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Retail Property (high street) to rent

83-85 Marygate, Berwick-Upon-Tweed, Northumberland, TD15

1,629 sq. ft. | £12,000 pa| £1,000 pcm

Property Description

Commercial information

  • 1,629 sq ft (151 sq m)

Full description

Tenure: Leasehold

* Prime retail premises.
* Bustling central location.
* Easily accessible.
* Good sized double display frontage.


LOCATION
The property is located in the historic town of Berwick upon Tweed (population 14,000), North Northumberland, which is situated approximately equidistant between Edinburgh to the north and Newcastle upon Tyne to the south (65 miles each way). The town is served by both the A1 trunk road and the mainline east coast railway network giving regular access to Edinburgh and Newcastle upon Tyne (approximately 45 minutes) and London (approximately 3½ hours).

Although not a large town, Berwick is regarded as the principal market town serving North Northumberland and as a result has a catchment population of around 42,000.

Modern Berwick is an attractive coastal town which offers a range of retail, leisure and banking services and benefits from being a significant tourist destination, particularly in the summer months.

SITUATION
The property is situated in an excellent and prime trading position on Marygate - Berwick's main trading street. As such the premises benefits from excellent footfall and surrounding national covenants. Occupants of nearby units include O2, Leaf Jewellery (Pandora), WH Smith, Boots, Café Nero, New Look, The Edinburgh Woollen Mill, Burtons and Dorothy Perkins.

The property is well located and is easily accessible. On street short stay car parking is available to the front and a large off street car park is situated within walking distance at Castlegate.

DESCRIPTION
The subject consists of a double fronted, ground floor retail premises within a stone built terrace under a pitched and slated roof, circa 1800. The property benefits from two large full height glazed display windows and a large, central, glazed door. The second and third floors provide useful storage and ancillary space.

ACCOMMODATION
The property provides the following approximate areas:

Ground floor sales area: 63.7 sq m (686 sq ft)
Ground floor staff area: 2.3 sq m (25 sq ft)
First floor storage area: 44 sq m (474 sq ft)
Second floor ancillary area: (41.3 sq m) (444 sq ft)

SERVICES
Mains water and electricity.

PLANNING
The premises are understood to have a current use classification of A1 (shops and retail outlets), as outlined within the Town and Country Planning (Use Classes) Order 1987 and its subsequent amendments.

EPC
The property is believed to be Grade II listed and is therefore exempt from the EPC requirements.

BUSINESS RATES
According to the Valuation Office Agency website the property is listed in the
Valuation Roll as:

83-85 Marygate - Rateable Value £29,250

LEASE TERMS
The premises are available to let on a full repairing and insuring lease on flexible terms to be negotiated between the landlord and tenant.

VAT
All figures quoted are exclusive of VAT where applicable.

LEGAL COSTS
Each party will be responsible for their own legal costs incurred in the transaction.

VIEWING & FURTHER INFORMATION

Contact:
Kristoffer Smith
Edwin Thompson
44-48 Hide Hill
Berwick upon Tweed
Northumberland
TD15 1AB
T: 01289 304432

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