Property

Under Offer
Industrial Offices Retail

Unit 2, The Old Stables, Greys Yard, Morpeth, NE61 1QD

The property comprises a ground floor premises in a two storey brick built building, which has been subdivided into five units. Internally the property benefits from uPVC doors and windows, a concrete floor, strip florescent lights, a small kitchen and two WCs. The unit was previously used as a cycle workshop but could be a suitable for a number of different uses subject to the correct permissions.

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 a short walk from Bridge Street and the town centre is accessed from New Market, which links to the roundabout at the intersection of Bridge Street, Newgate Street and Oldgate, very close to Morpeth Clock Tower and HSBC.  The Old Stables are immediately next door to The Electrical Wizard (Wetherspoons) and adjacent to Morpeth Riverside Leisure Centre and Car Park.

DESCRIPTION

The property comprises a ground floor premises in a two storey brick built building, which has been subdivided into five units. Internally the property benefits from uPVC doors and windows, a concrete floor, strip florescent lights, a small kitchen and two WCs. The unit was previously used as a cycle workshop but could be a suitable for a number of different uses subject to the correct permissions.

ACCOMMODATION

The property provides a total net internal area of 71.81 sq m (773 sq ft)

TERMS

The premises are available for rental offers in the region of £10,000 per annum on effectively full repairing and insuring terms. 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: –

Workshop & premises:  £6,000

The Small Business rate for the year 2020/2021 is 49.9 pence in the pound. Small business relief may be available subject to eligibility. All interested parties are urged to make their own enquiries in this regard. 

LEGAL COSTS

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

EPC

The property has an EPC rating of E.

VAT

All figures quoted are exclusive of VAT.

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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