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53-55 Marygate, Let Ladbrokes Investment Berwick-upon-tweed
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Description
3,819 sq ft Ground Floor Commercial Premises. Let to Ladbrokes on a full repairing and insuring lease expiring 2032 at a current passing rent of £20,000 HIGHLY PROMINENT TRADING POSITION
Let to Ladbrokes on a full repairing and insuring lease expiring 2032 at a current passing rent of £20,000 per annum.
Berwick-upon-Tweed is a town in Northumberland, England, near the border with Scotland. There is a main line railway station which has regular trains to both Edinburgh, Newcastle and London.
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, Let Ladbrokes Investment, Berwick-upon-tweed, TD15 1AX
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Map Street View SatelliteSpecial Terms of Sale
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Buyers Fee (?) 1% of Sale Price (Minimum of £2500 +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: 2032
Rent: £20,000 per year / £1,667 per month
Yield: 11% (approx)
Tenant: Company
Notes: Let to Ladbrokes on a full repairing and insuring lease expiring 2032 at a current passing rent of £20,000 per annum
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Pricing Information & Bidding
Guide Price: £210,000
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Submit Offer NowSPECIAL Terms of Sale
- 10% Deposit
- Buyers Fee = 1% of Sale Price (Minimum £2,500 + 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VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.
Payment Calculator
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.Payment Calculator
Auction Details
Type: Deadline for Offers
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