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Morpeth, 15 Market Place
Morpeth, 15 Market Place
Morpeth, 15 Market Place

Rent: £28,000 - £28,000

Region: Northumberland

Town/City: Morpeth


SITUATION & DESCRIPTION
Morpeth is situated approximately 14 miles north of Newcastle upon Tyne and is Northumberland’s County Town and Administration Centre. The affluent Market Town is thriving and a popular commuter destination for the Tyneside Conurbation.  The town has by and large resisted the trend for out of town retail development and its retail offer is almost entirely confined within the historical core.  Bridge St and Newgate St are the principal thoroughfares and are complimented by Sanderson Arcade whose principal entrance off Bridge St leads through to a pay and display free car park and big box retailers including Next, M&S, New Look, Wm Morrison and Lidl.

Morpeth’s current population is over 14,000 but its catchment is considerable and draws from a wide largely rural hinterland.  The town hosts a range of multiple and independent retailers including Fat Face, Laura Ashley, Superdrug, White Stuff, Sea Salt, Mint Velvet, JoJo Maman-Bebe, Waterstones, Hobbs, Paperchase, WH Smith, Boots and others.  Please to Meet You, the Newcastle based bar/ restaurant group is presently fitting out premises close by and Bar Luga already have representation within Sanderson Arcade. Costa, Central Bean, and several local cafes and restaurants are also well represented within the town centre core.

The property occupies a prominent position on Bridge St adjacent to White Stuff and Clintons. Providing principal accommodation at ground and first floor the property also has ample additional accommodation on two further floors above.  The shop front is double height affording unequalled merchandising possibilities and shop fit innovations.

 

ACCOMMODATION

Built Frontage 6.50m 20’ 09”
Gross Frontage 4.52m 14’ 10”
Net frontage 3.80m 12’ 06”
Internal Width (max) 4.70m 15’ 05”
Shop Depth 24.63m 80’ 09”
Ground Floor Sales Area 76.76 m² 826 sq ft
Ground Floor ancillary 7.30 m² 73 sq ft
First Floor front (potential sales) 52.72 m² 568 sq ft
First Floor ancillary 20.69 m² 223 sq ft
Second Floor 42.64 m² 459 sq ft
Third Floor 35.20 m² 379 sq ft

LEASE DETAILS
The premises are available on a new lease for a term of 10 years on full repairing and insuring terms incorporating an upward only rent review based on open market value at the fifth anniversary.

 

RENT
Rental offers are invited at £28,000 pa.

 

RATING ASSESSMENT
The Rateable Value is £21,750 according to the Valuation Office Agency website.
The current 2018/18 Uniform Business Rate is 49.7p in the £.  Precise rates payable may vary and it is advisable to check this with Northumberland County Council – Commercial Rates Department – Tel: 0345 600 6400.

 

ENERGY PERFORMANCE CERTIFICATE
An EPC has been commissioned and will be available for inspection – please ask for further information.

 

VIEWING

Strictly by appointment only.
Bob Fletcher
E: bob@atretail.co.uk T: 0191 280 4238

or
Pete Townsend
E: pete@atretail.co.uk T: 0191 280 4239

Property type: Retail

Rateable value: £21,750

Planning use: A1

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