1 New Market, Morpeth

Freehold bank investment for sale

2,790 ft²

Offers in excess of £710,000

Key Features

Features
Town centre investment for sale
Size 256.4m² (2,790ft²) over ground and first floors
New lease to HSBC (June 2018)
EPC Rating D92
Market place position and highly visible
Passing rent of £42,000 per annum.
Transport
0.3 miles from Morpeth Bus Station
0.6 miles from Morpeth Train Station
1.7 miles from A1(M)
1.5 miles from A197

Property Description

LOCATION

The subject property is located on the corner of  New Market and Oldgate in Morpeth town centre. New Market and Oldgate form a cross road withh Bridge Street and Newgate Street and is popular with local and national retailers and businesses including Morpeth Town Council, Subway and The Cheese Shop. The property is also within close proximity to Morpeth Clock Tower.

The building is close to the hugely successful Sanderson Arcade which is anchored M&S Food and provides the prime retail thoroughfare. The properties are prominently located with easy access to A197 towards Ashington and A1(M) which provides access throughout the region. The properties are less than half a mile from Morpeth bus station to the north and Morpeth Train Station to the south.

DESCRIPTION

The subject property comprises a prominent corner building which is arranged over ground and first floors, totalling 256.4m² (2,790ft²).

Ground floor                136.7m²                       1,487ft²

First floor                     118.7m²                       1,303ft²

EPC    

D92

TERMS

The accommodation is available by way of freehold. The premises are let on a 5 year lease on FRI terms from 22/06/2018.

VAT

All 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.

LEGAL COSTS

Each party is to bear their own legal costs involved in the transaction.

VIEWING

For general enquiries and viewing arrangements please contact Tim Aisbitt at Bradley Hall.

Tel:                 0191 232 8080

Email:             tim.aisbitt@bradleyhall.co.uk


Arrange a viewing


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