Block of Apartments for saleScotsgate House, Marygate, Berwick-Upon-Tweed, Northumberland, TD15
- Rare investment opportunity
- Three apartments
- Central location
- Good potential rental income
This is a rare opportunity to purchase three modern and spacious apartments located in this ideal location in the centre of the bustling seaside border town of Berwick upon Tweed. No1 Scostgate House is a three bedroom maisonette over two floors with two bathrooms, one being en suite with a total floor area of 123m2 according to the EPC. No1 has its own front door accessed via a vennel running off Marygate. No5 Scotsgate House is a two bedroom apartment on the second floor with generously proportioned rooms and two bathrooms, one being en suite. No5 has a total floor area of 100m2 according to the EPC. No6 is a further two bedroom apartment on the second floor with a total floor area of 82m2 according to the EPC. The apartments are in a good location for both the local Assured Short Hold rentals market or as short term lets for holiday makers.
Scotsgate House is located in the centre of the historic border town of Berwick upon Tweed. The town has a comprehensive range of shops with national supermarkets and high street chains as well as local shops and traders. The town is well placed for access to the A1 providing excellent transport links to the regional and national road networks. Berwick upon Tweed also has a mainline station which has regular services to Edinburgh (40mins) and Newcastle upon Tyne (45mins) as well as London (3hrs 40mins) and intervening stations. The town is well placed to enjoy the surrounding countryside with easy access to the local beaches and golf courses. The open countryside of the Tweed Valley, Cheviot and Lammermuir Hills is also within easy reach.
Berwick upon Tweed, as the region's principal town, has a thriving rentals and holiday lettings market with constant demand for quality property. The apartments and maisonette at Scotsgate House offer modern and spacious accommodation. The current asking price reflects a realistic discount from the open market value and means that the property when fully let (No1 - £550pcm, No5 £475pcm and No6 at £475pcm) should create a gross yield of 8%.
The flats are being offered with the benefit of a 999 year lease issued in 2008 and a ground rent of £50pa.
The accommodation :
No1 Scotsgate House - a three bedroom maisonette.
EPC Rating C
Council Tax B
Reception Room 5.31m (17'5) x 4m (13'1)
Kitchen Breakfast Room - with fitted kitchen. 3.98m (13) x 3.24m (10'7)
Stairs to landing
Master Bedroom 4.13m (13'6) x 3.80m (12'5)
En suite - with WC, shower and pedestal wash basin.
Bedroom 3.34m (10'11) x 2.75m (9)
Bathroom with panel enclosed bath, wc and wash hand basin.
Bedroom 4.18m (13'8) x 3.39m (11'1)
No5 ScotsgateHouse - a two bedroom second floor apartment.
EPC Rating D
Council Tax A
Access via a communal staircase.
Kitchen - fitted kitchen. 4.31m (14'1) x 3m (9'1)
Reception Room 4.87m (15'11) x 4.68m (15'4)
Master Bedroom 4.25m (13'11) x 3.35m (11)
En suite shower room with shower cubicle, pedestal basin and WC.
Bedroom 4.64m (15'5) x 3.35m (11')
Bathroom - with wc, pedestal basin and panel enclosed bath.
No6 Scotsgate House - a two bedroom first floor apartment.
EPC Rating D
Council Tax A
Bedroom 4.01m (13'2) x 3.12m (10'3)
Reception Room 6.41m (2'1) x 4.07m (13'4)
Kitchen - fitted kitchen. 3.26m (10'8) x 2.54m (8'4)
Bathroom with WC, pedestal wash basin and panel enclosed bath with shower over.
Bedroom 4.85m (15'11) x 3.31m (10'10)
Mains Water and drainage
IF YOU ARE THINKING OF SELLING OR LETTING YOUR OWN PROPERTY IN THIS AREA, PLEASE CONTACT US AT EDWIN THOMPSON ON 01289 304432.
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