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Retail Property (high street) to rent

Rear of 17 Newgate Street

£6,500 pa| £542 pcm

Property Description

Key features

  • Newly refurbished retail units to let
  • Attractive timber shop fronts
  • Units from 18.13m (195ft)
  • Town centre location
  • Ready April 2016
  • Rental of 6,500 per annum

Full description

SITUATIONThe subject properties are situated in the historic town of Morpeth. The town has a population of approximately 15,000 and is located 14 miles north of Newcastle upon Tyne, 5 miles west of Ashington and 18 miles south of Alnwick. The A1 is 1 mile to the west providing access to Newcastle southwards and Edinburgh to the north. The town has its own rail and bus stations both of which are within walking distance to the units.The units are situated adjacent to Newgate Street within an attractive alleyway. Newgate Street is one of the main thoroughfares within Morpeth and home to a range of retail and leisure amenities. Nearby occupiers to the property include Lloyds Bank, Pattinson’s Estate Agents and Subway DESCRIPTIONThe units are arranged as a block of attractive terraced shops. The units feature attractive timber shop fronts and have been refurbished to a very high standard. Each shop comprises carpeted floors and suspended tile ceilings with LED lighting. There are WC facilities in each unit whilst they are heated by energy efficient electric heatersACCOMMODATIONThe accommodation comprises as follows:Unit 1 19.42m2 (209ft2) Unit 5 18.13m2 (195ft2) Unit 6 21.42m2 (230ft2) Unit 8 27.28m2 (294ft2)TERMSThe properties are available by way of a new lease for a term of years to be agreed at a rental of £6,500 (Six Thousand, Five Hundred Pounds) per annum.SERVICE CHARGEA service charge of £1000 per annum is payable on each unit. This charge covers water rates, insurance, weekly cleaning of the shop fronts and general upkeep of the alleyway.RATING ASSESSMENTTo be assessed.EPCEnergy Performance Certificate to be carried outLEGAL COSTSEach party is to bear their own legal costs involved in the transaction.VATAll rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.VIEWINGFor general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.Richard Rafique or Kristian SorensenTel: 0191 232 8080Email: richard.rafique@bradleyhall.co.ukEmail: kristian.sorensen@bradleyhall.co.uk


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