Retail premises to let in Market Place, Bedlington NE22

Location

20a Market Place, is a small retail premises located just off Front Street West in Bedlington. The property benefits from having a returned glass frontage. Adjacent to the property is Rook Mathews Sayer, and Pisa Pizzeria, above is White Wolf Tattoos which has a separate entrance from the eastern side of the building.

Description

Situated in Bedlington town centre, 20a Market Place is a small yet unique space for retail use. With neighbouring shops, cafes, and amenities creating a dynamic local atmosphere, this retail unit presents itself as an excellent prospect for a range of businesses.

The unit boasts a prominent storefront, ensuring maximum exposure to foot traffic in this popular town centre location. The property used to be occupied by a café business and is fully fitted out as a café. The current inventory is available to purchase separately.

Accommodation

We calculate the approximate net internal floor areas to be as follows:
Ground Floor 40m² 436ft²

EPC rating

47B

Rating assessment

The rateable value of the premises as at 1 April 2023 is £7,700 and the estimated rates payable for the current year is £3,842.30 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 £10,500 (Ten Thousand Five Hundred 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

The prospective tenant is to pay a contribution to our clients legal fees.

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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