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48-52 Marygate, Berwick Upon Tweed

under offer

Shop for sale

£665,000 4,839 sq ft

MHPI Ltd
Status
Under offer
Highlights
  • 100% Prime pitch. – Best units in the town
  • Let to excellent covenants of Vodafone and The Works Stores Limited
  • Northumberland was voted UK’s best holiday county in 2018 British Travel Awards
Property type

Shop for sale

Full address
48-52 Marygate, Berwick Upon Tweed TD15 1BN – Berwick-upon-Tweed
Property owner
Stewart & Wight plc
Asking price
£665,000
Available space range
There is 1 space available. This measures 4,839 sq ft.
Features
Storage space, Recessed lighting
Brochure
Download the brochure
Contacts

James Metcalf - MHPI Ltd

Simon Harland - MHPI Ltd

Sale details

Sale unit 4008859 Under offer

4,839 sq ft, £137.43 per sq ft

Unit Sale unit 4008859
Address 48-52 Marygate, Berwick Upon Tweed, Northumberland, TD15 1BN, GB
Size 4,839 sq ft
Price £665,000
Price per unit £137.43 per sq ft
  • The works letting was completed in august 2019 and is the latest letting in the pitch.
  • The rent shows a zone a rate of £39.71 per sq ft.
  • This is in line with the clarks rent at 42 marygate at £37.35 per sq ft in terms of zone a.
  • Superdrug also renewed at 54-58 marygate in 2015 at £39 per sq ft itza.
  • Given the evidence above we would suggest the 48 marygate is reversionary.
Sale type Investment
Tenure Freehold
More building details Less building details

Property facts for 48-52 Marygate, Berwick Upon Tweed

The property consists of a mid-terraced retail block of brick construction under a pitched tile and partially flat felt roof. At ground floor level the property provides two good sized retail units with traditional glazed frontage. The first floor provides ancillary accommodation above Units 50/52 occupied by The Works. 48 Marygate which is occupied by Vodafone has ground floor only.

Building subtype
Storefront
Number of storeys
2
Rentable building area
4,839 sq ft
Year built
1912

Attachments

PDF #1 Marketing brochure/flyer Download

This shop for sale is located in Berwick-upon-Tweed.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to MHPI Ltd. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact MHPI Ltd for full details and further information.