72-74, Marygate, Let Portfolio Investment, Berwick-upon-Tweed, TD151BN
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Rental potential £40,000 per annum. Current rent £15,600 per annum with New Look (rent currently 0) but rental potential £25,000 pa or can be terminated on 3 months notice. ** PREVIO
- Let to Holland & Barrett and New Look(1) VAT is applicable. Nearby occupiers include Boots (adjacent), B&M, Greggs any many more
- Well located on Marygate, an established trading location
- Providing an asset management or owner occupier opportunity
- PRIME TRADING LOCATION*** Situated on the north side of Marygate, in the heart of the town centre.
Description
** SALE BY AUCTION - 12 November 2026 - Timed Online Auction **
The property is arranged over ground and one upper floor to provide two ground floor shops with an upper floor. Additional information Tenure Freehold Accommodation 72/74 Marygate Ground Floor - 187.94 sqm (2,023 sq ft) 1st floor - 66.43 sqm (715 sq ft) Sub-total - 254.37 sqm (2,738 sq ft) 74 Marygate Ground Floor - 116.69 sqm (1,256 sq ft) Total - 371.06 sq m (3,994 sq ft) Unit Tenant Accommodation Lease Details Current Rent (Per Annum) Next Review / Reversion SQ M SQ FT 72/74 Marygate New Look Retailers Limited Ground Floor 188 2023 Let on a lease expiring September 2028 at £20,000 per annum (1)The lease has been altered to be nil rent on a 3 month rolling break £0 Reversion 2028(1) 1st Floor 66 715 74 Marygate Holland and Barrett Retail Limited Ground Floor 117 1256 Let on a lease expiring June 2026 £15,600 Holding Over Total 371 sq m 3994 sq ft £ 15,600 p.a.
Occupying a prominent position on Marygate, Berwick-upon-Tweed's principal retailing thoroughfare, the property is situated in the heart of the town centre amongst a strong mix of national retailers. Berwick-upon-Tweed is a historic market town located on the Northumberland coast, approximately midway between Newcastle upon Tyne and Edinburgh, benefitting from excellent connectivity via the A1 and East Coast Main Line railway services. Nearby occupiers include Boots, B&M, Costa Coffee, Greggs, WHSmith, Sports Direct and Caffè Nero, helping to drive strong levels of pedestrian footfall. Transport Rail: Berwick-upon-Tweed Railway Station is approximately 0.5 miles to the east and provides regular East Coast Main Line services to Edinburgh (approximately 45 minutes), Newcastle upon Tyne (approximately 45 minutes) and London King's Cross. Road: The property benefits from excellent road communications, with the A1 located to the west of the town providing direct access north to Edinburgh and south to Newcastle upon Tyne and the wider UK motorway network. Air: Newcastle International Airport and Edinburgh Airport are both accessible via the A1 and rail network, providing a range of domestic and international flight connections.
Auction Details
12 November 2026, 10am-3pm
Timed Online Auction
How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 700 lots available with weekly auctions including flats, houses, land & commercial.
Get a Fast Sale and a Fair Price with Future Property Auctions. Contact Us now for a FREE Auction Valuation.
72-74, Marygate, Let Portfolio Investment, Berwick-upon-Tweed, TD151BN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Berwick-upon-Tweed Station0.4 miles
Notes
Disclaimer - Property reference 14525939. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Future Property Auctions, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Future Property Auctions, Glasgow on 0141 673 2362.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”