Berwick, 59 Marygate
Berwick, 59 Marygate

LOCATION
Berwick upon Tweed is an attractive market town and a popular tourist destination situated on the A1 some 60 miles south east of Edinburgh and 68 miles north of Newcastle upon Tyne.

DESCRIPTION
The premises comprise a ground floor lock up shop on Marygate, the principal shopping street in Berwick upon Tweed.

The premises have the benefit of return frontage and are situated in a prime position close to WH Smiths, Boots and Superdrug.

The premises comprise:

External Frontage 22'5 
Internal Frontage  19'1 
Overall Depth  78'5 
Zone A  382 sq ft 
Zone B 185 sq ft
Zone C 96 sq ft
Remainder 12 sq ft
ITZA 664 sq ft

Staff Room

WC Accommodation

RATEABLE VALUE
According to the Valuation Office Agency website the premises have a rateable value of £21,250. The current rate in the £ is 49.1p.

LEASE DETAILS
The premises are available to let for a term of 10 years, subject to a rent review at the fifth year, on internal repairing and insuring terms, together with a payment by way of service charge in respect of the repair, maintenance, decoration and insurance of the premises.

RENT
The initial rent to be at the rate of £25,000 per annum exclusive.

LEGAL COSTS
Both parties are to be responsible for the payment of their own costs in the transaction.

EPC
The Energy Performance rating of the property is D-90.

CODE OF PRACTICE
The landlord accepts the principles of the Code of Practice for Commercial Leases in England and Wales.  Alternative lease terms are available upon request.  A copy of the Code can be obtained from Royal Institute of Chartered Surveyors, 12 Great George Street, Parliament Square, London, SW1P 3AD, Tel: 0207 695 1535.

MONEY LAUNDERING
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.

VAT
All rents, premiums and purchase prices quoted are exclusive of VAT. All offers are to be made to Gavin Black & Partners LLP on this basis and, where silent, offers will be deemed net of VAT.

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Particulars