Plans

53-55  Marygate, Let Ladbrokes Investment  Berwick-upon-tweed

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Description

• Status: Available
• Type: Portfolio

• Ownership: Freehold
• Occupation: Tenanted

• Tax/Rates: Search

3,819 sq ft Ground Floor Commercial Premises. Let to Ladbrokes on a full repairing and insuring lease expiring 2032 at a current passing rent of £20,000 HIGHLY PROMINENT TRADING POSITION

Property is sure to appeal to investors looking to purchase an easily manageable/rentable property in a sought after location in Berwick-upon-tweed. IMMEDIATE INCOME PRODUCING PRIME PROPERTY.

Let to Ladbrokes on a full repairing and insuring lease expiring 2032 at a current passing rent of £20,000 per annum.

Berwick-upon-Tweed is a town in Northumberland, England, near the border with Scotland. There is a main line railway station which has regular trains to both Edinburgh, Newcastle and London.

EXCELLENT LOCATION situated fronting the west side of Marygate, in the heart of the town centre, close to a host of local and national amenities and offers excellent links by road and by rail.

Berwick-upon-Tweed is a town in Northumberland, England, near the border with Scotland. The town features well-preserved medieval walls, the Berwick Castle, and several bridges over the River Tweed Berwick has a selection of leisure and sports clubs, banks, public houses, cafes, restaurants and The Maltings theatre and cinema. There is a main line railway station which has regular trains to both Edinburgh, Newcastle and London, both Edinburgh and Newcastle.

Full Address: 53-55 Marygate, Let Ladbrokes Investment, Berwick-upon-tweed, TD15 1AX

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Map & Location

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Special Terms of Sale

• Buyers Fee (?) 1% of Sale Price (Minimum of £3250 +vat)

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2032
Rent: £20,000 per year / £1,667 per month
Yield: 12% (approx)
Tenant: Company
Notes: Let to Ladbrokes on a full repairing and insuring lease expiring 2032 at a current passing rent of £20,000 per annum

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Pricing Information & Bidding

Opening Bid: £165,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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SPECIAL Terms of Sale

• 10% Deposit
• Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat)
• 4 Weeks Completion or Longer By Agreement
• Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

Payment Calculator

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

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Auction Details

Date & Time: 22 May 2025, 10am-3pm
Type: Timed Online Auction

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