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Commercial Property for sale

Newgate Street, Morpeth, NE61

Under Offer 395 sq. m. | £250,000

Property Description

Commercial information

  • 4,251 sq ft (395 sq m)

Key features

  • Significant building
  • Corner position
  • Three Storeys
  • Retail Shop Use
  • Upper floors offer dev potential
  • Town Centre Location

Full description

Tenure: Freehold

The subject is a three storey corner terrace structure previously a ground floor retail premises and coffee shop, accommodation over first and second floors with vacant possession.

The property is provided main traditional shop window frontage and level access to Newgate Street and secondary shop window frontage overlooking Manchester Street. Internal finishes vary throughout the property also providing basic kitchen and sanitary fittings.

We consider the property allows scope for further development, subject to planning, possibly by sub division of the ground floor and redevelopment of upper floors.

There is also an A3 licence for the premises ie to trade as a restaurant.

The property is also potentially available to let at an asking rent of thirty thousand per annum.

The vendor would like his estate agency fees of 5,000 + VAT to be covered.

LOCATION:
Morpeth is a significant market town in Northumberland providing a range of services and facilities to a large population and surrounding communities.

Road infrastructure is good with the A1, A189, A19 and A69 accessible. The site sits prominently on the corner of Newgate Street and Manchester Street in the town centre.

ACCOMMODATION:
GROUND FLOOR
Main Sales. 47.8m2
Stairwell to upper floors
Secondary Sales. 29.5m2 - window frontage to Manchester Street
Additional Sales. 52m2 Including counter and Disabled WC

FIRST FLOOR
Landing
Display Room. 44.37m2
Secondary Display area. 32.9m2

SECOND FLOOR
Landing
Store Room. 24m2
Office. 17.39m2
Store Room. 31.2m2
Rear Lobby
Kitchen. 11.3m2
W.C.

NET INTERNAL AREA. 284m2 (3057sqft)

EXTERNAL
Parking provision to open yard.

TENURE:
Freehold.

RATEABLE VALUE:
The main property has been assessed and allocated an adopted rateable value of 28,750.

ENERGY PERFORMANCE CERTIFICATE:
Available upon request.


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