Heritable Retail Investment
Heritable Retail Investment
Hawick is a popular and historic town located in the Scottish Borders approximately 48 miles from Edinburgh. The property is prominently situated on the eastern side of the High Street, the towns principal retail thoroughfare. Nearby occupiers include Boots the Chemist, Burton, William Hill, Greggs and Santander.
Heritable.
Hawick is a popular and historic town located in the Scottish Borders approximately 48 miles from Edinburgh. The property is prominently situated on the eastern side of the High Street, the towns principal retail thoroughfare. Nearby occupiers include Boots the Chemist, Burton, William Hill, Greggs and Santander.
Heritable.
The property comprises a modern glazed frontage retail unit at ground floor and first floor ancillary accommodation.
VAT is applicable to this lot.
Please contact Mhairi Archibald (07718 899341)
See legal pack at www.acuitus.co.uk
The property comprises a modern glazed frontage retail unit at ground floor and first floor ancillary accommodation.
VAT is applicable to this lot.
Please contact Mhairi Archibald (07718 899341)
See legal pack at www.acuitus.co.uk
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Ancillary |
388.20 sq m 38.72 sq m |
(4,179 sq ft) (417 sq ft) |
MERIDIAN REALISATION LIMITED (FORMERLY MACKAYS STORES LIMITED IN ADMINISTRATION)(1) |
25 years from 18/05 2007 to 31/01/2033 (2) |
£0 | |
| Total | 426.92 sq m | (4,596 sq ft) | £0 | ||||
(1) On 4 August 2020, Michael John Magnay and Gavin George Scott Park both of Deloitte LLP were appointed as joint administrators of the tenant, which is now known as Meridian Realisations Limited in Administration. On 4 August 2020, a licence to occupy was granted to M&Co Trading Limited (the entity which purchased the business and assets from Meridian Realisations Limited in Administration). Please refer to the letter from Deloitte LLP dated 12 August 2020 attached to this sale extract and enclosed with the auction pack for further details.
(2) Tenant and landlord break options on three months' notice
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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