Berwick upon Tweed

83-85 Marygate, Berwick upon Tweed, TD15 1BA

Guide Price£95,000 per year

Prime retail premises.
Bustling central location.
Easily accessible.
Good sized double display frontage.

The property is located in 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 mainline east coast railway network giving regular access to Edinburgh and Newcastle upon Tyne (approximately 45 minutes) and London (approximately 3.5 hours).

Although not a large town, Berwick is regarded as the principal market town serving North Northumberland and as a result has a catchment population of around 42,000.

Modern Berwick is an attractive coastal town which offers a range of retail, leisure and banking services and benefits from being a significant tourist destination, particularly in the summer months.

The property is situated in an excellent and prime trading position on Marygate, Berwick’s main trading street. As such the premises benefits from excellent footfall and surrounding national covenants. Occupants of nearby units include O2, , WH Smith, Boots, Cafe Nero and New Look.

The property is well located and is easily accessible. On street short stay car parking is available to the front and a large off street car park is situated within walking distance at Castlegate.

The subject consists of a double fronted, ground floor retail premises within a stone built terrace under a pitched and slated roof, circa 1800. The property benefits from two large full height glazed display windows and a large, central, glazed door. The second and third floors provide useful storage and ancillary space.

The property provides the following approximate areas:

Ground floor sales area: 63.7sq m (686sq ft)
Ground floor staff area: 2.3sq m (25sq ft)
First floor storage area: 44sq m (474sq ft)
Second floor ancillary area: (41.3sq m) (444sq ft)

Mains water and electricity.

The premises are understood to have a current use classification of A1 (shops and retail outlets), as outlined within the Town and Country Planning (Use Classes) Order 1987 and its subsequent amendments.

The property is believed to be Grade II listed and is therefore exempt from the EPC requirements.

Business Rates
According to the Valuation Office Agency website the property is listed in the
Valuation Roll as:

83-85 Marygate – Rateable Value £19,000


Asking Price
£95,000 plus VAT.

All figures quoted are exclusive of VAT where applicable.

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

Viewing & Further Information
Sarah Critchlow
Edwin Thompson
44-48 Hide Hill
Berwick upon Tweed
TD15 1AB
T: 01289 304432

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    Quick Summary

    Price £95,000 per year
    Town/City Berwick upon Tweed
    Size (Acres)