14 Sanderson Arcade Morpeth NE61 1NS

Location

Type Retail
Terms Lease for assignment
Tenure Leasehold
Size 704 sq ft
Price £31,500 per annum
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Description

The property is situated in a busy & prominent position at the main entrance to the high quality Sanderson Arcade Development within the busy market town of Morpeth. The unit provides an excellent corner position with the benefit of extensive return frontage and is adjacent to EE,Hobbs and The Jewellers Guild. Other retail occupiers nearby include The Body Shop, Laura Ashley M&S, New Look and Mountain Warehouse..

The unit is arranged to provide ground floor trading space with a useful mezzanine area accessible from the rear of the sales area. There is a tea point and sink at mezzanine level although WC facilities are within the main scheme. The premises are separately alarmed and air conditioned.

 

Ground floor sales                                        43.5 sqm  (469 sqft)

1st floor mezzanine                                      21.8 sqm  (235 sqft)

The property is held by way of a full repairing and insuring lease (by way of service charge contribution) which expires 9th March 2024. The current rental is £31,500 per annum -which has no further review. Our client is seeking to sublet or assign their remaining interest which will be subject to landlord’s consent.