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    Key features

    • To be offered on Wednesday 30th September
    • Freehold Retail Parade Investment
    • Well located on Marygate, an established trading location
    • Let to Holland & Barrett and New Look(1)
    • Nearby occupiers include Boots (adjacent), B&M, Greggs any many more
    • Providing an asset management or owner occupier opportunity
    • ERV c. £40,000 p.a.
    • VAT is applicable
    • Investment let at £15,600 p.a.

    Description

    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)

    Tenancy

    Please see the below Schedule of Accommodation and Tenancies

    Rent

    £15,600 per annum

    Notes

    Joint Agent

    Jas Aujla

    M: 07810717229

    E: jas@tsapc.co.uk


    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      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.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •Some properties might be open to offers prior to auction. Exchange will take place, subject to contract and no higher offers, on auction terms and as per the legal pack. Please contact the auctioneer with your best and final offer, their details can be found on each lot page.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums