfy themselves by inspection or otherwise as the correctness of each of them. No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property. All prices and rents are quoted exclusive of VAT unless expressly stated to the contrary.

Misdescriptions act 1991
These details believe to be correct at the time of compilation, but may be subject to subsequent amendment.

All offers are subject to contract.
Details amended August 2021