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Oswald House

£49,000 pa
fees apply

Property Description

Letting information:

Added on Rightmove: 12 April 2016 (591 days ago)

Key features

  • Parking for 6 vehicles
  • Potential change of use STP
  • NIA 368.05ft² (3,957ft²)
  • Prime location in Morpeth Town Centre
  • EPC Rating C68
  • To Let/May Sell

Full description

SITUATIONOswald House is 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 5 minutes’ walk of the propertyOswald House is located on Bridge Street which is the main thoroughfare within Morpeth and home to a range of retail and leisure amenities. Nearby occupiers to the property include Groves Estate Agents, WH Smiths and Boots. DESCRIPTIONThe subject property is an impressive three storey building built in the late 19th century and converted to commercial use in the 1970’s with many retained period features. A rear extension was added in the 1980’s which provides open plan accommodation on two floors. The ground and 2nd floors mainly comprise of a number of individual rooms with the exception of the open plan extension at the rear of the ground floor. The 1st floor is entirely open plan and has double doors to the rear with steps leading from the parking area which can accommodate approximately 6 vehicles.ACCOMMODATIONThe accommodation comprises as follows:Ground floor 108.79m² (1,166ft²)First floor 161.39m² (1,739ft²)Second floor 71.87m2 (774ft2)Basement 25.8m2 (278ft2)Total 368.05m² (3,957ft²)TERMSThe property is available by way of a new lease for a term of years to be agreed at a rental of £49,000 (Forty Nine Thousand Pounds) per annum. The property is also available for sale with offers invited for the benefit of the freehold interest.RATING ASSESSMENTDescription RV Estimated Rates PayableOffices £22,750 £10,965We are advised that the rateable value of the premises as at 1 April 2010 is £22,750 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 47.1p in the pound. However, interested parties should confirm the current position with the Local Authority.As a new occupier rights of appeal may exist against this assessment.EPCEnergy Performance Certificate rating of C68LEGAL 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.

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Property reference 2760. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bradley Hall Chartered Surveyors & Estate Agents, Newcastle upon Tyne - Commercial.

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