Description

Rental potential £40,000 per annum. Current rent £15,600 per annum with New Look (rent currently 0) but rental potential £25,000 pa or can be terminated on 3 months notice. ** PREVIOUSLY SOLD £750,000

Let to Holland & Barrett and New Look(1) VAT is applicable. Nearby occupiers include Boots (adjacent), B&M, Greggs any many more

Well located on Marygate, an established trading location

Providing an asset management or owner occupier opportunity

PRIME TRADING LOCATION*** Situated on the north side of Marygate, in the heart of the town centre.

The property is arranged over ground and one upper floor to provide two ground floor shops with an upper floor. Additional information Tenure Freehold Accommodation 72/74 Marygate Ground Floor - 187.94 sqm (2,023 sq ft) 1st floor - 66.43 sqm (715 sq ft) Sub-total - 254.37 sqm (2,738 sq ft) 74 Marygate Ground Floor - 116.69 sqm (1,256 sq ft) Total - 371.06 sq m (3,994 sq ft) Unit Tenant Accommodation Lease Details Current Rent (Per Annum) Next Review / Reversion SQ M SQ FT 72/74 Marygate New Look Retailers Limited Ground Floor 188 2023 Let on a lease expiring September 2028 at £20,000 per annum (1)The lease has been altered to be nil rent on a 3 month rolling break £0 Reversion 2028(1) 1st Floor 66 715 74 Marygate Holland and Barrett Retail Limited Ground Floor 117 1256 Let on a lease expiring June 2026 £15,600 Holding Over Total 371 sq m 3994 sq ft £ 15,600 p.a.

Tenancy Details

Maps & Location

Occupying a prominent position on Marygate, Berwick-upon-Tweed's principal retailing thoroughfare, the property is situated in the heart of the town centre amongst a strong mix of national retailers. Berwick-upon-Tweed is a historic market town located on the Northumberland coast, approximately midway between Newcastle upon Tyne and Edinburgh, benefitting from excellent connectivity via the A1 and East Coast Main Line railway services. Nearby occupiers include Boots, B&M, Costa Coffee, Greggs, WHSmith, Sports Direct and Caffè Nero, helping to drive strong levels of pedestrian footfall. Transport Rail: Berwick-upon-Tweed Railway Station is approximately 0.5 miles to the east and provides regular East Coast Main Line services to Edinburgh (approximately 45 minutes), Newcastle upon Tyne (approximately 45 minutes) and London King's Cross. Road: The property benefits from excellent road communications, with the A1 located to the west of the town providing direct access north to Edinburgh and south to Newcastle upon Tyne and the wider UK motorway network. Air: Newcastle International Airport and Edinburgh Airport are both accessible via the A1 and rail network, providing a range of domestic and international flight connections.

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