1-3 RETAIL/ OFFICES/ RESTAURANT, Woolmarket, BERWICK-UPON-TWEED, Northumberland, TD15 1DH
1-3 Woolmarket, Berwick Upon Tweed
Guide Rent £10,000 per year
|Price||£10,000 per year|
1-3 Woolmarket is located within the historic town of Berwick-upon-Tweed (population 14.000), north Northumberland which is situated approximately equi-distant between Edinburgh to the north and Newcastle-Upon-Tyne to the south (65 miles each way). The town is served by both the A1 trunk road and the main line east coast railway network providing regular access to Edinburgh and Newcastle-upon-Tweed (approximately 45 minutes) and London (approximately 3 and a half hours).
Although not a large town, Berwick-upon-Tweed is regarded as a principle market town serving north Northumberland and the eastern Scottish Borders. As a result, the town effectively has a catchment population of around 42,000.
Modern Berwick-upon-Tweed is an attractive coastal town which offers a range of retail, leisure and banking services. It also benefits from being a significant tourist destination particularly in the summer months when the population is reported to effectively double.
More precisely the subjects are situated just off the junction with the main retail areas of Marygate and Hide Hill. Within the immediate locality commercial occupiers include Fords Bakery, Post Office (sorting offices), Borderline Tattoo Studio, Bon Appetite café, Becky’s Café, Dempsters Optometrists, Subway Sandwich shop and The Vinery Cafe.
A refurbished deceptively spacious retail unit with prominent frontage to Woolmarket and offset recessed entrance door. Following your extensive refurbishment, the unit is provided in excellent order, freshly plastered throughout the ground floor. A new central heating system has been installed and the reinstated fixed staircase enables the upper levels to be brought back into use more than doubling the useable floor area.
The accommodation comprises:
Ground Floor: Open plan retail/ office area with disabled wc off. Emergency exit to the rear of the unit.
First floor: Open plan retail/ office area.
Second floor: Floored storage area.
The subjects have been measured in accordance with the RICS Code of Measuring Practice to the following floor areas:
These areas exclude the WC.
All mains services are understood to be connected. Gas fired central heating
The Rating Revaluation 2017 is effective from 01-Apr-2017.
The proposed value is yet to be determined as the shop has been removed from the listings during the refurbishment. The previous rateable value was £8,700.
Under the small business rate relief scheme (SBRR) it is anticipated that the subject will be eligible for up to 100% rates relief. Effective from 1st April 2017 (following the Chancellors budget announcement in March 2016) the threshold for 100% rates relief is due to increase to cover units with a rateable value of up to £12,000.
Available on flexible terms by way of a new Full Repairing and Insuring lease.
A closing date may be set for offers. Please note that only those parties who formally notify their interest will be informed of the closing date. Interested parties are advised to notify the marketing agents of their interest as soon as possible. The sellers reserve the right to let the property privately and are not bound to accept the highest or indeed any offer.
In the normal manner, the in-going tenant will be liable for any land and buildings transaction tax, registration dues and VAT thereon.
On the conclusion of legal missives.
Unless otherwise stated the prices quoted are exclusive of VAT. Any intending purchasers must satisfy themselves independently as to the instances of VAT in respect of any transaction.
Each party will be responsible for their own legal costs incurred in connection with this transaction.
By appointment with the sole agents.
Edwin Thompson, Chartered Surveyors
E-mail: [email protected]
Good Position just off the corner of Marygate and Hide Hill
Highly flexible accommodation suited to office (A2) and retail (A1) purposes
Subject to planning there may also be scope for food and drink use (A3)
Fully refurbished unit. New central heating system
Net Internal Area 171.41 sq m (1,844 sq ft)