£130,000

Marygate, Berwick Upon Tweed

Retail Premises For Sale

Key Features

> • High Street Retail Unit
> • Total size of 151.30m² (1,628ft²)
> • Flexible accommodation suited to a variety of uses
> • Strong footfall and passing traffic
> • Close to car parking and national retailers
> • Delivery access to the rear

Description

LOCATION
The subject property is located on Marygate in Berwick town centre. Berwick is a popular market town in Northumberland and is a popular tourist destination with attractions such as the historic castle walls & barracks and the River Tweed. Positioned on the England Scotland border the town is rich in history with many historic buildings.

Marygate is the prime retail space within Berwick town centre and retains a large number of national retailers interspersed with local independents, cafes and other leisure uses. There is ample car parking within walking distance of the property which in turn is easily accessible from Berwick train station.

DESCRIPTION
The property is a two storey mid terrace unit with retail frontage onto Marygate and delivery access to the rear.

The property is arranged to provide open plan retail space across both ground and first floors. The rectangular footprint allows for flexibility and an ability to easily fit out to required specifications of tenants / purchasers. To the rear of the ground floor is a small kitchenette and W/C facilities are to the rear of the first floor.

ACCOMMODATION
Ground floor 76.50m² 823ft²
First floor 74.80m² 805ft²
Total 151.30m² 1,628ft²

RATING ASSESSMENT
The rateable value of the premises as at 1 April 2023 is £14,750 and the estimated rates payable for the current year is £7,360.25. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority and may likely qualify for full business rates relief.

EPC RATING
D – 93. Valid until 23 July 2028

TERMS
The ground floor of the property is available to let from September 2024 by way of a new lease with terms to be agreed at a rent of £12,000 (Twelve Thousand Pounds) per annum. Or the Freehold is available to purchase at a price of £130,000 (One Hundred and Thirty Thousand Pounds)

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.