25 Newgate Street
Morpeth
Northumberland
NE61 1AW
The Chantry, Chantry Place, Morpeth
£8,900 Per Annum
Commercial
- Semi detached retail premises
- Prominent central location
- Floor area 44.69 m sq (481 sq ft)
- Good footfall
- EPC to be confirmed
The property is located adjacent the Chantry footbridge and Tourist Office in Morpeth town centre, close to all amenities. Public parking available nearby.
The property comprises a semi detached retail unit over two floors.
Change of use may be required depending on the proposed use.
ENTRANCE LOBBY AND STAIRS
GROUND FLOOR RETAIL AREA
3.06m x 5.22m (10'0" x 17'1")Irregular shape - 18.14m sq (195sq ft or thereabouts).
STORE ROOM
2.52m (8'3" )27sq ft or thereabouts.
WC off.
FIRST FLOOR RETAIL AREA
4.19m x 5.2m (13'8" x 17'0" )Irregular shape - 20.94m sq (255sq ft or thereabouts).
STORE ROOM
1.22m x 2.53m (4'0" x 8'3" )3.09m sq (3 sq ft or thereabouts).
TENURE
Leasehold.
New terms to be negotiable with the landlord proposing a 5-year lease, on full repairing terms with provision of a rent review at the end of the third year. The landlord will insure the property with a fair proportion of the costs recovered through a service charge. The grant of use of any external area would be by separate negotiation & pavement licence and not included within the lease.
RATABLE VALUE
£6,300
SERVICES
Mains: water, drainage and electricity.
CONDITIONS
The tenant is to pay 2% of the annual rent as a contribution towards the landlord's legal & surveyors' costs.
VIEWING
Strictly by appointment through our Morpeth Office.
FLOOR PLANS
Ground floor.
First floor.
DEADLINE
Six week deadline for marketing to allow all interested parties to put their interest and proposal forward.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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