Office for sale in Newgate Street, Morpeth NE61

Guide price £190,000 (£167.25/sq. ft)
Office for sale 1,136 sq. ft*
Interested in this property? Call +44 191 686 9796 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Location


The subject property is located on Newgate Street in Morpeth town centre. Newgate Street is a main road through Morpeth town centre and links with Bridge Street, New Market and Oldgate, all of which provide access in and out of Morpeth. Morpeth bus station is less than 0.3 miles away and Morpeth Train Station is 0.7 miles to the south.

The property is situated in a popular retail, business and leisure location with surrounding occupiers including The White Swan, tsb Bank, Joes Pet Supplies and The Wheatsheaf Coffee Shop. Morpeth Clock Tower, which is popular with tourists, is 300ft away.

Morpeth is a popular historic market town in Northumberland which lies on the River Wansbeck. Morpeth is 8.5 miles north west of Cramlington, 5.5 miles west of Ashington and 19 miles south of Alnwick.


Description


The subject property is arranged over four floors and occupies a mid-terrace position on a busy street. The ground floor comprises retail space with a sales area, washroom and preparation room.

The first and second floors comprise a range of office suites which are currently used as storage facilities. There are also shared WC facilities on the first floor which service the full building. There is an additional attic space.

The property may be suitable for a variety of uses STPP.


Accommodation


Ground floor 40.9m² 440ft²
First floor 43.5m² 468ft²
Second floor 21.2m² 228ft²
Total 105.6m² 1,136ft²


EPC rating


F145


Rating assessment


Description rv Estimated Rates Payable
Shop and Premises £9,400 £4,615.40

We are advised that the rateable value of the premises as at 1 April 2017 is £9,400 and we have estimated the actual rates payable for the current year above. This is based on the standard Small Business Rate of 49.1p in the pound. However, interested parties should confirm the current position with the Local Authority.


Terms


The freehold of the property is available with a guide price of £190,000 (One Hundred and Ninety Thousand Pounds).


VAT


All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.


Legal costs


Each party is to bear their own legal costs involved in the transaction.


Money laundering regulations


In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Bradley Hall, NE1 on +44 191 686 9796 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bradley Hall, and do not constitute property particulars. Please contact Bradley Hall for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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