Retail premises for sale in West Market Street, Morpeth NE61

Location

The subject property is located on West Market Street in Lynemouth. It is situated on the end of a mixed use terrace. Other businesses located on West Market Street include Premier, Riverside Take Away, and Lynemouth Pharmacy.

There are great transport links coming in and out of Lynemouth driving traffic through the centre including the A1068 2 miles away, and the A189 2 miles away. Public transport is located on Bridge Road where Resource Centre bus stop is 100 yards from the property.

Description

The property is arranged over a ground and first floor, both have been stripped back to brick. The property provides a great opportunity for retail occupiers, it stands as a traditional build in Lynemouth centre.

Accommodation

We calculate the approximate net internal floor areas to be as follows:
Ground Floor 209m² 2,254ft²
First Floor 183m² 1,968ft²
Total 392m² 4,222ft²

EPC rating

D100

Rating assessment

The rateable value of the premises as at 1 April 2023 is £9,600 and the estimated rates payable for the current year is £4,790.40 This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.

Terms

The property is available by way of a new lease with terms to be agreed at £25,000 (Twenty Five Thousand Pounds) per annum.

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.

Anti-money laundering regulations

In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.

Viewing

For general enquiries and viewing arrangements please contact Bradley Hall.

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