Property
2 VULCAN PLACE, BEDLINGTON, NORTHUMBERLAND, NE22 5DN
Ground floor shop occupying an end terrace position on Vulcan Place with return frontage onto Front Street. Nearby occupiers on Front Street West include, Premier Local Store, a Public House, restaurant and St Cuthbert’s Church.
LOCATION
Bedlington is a town situated in south east Northumberland. It is approximately 10 miles north of Newcastle upon Tyne and 4.5 miles south east of Morpeth. The town has several bus links operating regular services to Newcastle, Cramlington, Ashington, Morpeth and other towns and villages in the region.
ACCOMODATION
Ground Floor 98.20 sq m (1,057sq ft)
TERMS
The property is available to let by way of a new lease for a number of years to be agreed at rent of £11,000 per annum.
The property is available to purchase for offers in excess of £145,000.
RATING ASSESSMENT
The rating assessment currently appearing on the Valuation List is as follows: –
2023 Rateable Value: £7.200
The Small Business rate for the year 2024/2026 is 49.9 pence in the pound.
ANTI-MONEY LAUNDERING
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.
LEGAL COSTS
Each party to bear their own legal costs incurred in the transaction.
EPC
The property has an Energy Performance Certificate rating of D84
VAT
All figures quoted are exclusive of VAT where chargeable.
