23 Hide Hill, Berwick upon Tweed, TD15 1EQ

23 Hide Hill, Berwick upon Tweed, TD15 1EQ

Guide price (retail only):  £85,000


Quick Summary

Price £85,000
City Berwick upon Tweed
Status New
Size (Acres)
Beds
Bathroom
Garden
Parking Spaces
Period

Downloads


Contact

Berwick Office
01289 304432

Location
23 Hide Hill is situated in an excellent, highly visible, trading position on Hide Hill, which, together with Marygate, forms the town’s principal commercial area.  The property is attached on the south side to the Brown Bear public house and on the north side to an Indian restaurant.  Ladbrokes is directly opposite and the street generally is populated with a number of small niche shops, offices, banks and building societies.  The upper storeys of most properties have been converted into residential accommodation.

Berwick upon Tweed is located in Northumberland to the north of England close to the border with Scotland. 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 upon Tweed is served by the A1 trunk road providing good access to the national roads network with dual carriageway the majority of the distance to Edinburgh. The main line east coast railway network also serves the town with regular services to Edinburgh and Newcastle upon Tyne (approximately 45 minutes each way) and London (approximately 3 ½ hours).

Although a relatively small town, Berwick is regarded as the 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. The town also has a significant tourism sector which accommodates an influx of seasonal visitors during the summer months – the population of the town is reported to double during peak season.

Description
An attractive retail unit with good window frontage occupying the ground level within a four storeyed mid-terrace Grade II listed building.  The property is built principally out of stone under pantiles and includes a single storey extension to the rear of the shop.  The shop currently trades as the Polish Shop (Polski Sklep) and is a mixed food retailer including fruit and vegetables, a deli, frozen foods and beverages (including alcoholic).

Accommodation
The accommodation comprises a well-shaped spacious retail area with good window frontage, a small rear office and toilet with low flush WC and wash hand basin.

Areas
NIA: 102.1 sq m (1099 sq ft)
ITZA: 54.3 sq m (584 sq ft)

Lease
The property is currently let to Polish Shop Pokusa Limited trading as the Polish Shop for a term of five years commencing 8th April 2016.  The current passing rent is £9,000 per annum.  The permitted use is A1.

Rateable Value
The Rateable Value is currently assessed at £8,300 effective from 01-Apr-2017.

Services
Mains electricity, water and drainage are understood to be connected.

Tenure
Freehold.

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 exchange of contracts, completion and payment.

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.

Well shaped spacious retail unit with good window frontage. Investment opportunity. NIA: 102.1 sq m (1099 sq ft). Available as a standalone retail unit or as a whole with two residential properties over.

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