RETAIL/ OFFICES/ RESTAURANT/ CAFÉ/ GALLERY - William Cowe & Sons: 64-66 Bridge Street, Berwick-upon-Tweed TD15 1 AH
64-66 Bridge Street, Berwick Upon Tweed
Rental Offers Over £12,500 per year
|Price||£12,500 per year|
|City||Berwick Upon Tweed, Northumberland|
The premises are located within the historic town of Berwick-upon-Tweed (population 14.000), north Northumberland which is situated approximately equidistant 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 occupy a prominent corner position to the western end of Bridge Street at its junction with West Street, Bridgend and Love Lane. This is a good secondary trading position to the south of the main retail area and benefits from relatively good footfall with high occupation. There are a good number of niche retailers within this part of the town. Bridge Street is becoming an attractive location for local start up businesses and speciality businesses.
64-66 Bridge Street comprises the ground floor of a historic Grade II listed corner terraced three storey building believed to date to circa 1770.
This building is predominately of traditional stone construction with stuccoed elevations and rusticated quoins.
It is reported that building was acquired by Richard Weatherhead, a grocer and confectioner in the early 19th century. This business passed to William Cowe. The firm of William Cowe and Sons became famous for the production of sweets known as Berwick cockles. It is believed that the current substantially unaltered shop frontage was installed by William Cowe and Sons in around 1886.
Following completion of the extensive refurbishment works to the subjects the ground floor will be available to let for commercial purposes.
The subjects have been measured in accordance with the RICS Code of Measuring Practice to the following floor areas:
These areas exclude the WCs
All mains services are understood to be available
The Rating Revaluation 2017 is effective from 01-Apr-2017.
The proposed Rateable Value is £10,750.
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 01-Apr-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.
In the normal manner, the in-going tenant will be liable for any stamp duty, 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]
Fully Restored Grade II Listed Character Building
Ideally suited to A1 (Shop), A2 (Professional Service) or A3 (Restaurant or Café) Uses
Appealing traditional facade
Net Internal Area 103.15 sq m (1,110 sq ft)
Refurbished modern interior ready for fitout