Guide Price P.O.A.
Portfolio of Glendale Paints 4 DIY retail outlets
•Independent chain of quality DIY shops. •Properties located in Alnwick, Berwick, Kelso and Wooler. •Sold as a going concern due to forthcoming retirement. •Three properties are freehold, one is leasehold.
Berwick is approximately 63 miles to the north of Newcastle upon Tyne and 56 miles to the south of Edinburgh. Positioned on the A1 with good rail connections it is England’s most northerly town.
The subject property is well located on the northern part of Marygate, the town’s principal shopping street, there is a car park close by and nearby traders include Ladbrokes, Iceland, Specsavers and Leaf Jewellery.
A 2 storey mid-terraced building with a shop frontage to Marygate and benefitting from access and yard space to the rear of Golden Square with a rear door for loading and deliveries.
Sales Area77.1 m² (830 ft²)
Storage1.2 m² (13 ft²)
Showroom45.6 m² (491 ft²)
Storage6.6 m² (71 ft²)
There are also WC facilities within the property.
Car parking spaces are to the rear of the property.
The property benefits from mains water, mains electricity and mains drainage.
With effect from 1 April 2017 the premises have a Rateable Value of £19,250
The property is Freehold and we are informed there are no onerous restrictions, easements or encumbrances and will be available either For Sale with full Vacant Possession or To Let on a Lease to be negotiated.
10 year Lease with 5 yearly rent review to Market Rental Value at a commencing rent of £16,000/annum on an effective FRI Lease.