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Town Centre Freehold Betting Office and Residential Investment

53-55 Marygate, Berwick-upon-tweed, Northumberland, TD15 1AX

£395,000
Commercial
About this Property
2025-03-20
395000
Traditional
Commercial
Description

Freehold commercial property located at 53-55 Marygate, Berwick-upon-Tweed, Northumberland, TD15 1AX. The property comprises a betting office let to Ladbrokes Betting & Gaming Limited with a lease expiring in 2032, along with three flats above that are let on Assured Shorthold Tenancies (ASTs). Total accommodation extends to 354.80 sq m (3,819 sq ft), with a rental value of £37,700 and a rent review scheduled for 2027. It is situated in a prominent town centre location, adjacent to Vision Express, and is surrounded by various occupiers including Costa, Greggs, and WH Smith Savers. VAT is not applicable.

Location
More Information
Freehold
Marygate
Planing Authority
Northumberland LPA
Sold Price History
02 May 2024Sold Lot Allsop£350,000
17 Jul 2025Available Lot Allsop£220,000

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