Property

Retail

Unit 1, 53 Bridge Street, Morpeth, NE61 1PQ

The property provides a self-contained, ground floor retail unit. The property is accessed from its own entrance on Bridge Street. The property comprises an open retailing space with rear staff offices, storage space as well as WC facilities. The unit benefits from a traditional glazed shop frontage, carpeted floors and part suspended tile ceiling.

LOCATION

Morpeth is an affluent market town approximately 14 miles north of Newcastle and is Northumberland’s County Town and Administrative Centre with a population of approximately 14,000 and a wider population of 316,000 throughout Northumberland (source: EGI).  The property is situated fronting on to Bridge Street, which is the traditional retailing thoroughfare of the town. It occupies a good retail position with nearby occupiers including Saks, Boots, WH Smiths as well as many other national and local operators.

ACCOMMODATION

The property provides a total net internal area of 62.99 sq m (678 sq ft).

TERMS

The premises are available at an asking rent of £16,500 per annum on effectively full repairing and insuring terms by way of a separate service charge. All other lease terms are to be agreed by negotiation.

RATING ASSESSMENT 

The rating assessment currently appearing on the 2017 Valuation List is as follows: –

Shop & premises:  £14,250

The Small Business rate for the year 2021/2022 is 49.9 pence in the pound.

LEGAL COSTS

Each party to bear their own legal costs incurred in the transaction.

EPC

An EPC has been commissioned and will be made available ASAP.

VAT

All figures quoted are exclusive of VAT which is chargeable.

ANTI-MONEY LAUNDERING REGULATIONS

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.

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