Commercial

Woolmarket, Berwick Upon Tweed , TD15 1DH

£210,000+

Call Us: 01661 831 360

Property for sale. Commercial investment in town centre. Rental Income £22,500 per annum, generating yield of 10.71% on asking price.

We are delighted to offer to the market this ground floor commercial investment, which includes two tenanted cafes and a tenanted fitness studio..

Berwick is the northern most town, in England, and is in the upper most part of Northumberland, approximately 58 miles south, of Edinburgh, and 63 miles north, of Newcastle Upon Tyne. Berwick Upon Tweed is situated just off the A1 and
therefore provides easy access to the north and south. The investment is located at the junction of Woolmarket, Hide Hill and Marygate, which is the main retailing area. Nearby occupiers include: Barclays, Timpson, Subway, James Ford & Son Bakery, Kings Arms Hotel, Berwick Family Butchers and many more.

Please note, the title includes the freehold of the block (9 Hide Hill and 2,4,6,8,10,12 Woolmarket), of which all other properties have been sold on 999 year long leaseholds.

Property details provided by Rook Matthews Sayer
EPC rating: D
Council Tax Band: Commercial
Tenure; Freehold (Please refer to Legal pack)

For Sale By Auction www.agentspropertyauction.com TAKING BIDS NOW OPTION 1

Tenancies
9 Hide Hill Café Nine £7,500pa 27/09/2023
2 Woolmarket Bon Apetit £9,000pa 31/05/2027
3 Woolmarket 2S PT £6,000pa 31/0½024

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by RMS. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £1000+vat (total £1200) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £120 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.
Detail awaiting vendors approval.

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