Retail premises to let in Sanderson Arcade, Morpeth NE61
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Corner unit to the entrance to Sanderson Arcade
- Average footfall of 55,000 persons per week
- Other tenants within the scheme include; Marks & Spencer, The Body Shop, JoJo Maman Bebe, Mint Velvet, Waterstones, Mountain Warehouse
Property description
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
E:
T: M:
Property info
For more information about this property, please contact
@retail, NE28 on +44 330 038 7422 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by @retail, and do not constitute property particulars. Please contact @retail 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.