Rent: £42,500 - £42,500
LOCATION / SITUATION
The unit is situated within the Sanderson Arcade, the primary shopping destination in Morpeth town centre. It is located 15 miles north of Newcastle and benefits from an affluent catchment and strong retailer line-up, including Marks & Spencer, The Body Shop, JoJo Maman Bebe, Mint Velvet, Waterstones, Mountain Warehouse to name a few. There is a bus station and 533 space car park adjacent, alongside a large format Next, Pets at Home, and Home Bargains.
Arranged over ground floor the unit provides the following:
|Ground Floor Sales||93 M²||1,000 ft²|
Subject to vacant possession a new effectively Full Repairing & Insuring lease for a term to be agreed is available at £42,500 per annum exclusive.
The property has a Energy Performance Certificate of A 20. A copy of the EPC is available upon request.
|Estimated Rates Payable||£12,397|
Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.
The service charge for the unit is currently budgeted at £6,528 per annum exclusive.
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.
For enquiries, viewing, and general information, please contact:
M: 07713 151 970
Property type: Retail
Rateable value: £25,250
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