2 Bridge Street & 15 Market Place Morpeth, NE61 1PT

£ 23,750 pa / 6,441 sq ft
2 Bridge Street & 15 Market Place, Morpeth - Picture 2024-05-24-16-18-22
Use Class

Use Class

E

Size

Size

6,441 sq ft

Rent pa

Rent pa

£23,750

Price

Price

£620,000

Morpeth is situated approximately 14 miles north of Newcastle upon Tyne and is Northumberland’s County Town and Administration Centre. The affluent Market Town is thriving and a popular & growing commuter destination for the Tyneside & Northumberland Conurbations.

The town has by and large resisted the trend for out of town retail development and its retail offer is almost entirely confined within the historical core. Bridge St and Newgate St are the principal thoroughfares along with Sanderson Arcade whose principal entrance off Bridge St leads through to ample free car park and big box retailers including Next, M&S, New Look, Wm Morrison and Lidl.

Morpeth’s current population is over 14,000 and its catchment is considerable.

The town hosts a range of independent and multiple upmarket retailer and leisure operators including M&S, Fat Face, Crew, Superdrug, White Stuff, Loungers, Sea Salt, Mint Velvet, JoJo Maman-Bebe, Waterstones, Hobbs, WHSmith, Boots and others. There is healthy demand for vacant space in the town.

Accommodation

6,441 Sq.Ft

2 Bridge Street - Ground Floor Retail - 1,459 ft2, First Floor Ancillary - 1,512 ft2, Second Floor 720 ft2. 5 Market Place - Ground Floor Retail 913 ft2, First Floor Ancillary, 855 ft2, Second Floor 603 ft2, Third Floor 379 ft2.

Areas
Sq.Ft
Sq.M
2 Bridge Street, Ground Floor Retail
1,459
135.55
2 Bridge Street, First Floor Ancillary
1,512
140.47
2 Bridge Street, Second Floor
720
66.89
15 Market Place, Ground Floor Retail
913
84.82
15 Market Place, First Floor Ancillary
855
79.43
15 Market Place, Second Floor
603
56.02
15 Market Place, Third Floor
379
35.21

Financial

Rent

Subject to contract, rental offers are invited in the region of £23750 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Costs

We are instructed to seek offers in the region of £620,000 for our client’s freehold interest. Each party is to be responsible for their own legal costs incurred with this transaction. Both properties are opted for VAT.

Business Rates

Rateable Value: 2 Bridge Street £36,750 Rateable Value: 15 Market Place £19,000

Sustainability

Energy Performance Certificate

D
Note: An accurate EPC value wasn't given for this property, please check with the relevant agent or owner for up-to-date information.

Energy Performance Certificate Information

Both premises have an EPC of D. Full certificates available on request.

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

All data ©2024 Completely Property Technology Limited

This was last updated on 30/05/2024