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Description
PRIME TENANTED INVESTMENT OPPORTUNITY*** TWO tenanted commercial premises in PRIME TOWN CENTRE location. IMMEDIATE RENTAL INCOME OF £35,600P/A. *** This Property Previously SOLD for £750,000 ***
Comprises two adjoining shops arranged on the ground and first floors. The first floor provides ancillary accommodation and is accessed via an external ladder to the rear of the property.
72 (& part 74) Marygate - Ground and first floor LET to New Look at £20,000P/A until Sep 2028. 74 Marygate - Ground floor let to Holland and Barrett at £15,600P/A until June 2026.
HIGH VOLUMES OF PASSING TRADE*** Nearby occupiers include B&M, Boots the Chemist, Caffè Nero, Costa, Greggs, WHSmith and Sports Direct.
PRIME TRADING LOCATION*** Situated on the north side of Marygate, in the heart of the town centre.
PRIME TENANTED INVESTMENT OPPORTUNITY*** TWO tenanted commercial premises in PRIME TOWN CENTRE location. IMMEDIATE RENTAL INCOME OF £35,600 PER ANNUM. Comprises two adjoining shops arranged on the ground and first floors. The first floor provides ancillary accommodation and is accessed via an external ladder to the rear of the property. 72 (& part 74) Marygate - Ground and first floor LET to New Look at £20,000P/A until Sep 2028. 74 Marygate - Ground floor let to Holland and Barrett at £15,600P/A until June 2026. Holland & Barrett in occupation since June 2007 and New Look in occupation since 2011. PRIME TRADING LOCATION*** Situated on the north side of Marygate, in the heart of the town centre. HIGH VOLUMES OF PASSING TRADE*** Nearby occupiers include B&M, Boots the Chemist, Caffè Nero, Costa, Greggs, WHSmith and Sports Direct.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 23rd June 2026
Rent: £35,600 per year / £2,967 per month
Yield: 16% (approx)
Tenant: Private Individual
Notes: 72 (& part 74) Marygate - Ground and first floor LET to New Look at £20,000P/A until Sep 2028. 74 Marygate - Ground floor let to Holland and Barrett at £15,600P/A until June 2026.
Maps & Location
Map Street View SatelliteBerwick also 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.
Document Downloads
Pricing Information & Bidding
Opening Bid: £222,000
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.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.
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 1% of Sale Price (Minimum £2,500 + vat)
Use our DEPOSIT CALCULATOR to confirm the reservation deposit & buyers fee for this property at a specified bid level.
Calculate Deposit & Fee
STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 72-74Marygate, Let Portfolio Investment, Berwick-upon-Tweed