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Description

  • Status: Available
  • Type: Portfolio
  • Ownership: Freehold
  • Occupation: Tenanted

3,819 sq ft commercial ground floor unit let to Ladbrokes with 3 self contained upper floor flats above in HIGHLY PROMINENT TRADING POSITION PRODUCING £37,700 pa Total Rental.

Property is sure to appeal to investors looking to purchase an easily manageable/rentable property in a sought after location in Berwick-upon-tweed. IMMEDIATE INCOME PRODUCING MIXED USE PROPERTY.

Let to Ladbrokes on a full repairing and insuring lease expiring 2032 at a current passing rent of £20,000 per annum. 3 upper floor flats let on AST’s producing £17,700 per annum.

Ground Floor Commercial 1,268 sq ft First floor (Front) 2 Bedroom flat 872 sq ft Second floor (front & First floor (rear) 2 Bedroom flat 1,098 sq ft Second floor (rear) 1 Bedroom flat 581 sq ft.

EXCELLENT LOCATION situated fronting the west side of Marygate, in the heart of the town centre, close to a host of local and national amenities and offers excellent links by road and by rail.

Total – 3,819 sq ft OUTSTANDING INVESTMENT OPPORTUNITY. commercial ground floor unit with 3 self contained upper floor apartments. in HIGHLY PROMINENT TRADING POSITION PRODUCING £37,700 pa Property is sure to appeal to investors looking to purchase an easily manageable/rentable property in a sought after location in Berwick-upon-tweed. IMMEDIATE INCOME PRODUCING MIXED USE PROPERTY. Let to Ladbrokes on a full repairing and insuring lease expiring 2032 at a current passing rent of £20,000 per annum. 3 upper floor flats let on AST’s producing £17,700 per annum. Ground Floor Commercial 1,268 sq ft First floor (Front) 2 Bedroom flat 872 sq ft Second floor (front & First floor (rear) 2 Bedroom flat 1,098 sq ft Second floor (rear) 1 Bedroom flat 581 sq ft. EXCELLENT LOCATION situated fronting the west side of Marygate, in the heart of the town centre, close to a host of local and national amenities and offers excellent links by road and by rail.

Berwick-upon-Tweed is a town in Northumberland, England, near the border with Scotland. The town features well-preserved medieval walls, the Berwick Castle, and several bridges over the River Tweed Berwick has a selection of leisure and sports clubs, banks, public houses, cafes, restaurants and The Maltings theatre and cinema. There is a main line railway station which has regular trains to both Edinburgh, Newcastle and London, both Edinburgh and Newcastle.

Full Address: 53-55 Marygate, Mixed Use Portfolio, Berwick-upon-tweed, Northumberland, TD15 1AX

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Map & Location

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Special Terms of Sale

  • Buyers Fee (?) 1% of Sale Price (Minimum of £3250 +vat)

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 8 Years
Rent: £37,700 per year / £3,142 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: Betting office let to Ladbrokes on a lease expiring 2032 . 3 flats on Assured Tenancy Agreements.

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Pricing Information & Bidding

Guide Price: £361,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

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Auction Details

Date & Time: 02 May 2025, 12pm
Type: Deadline for Offers

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