2 bedroom flat for sale

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2 bedroom flat for sale

Marygate, Berwick-upon-tweed, Northumberland TD15
£297,000

Price History

Initial price £359,000
27/07/24 £405,000
08/08/24 £365,000
10/08/24 £450,000
17/08/24 £405,000
22/08/24 £365,000
29/08/24 £329,000
30/08/24 £386,000
04/09/24 £365,000
07/09/24 £428,000
10/09/24 £450,000
13/09/24 £365,000
19/09/24 £329,000
05/10/24 £450,000
12/10/24 £405,000
16/10/24 £365,000
19/10/24 £329,000
06/11/24 £313,000
07/11/24 £297,000
Price Change -17.27%

Description

This is an outstanding investment opportunity in Berwick-upon-tweed, offering a mixed-use property with a commercial ground floor unit and three self-contained upper floor apartments. The property is let to Ladbrokes on a full repairing and insuring lease until 2032, producing a current passing rent of £20,000 per annum, and the three upper floor flats are let on ASTs, generating £17,700 per annum. The property is situated in a highly prominent trading position, fronting Marygate in the heart of the town centre, with excellent links by road and rail. The property is an excellent opportunity for investors looking to purchase an easily manageable and rentable property in a sought-after location, with the added benefit of immediate income production.