Property description

SITUATION
Ashington is situated in the Wansbeck area of Northumberland approximately 5 miles north of Morpeth and 17 miles of Newcastle Upon Tyne.
The subject property is situated in the heart of Ashington Town Centre in the prime pedestrianised section of Station Road. This is the town’s prime shopping area which has an excellent mix of national and regional retailers including Dorothy Perkins,  Clarks Shoes, Hays Travel, The Carphone Warehouse and H Samuel.

DESCRIPTION
A two storey mid terrace property of brick wall construction under a slate roof providing retail accommodation at ground floor with ancillary and storage accommodation at first floor.  Service access is to the rear of the premises.

ACCOMMODATION
The accommodation in brief comprises:

Ground Floor Sales130.53 m²(1405 ft²)
First Floor Sales  65.69 m²(  707 ft²)
Total196.22 m² (2112 ft²)

TERMS
The property is available by way of a full repairing and insuring Lease at an initial rental of £20,000 (Twenty Thousand Pounds) per annum.
Available by way of a new Lease on terms to be agreed.
Alternatively, the freehold maybe sold for the asking price of £200,000 (Two Hundred Thousand Pounds).

RATING ASSESSMENT
DescriptionRVEstimated Rates Payable
Shop & £30,250£14,247.75
Premises

We are advised that the rateable value of the premises as at 1 April 2010 is £30,250 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 47.1p in the pound. However, interested parties should confirm the current position with the Local Authority.

As a new occupier rights of appeal may exist against this assessment.

LEGAL COSTS
The ingoing tenant to be responsible for the landlord’s reasonable legal costs involved in the transaction.

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.

VIEWING
For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.

Property Features :

• Retail accommodation for sale/to let
• Prime location
• 196.22 M² (2112 Ft²)
• Available on a new Lease
• Freehold available