Retail Premises For Sale/ May Let

8 Church Street, Berwick-Upon-Tweed, Northumberland, TD15 1DX

£72,500


Quick Summary

Price £72,500
City Berwick-Upon-Tweed
Status New
Size (Acres)
Beds
Bathroom
Garden
Parking Spaces
Period

Contact

Galashiels Office
01896 751300

For Sale/ May Let: Retail Premises
8 Church Street, Berwick-upon-Tweed, Northumberland TD15 1DX

Deceptively Large Town centre Retail Premises
Well suited to retail, café, professional, financial and other services
Excellent level of footfall and high visibility to passing traffic
Accommodation: Front shop, office, store room with kitchenette, WC.
Net Internal Area 81.16 sq m (873 sq ft)
Prominent position facing Marygate

SALE: Offers Over £72,500
LET: Guide Rent £8,500 per annum

Ref. 4881870

Description
Deceptively large retail premises occupying the ground floor of a three storey terraced building.

The retail area has been refurbished in recent years with the external walls internally lined and boxed out providing a modern bright highly flexible unit. The angled window frontage and offset glazed entrance door provides prominent display frontage to Marygate.

Accommodation
Bright ‘L’ shaped front shop, rear shop with step up to admin office, main store with base unit incorporating single drainer sink, WC. Separate service access to the store room via vennel to the North.

Location
No. 8 Church Street, Berwick-upon-Tweed is situated in a good secondary trading position on the eastern side of Church Street at its southern end close to the crossroads of Church Street with Hide Hill, Wooolmarket and Marygate with a good level of passing traffic and footfall as the unit looks directly on to the main pedestrianised section to the east of Marygate which is flanked by the Town Hall to the south and No’s 2-24 Marygate to the north.

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.

There are airports at both Edinburgh and Newcastle-upon-Tyne providing domestic and international scheduled flights.

Berwick-upon-Tweed also benefits from an active commercial harbour.  The port can take vessels up to 115 metres in lengths and drafts up to 4.6 m.

The immediate area is characterised by a range of commercial uses at ground floor level with private residential use generally occupying upper levels.

Nearby occupiers include The Gift and Thrift Box, Geo. C Grieve Limited stationery supplies, Town Hall including The Town House Café, Elysian ladies’ clothes shop, TC Smith solicitors, Fairbairns furniture and carpet store and an antiques shop.

Areas
We have measured the property in accordance with the current edition of the RICS Code of Measuring Practice to the following areas:

Net Internal Area 81.16 sq m (873 dq ft)
In Terms of Zone A 47.42 sq m (510 sq ft)

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 completion and payment.

Rateable Value
The Rateable Value is currently assessed to £9,300.

The Small Business Rates Relief Scheme provides rates relief to help small businesses.  For the 2020/21 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.

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

Viewing
By appointment with the sole agents:
Edwin Thompson, Chartered Surveyors
44-48 Hide Hill
Berwick-upon-Tweed
Northumberland
TD15 1AB

Tel. 01289 304432
Fax. 01289 302027
E-mail: [email protected]

 

Deceptively Large Town centre Retail Premises
Well suited to retail, café, professional, financial and other services
Excellent level of footfall and high visibility to passing traffic
Accommodation: Front shop, office, store room with kitchenette, WC.
Net Internal Area 81.16 sq m (873 sq ft)
Prominent position facing Marygate
SALE: Offers Over £72,500
LET: Guide Rent £8,500 per annum

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