26-32 Bridge Street Morpeth INVESTMENT SALE

Location

Type InvestmentOfficesRetail
Terms Investment income
Tenure Freehold
Size sq ft
Price Offers in the region of £1.1 million
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Description

Morpeth is a bustling historic market town situated approximately 14 miles north of Newcastle, 5 miles west of Ashington and 18 miles south of Alnwick with a population of approximately 14,000 (census 2001). Morpeth is about 1.25 miles(2km) from the A1(M), which provides links to Edinburgh in the north and Newcastle in the south. Morpeth Railway Station (0.3miles east) also provides regular Northern Line services to Edinburgh, London, York, Leeds and Newcastle.The subject premises  are situated on Bridge Street -the main thoroughfare in the town with nearby national retailers including Costa Coffee, WH Smith, Leeds Building Society, Boots and Superdrug.  The Sanderson Arcade shopping centre is located approximately 200 yards to the west with occupiers including Clarks, Laura Ashley and M&S. There is disc car parking space to the front and rear of the property.

DESCRIPTION

 The building comprises of a 3 storey Grade II Listed building with four individual retail units at ground floor level fronting the main shopping street with an interconnecting ginnel between Bridge Street and Whalebone Lane to the rear. The ginnel provides access to offices which are on first and second floor levels with a separate- individual office on two levels also accessible to the rear of the property. This rear office has been let as part of the main accommodation and has also been separately let previously. The ginnel from front to rear forms part of the ownership and is gated off in the evenings.The building provides a total of 4 ground floor retail units which are fully let to TUI Travel, Cancer Research UK,  Health Arena & Urban Spa. The 1st floor office accommodation is predominantly open plan and has just been refurbished following a long standing occupier vacating. The second floor front office is currently leased to the occupier Health Arena , who use the space for storage for another business in the town. Detailed floorplans illustrating the demise are available upon request. The 1st floor office has the benefit of stair and lift access