Retail Property (high street) for sale5 & 5A Oldgate, Morpeth, NE61
55 sq. m.
- 599 sq ft (55 sq m)
- Use class orders: A1 Shops
- Commercial Unit
- Two Bedroom Maisonette
- Central Morpeth
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.
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.
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
We have been advised the property is freehold, your legal advisor should check this.
The property has been assessed and allocated an adopted rateable value of £9,000
EPC Rating F.
Unless otherwise stated all figures expressed are deemed to be exclusive of VAT.
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