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Morpeth, 60 Newgate Street
Morpeth, 60 Newgate Street
Morpeth, 60 Newgate Street
Morpeth, 60 Newgate Street

Rent: £25,000 - £25,000

Region: Northumberland

Town/City: Morpeth


SITUATION / DESCRIPTION
The unit occupies a prominent position on the corner of Newgate Street and Manchester Street in Morpeth, and provides space for businesses within Use Class E. There are a number of high quality operators immediately surrounding including; Café Des Amis, Tallantyre Fine Art Gallery, Head Candy.
The property will be handed over in a clean shell specification internally following extensive works.

 

ACCOMMODATION
Arranged over ground, first and second floors, the building provides the approximate usable floor area:

Ground Floor Sales 121 M² 1,306 ft²
First Floor Sales 70 M² 757 ft²
Second Floor 80 M² 864 ft²

LEASE TERMS
A new Full Repairing & Insuring lease for a term to be agreed is available at £25,000 per annum exclusive.

 

EPC
The property has an Energy Performance rating of E 124.

 

BUSINESS RATES

Rateable Value £21,250
2021/2022 UBR £0.499
Estimated Rates Payable £10,603

Up to 100% Business Rates Relief Available.  Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.

 

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 @retail
Peter Townsend
E: pete@atretail.co.uk
M: 07713 151 970

Property type: Retail

Rateable value: £21,250

Planning use: E

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