Retail premises to let in Sanderson Arcade, Morpeth NE61

Location / situation
The unit is situated at the entrance to Sanderson Arcade, the primary shopping destination in Morpeth town centre. It is located 15 miles north of Newcastle and benefits from an affluent catchment and strong retailer line-up, including Marks & Spencer, The Body Shop, JoJo Maman Bebe, Mint Velvet, Waterstones, Mountain Warehouse to name a few. There is a bus station and 533 space car park adjacent, alongside a large format Next, Pets at Home, and Home Bargains.

Accommodation
Arranged over ground floor the unit provides the following:

Ground Floor Sales
42 M2
452 ft2

lease terms
Subject to vacant possession a new effectively Full Repairing & Insuring lease for a term to be agreed is available at £33,000 per annum exclusive.

EPC
The property has a Energy Performance Certificate of D 81. A copy of the EPC is available upon request.

Business rates

Rateable Value
£18,000

2021/2022 ubr
£0.491

Estimated Rates Payable
£8,838

Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.

Service charge
The service charge for the unit is budgeted at £3,000 per annum exclusive.

Costs
Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.

Viewing
For enquiries, viewing, and general information, please contact:

Pete Townsend
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