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Retail Units & Shops

Northumberland

Morpeth

property

Under Offer

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

Use Class

Size

6,441 sq ft

Rent pa

£23,750

Price

£620,000

Market Sector

High Street Scheme

Description

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

Downloads

Brochure

2 Bridge Street & 15 Market Place, Brochure

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

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.

Disclamier

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.