Café/ Retail Premises - Castlegate Car Park, Berwick upon Tweed TD15 1JS

Castlegate Car Park, Berwick upon Tweed TD15 1JS

Offers Over  £65,000


Quick Summary

Price £65,000
City Berwick Upon Tweed
Status May Let
Size (Acres)
Beds
Bathroom
Garden
Parking Spaces
Period

Downloads


Contact

Galashiels Office
01896 751 300

Location
The subject premises are situated at the foot of Castlegate where it merges into Marygate, the towns principal retail area. It is adjacent to one of the main town centre car parks just to the north of the Elizabethan town walls. The subjects benefit from good footfall and passing trade.

The unit is conjoined to a former supermarket which is currently occupied by B&M.

The immediate area is mixed use.

The property is located in the historic town of Berwick upon Tweed, North Northumberland, Berwick-upon-Tweed, is located in Northumberland in the north of England. It has a population of approximately 14,000. The town is situated approximately equi-
distant between Edinburgh to the north and Newcastle-upon-Tyne to the south (approximately 65 miles each way).

Berwick is served by the A1 trunk road providing good access to the national roads network and the main line East Coast railway giving regular access to Edinburgh and Newcastle-upon-Tyne (approximately 45 minutes each way) and London (approximately 3 ½ half hours).

Although a relatively small town Berwick is regarded as a principal market town serving North Northumberland and the Eastern Borders (a catchment of around 42,000) offering a full range of retail, leisure and financial services. Berwick is an attractive coastal town which benefits from a significant tourism sector which accommodates an influx of seasonal visitors during the summer months.

Description
A relatively modern cavity brick built structure with brick faced finish under a sunken mansard roof. The pitched elements of the roof structure would appear to be clad in slate. We are advised that the flat roof section of the roof has recently been renewed and benefits from a 20 year guarantee.

The unit is of single storey design set approximately half a storey above pavement level – the unit is accessed both by a ramp along the north eastern side of the building and steps to the south.

The unit is of a regular shape with full height display windows along much of two sides and a glazed double access door providing access to the southern corner of the building.

Accommodation
Internally the specification of the finish includes:

• tiled floor;
• plasterboard lined walls;
• plasterboard ceiling with recessed spot lights;

The eastern corner has been sub-divided to provide a WC and associated lobby.

SALE:

Tenure
Freehold

This property is sold subject to and with the benefit of all rights of way, whether public or private, and any existing or proposed wayleaves, servitude rights, restrictions and burdens of whatever kind, whether referred to in these particulars or not.

Offers
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 selling agents of their interest as soon as possible. The sellers reserve the right to sell privately and are not bound to accept the highest or indeed any offer.

Offers should include: The identity of the purchasers; the price offered; source of funds; clear details of any conditions attached to the offer; proposed timescale for conclusion of missives, completion and payment.

LETTING:

Lease Terms
Available by way of a new lease on FRI terms.

In the normal manner, the in-going tenant will be liable for any land and buildings transaction tax, registration dues and VAT thereon.

Rateable Value
The Rateable Value is currently assessed to £5,600 effective from 01-Apr-2017.

The Small Business Rates Relief Scheme provides rates relief to help small businesses. For the 2019/20 financial year up to 100% rates relief is available for business with a combined rateable value (of all business premises) of £12,000 or less subject to application and eligibility.

Services
Mains electricity, water and drainage.

Value Added Tax
Any prices are exclusive of VAT. Any intending purchasers must satisfy themselves independently as to the instances of VAT in respect of any transaction.

Legal Costs
Each party will be responsible for their own legal costs incurred in connection with this transaction.

Viewing
By appointment with the sole agents:

Edwin Thompson, Chartered Surveyors

76 Overhaugh Street
Galashiels
TD1 1DP

Tel. 01896 751300
Fax. 01896 758883
E-mail: [email protected]

Town centre position with an excellent level of footfall and high visibility to passing traffic. Prominent window frontage, Suitable for a range of uses including café, general retail, financial services, professional services, hair salon, beauticians or similar.

Net Internal Area 36.46 sq m (392 sq ft)

MAY LET: Rental offers over £6,500 per annum

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