Partially let to an established motor repairs business
Offers of £160,000 plus VAT invited
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Hawick is situated in the historic county of Roxburghshire and is the largest town in the Scottish Borders with a population of approximately 14,300 people. It is situated fifty miles south-west of Edinburgh and eighteen miles south of Galashiels, where the Borders Railway provides a direct rail connection with Scotland’s capital.
The town is located on the banks of the River Teviot and enjoys good road links to Scotland’s central belt via the A7 trunk road, connecting Hawick with Edinburgh and the M6 at Carlisle some 45 miles south.
The subjects are situated just off Weensland Road (A698) which is 1.1 miles to the north-east of the town centre. Description
The subjects comprise a detached building of traditional stone construction with a brick extension and a pitched metal profile sheet roof. The plot extends to approximately 0.85 acre.
Two units, 1A and 1B, are contained within providing a mixture of workshop and storage accommodation. Unit 1B benefits from a side door customer entrance.
There is yard parking to the front of the units although a portion is reserved for exclusive parking in front of Unit 1A.
In addition, there is a grassed area to the west of the yard which may be suitable for further development subject to securing the necessary planning consents. Accommodation
According to our recent measurement survey the subjects comprise the following approximate gross internal areas:
Unit 1A - 309 sq m (3,325 sq ft) Unit 1B - 210 sq m (2,260 sq ft) Tenancy information
Unit 1A is currently let on full repairing and insuring terms to Garry McNeill trading as Weensland Motor Centre on a lease commencing 1st December 2009. The lease has recently been renewed and extended effective 1st December 2019 for a period of five years at a rent of £8,000 per annum.
Unit 1B is currently vacant. Price
Our client is seeking offers of £160,000 for the heritable interest in the subjects. VAT
We understand the property is opted for tax and as such VAT does apply. Rateable value
According to the Scottish Assessor’s website the subjects have the following Rateable Values effective 1st April 2017:
Unit 1A – £7,800 Unit 1B – £5,300
The uniform business rate for the current year is £0.49 pence in the pound. Occupiers may be eligible for 100% rates relief through the Small Business Bonus Scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less. Services
The property has metered supplies of mains water and electricity. Energy performance certificate
The Energy Performance Certificate is pending. Legal costs
Each party will be responsible for their own legal costs incurred in the transaction with the purchaser liable for any LBTT or VAT applicable. Entry
On completion of legal formalities. Viewing and further information
By appointment through the sole selling agent, Allied Surveyors Scotland.
Property descriptions and related information displayed on this page are marketing materials provided by Allied Surveyors Scotland. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Allied Surveyors Scotland for full details and further information.