Description

• Status: Available
• Type: Flat

• Ownership: Freehold
• Occupation: Tenanted

• Bedrooms: 1
• Council Tax: Search

READY LET RESIDENTIAL INVESTMENT comprising a 1 bedroom flat in popular residential location. Total internal floor area of 581 sq ft situated on the Second Floor level at the rear of the building.

Tenancy Info: Let on an Assured Shorthold Tenancy in personal name. Expiry: 8th September 2024 (Rolling Renewal). Passing Rent: £5,400p.a

Fantastic high yielding investment. Income from day one with professionally managed tenant in place.

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 Second Floor Rear Flat, Berwick-upon-tweed, TD15 1AX

Show More

Map & Location

Map   Street View   Satellite

Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rolling
Rent: £5,400 per year / £450 per month
Yield: 15% (approx)
Tenant: Private Individual
Notes: Second Floor Rear AST: Personal Name Expiry: 8th September 2024 Passing Rent: £5,400p.a Type: 1 Bedroom Area: 581sq ft

Document Downloads

  Legal Pack (Pending)

 * Click the above 'Pending' document link to log your request and we will notify you once available.

Pricing Information & Bidding

Opening Bid: £36,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

Log In / Register To Bid   View Live Online Auction

Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Submit Offer Now

SPECIAL Terms of Sale

• 10% Deposit
• Buyers Fee = 3% 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.

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

Date & Time: 22 May 2025, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue