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Morpeth, 29 Bridge Street
Morpeth, 29 Bridge Street

Rent: £27,500 - £27,500

Region: Northumberland

Town/City: Morpeth


LOCATION
Lying on the River Wansbeck, Morpeth is a prosperous market town, acting as the Country Town for Northumberland and therefore a central destination for many parts of Northumberland and Tyne and Wear. The town has a population of 14,017 persons (2011 census) and is easily accessible from Newcastle 15 miles to the south via the A1(M).
The premises occupy a prominent 100% prime position on Bridge Street which is the main retail street within Morpeth town centre, with neighbouring occupiers including Boots, Greggs, Superdrug, Body Care Plus, WHSmith, Costa, Holland & Barratt. As well as this the unit is in close proximity to the Sanderson Arcade, and with M&S, Lidl, and Pets at Home located directly behind the unit, linked by the thoroughfare adjacent to the unit.

 

DESCRIPTION
The premises are arranged with ground floor retail, first floor office accommodation, and second floor ancillary space. The building benefits from a rear private car park for circa 10 cars.  The unit provides the following approximate net internal areas:

Ground Floor Retail 62 sq m 670 sq ft
First Floor Office 62 sq m 672 sq ft
Second Floor Ancillary 43 sq m 463 sq ft

LEASE
The premises are offered on the basis of a new effective full repairing and insuring lease for a term to be agreed subject to five yearly rent reviews.  Rental offers in the region of £27,500 pax are invited.

 

CODE OF PRACTICE
The landlord accepts the principles and will be flexible in considering alternative terms offered in accordance with the Commercial Lease Code of Practice.

 

RATES
We are advised that the premises are assessed with effect from 1st April 2019 as follows:-

Rateable Value £21,500
Rates Payable £7,016*

*The above figure assumes the tenant will benefit from the Govt reduction of 33.3% from April 2019.  The total claim allowance for any one Company is £200,000pa.  Interested parties should make their own enquiries with Northumberland County Council in this regard.

 

LEGAL COSTS
Each party to be responsible for their own legal costs incurred in connection with any transaction.

 

ENERGY PERFORMANCE CERTIFICATE
According to the EPC register, the rating for the unit is E107.  A full copy of the certificate is available on request.

 

VAT
All figures quoted in these terms are exclusive of VAT where chargeable.

 

VIEWING
Strictly by appointment with Ian Thurlbeck at @retail:
Ian Thurlbeck
Email: iant@atretail.co.uk
DD: 0191 280 4236
Mobile 07515 831417
Or
Pete Townsend
Email: pete@atretail.co.uk
DD: 0191 280 4239
Mob: 07713 151970

Property type: Retail

Rateable value: £21,500

Planning use: A1 & A2

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