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Retail Property (high street) for sale

5 & 5A Oldgate, Morpeth, NE61

Guide Price* 55 sq. m. | £250,000

Property Description

Commercial information

  • 599 sq ft (55 sq m)
  • Use class orders: A1 Shops

Key features

  • Commercial Unit
  • Two Bedroom Maisonette
  • Central Morpeth

Full description

COMMERCIAL CONDITIONAL AUCTION: STARTING BID 280,000

Ground floor commercial unit. The internal accommodation comprises: seating area providing approximately 26 table covers, basement, kitchen, male and female WC.
COMMERCIAL LEASE IN PLACE : 25 YEAR LEASE FROM JANUARY 2015, EVERY 5 YEAR BREAK CLAUSE, RENT 17,500 PER ANNUM.

Two bedroomed maisonette with lounge, kitchen and bathroom.

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 on Oldgate in Morpeth town centre.

ACCOMMODATION:
Retail zone A = 19.98 m2 Retail zone B = 19.88 m2 Retail zone C = 1.76 m2 Kitchen = 14.18 m2 Total Area = 55.71 m2

TENURE:
We have been advised the property is freehold, your legal advisor should check this.

RATEABLE VALUE:
The property has been assessed and allocated an adopted rateable value of 9,000

EPC:
EPC Rating F.

VAT:
Unless otherwise stated all figures expressed are deemed to be exclusive of VAT.


Map & Street View

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinson Estate Agents, Commercial on 0191 4251507.


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