Retail premises to let in Manchester Street, Morpeth NE61

Location

The subject property is located at Royal Sovereign House on Manchester Street in Morpeth town centre. Morpeth is a historic town within Northumberland neighbouring the River Wansbeck and is approximately 15 miles north of Newcastle upon Tyne. Nearby occupiers include Marks & Spencer’s, Bupa Dental, Morrisons and an array of local retailers located less than 60 yards from the property on Newgate Street.

Description

The subject property comprises of a ground floor unit which benefits from being situated on a high street in Morpeth town centre and could be used as office space or retail. The property offers a predominantly open plan floor space with the addition of one office, male, female and disabled WC’s, a kitchen breakout area and storage. The subject property comprises a traditional shop front, suspended ceiling tiles, LED lighting, air conditioning, perimeter trunking and the added security of CCTV and electric roller shutters.

Externally, there is on street parking at the front of the property and a public car park to the rear.

Accommodation

We calculate the approximate net internal floor areas to be as follows:

Ground Floor 296.2m² 3,188ft²

Rating assessment

The rateable value of the premises as of 1st April 2023 is £42,500 and the estimated rates payable for the current year is £21,207.50 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.

EPC

C71

Terms

The property is available by way of a new lease with terms to be agreed at £40,000 (Forty 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.

Nti-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.