Location: Some 1 mile south of the city centre, the subject property is on the corner of High Street and Morpeth Street. In the immediate location are a mixture of small retail businesses and residential properties. Local commercial occupiers include Midcounties Co Op, Post Office, William Hill bookmakers, launderette, hairdressers and various take away fast food shops.
The property comprises a two storey semi detached building, occupying a corner position on the High Street and Morpeth Street. Constructed from brick under a pitched and tiled roof the ground floor is a commercial unit and the first floor separate residential occupation.
The ground floor is currently trading as a cafe with return frontage and a seating area with covers for 28. There is a kitchen with basic equipment including extraction, some of which needs updating. To the rear is an enclosed year with W.C. There is gas fired central heating with a kitchen sited wall mounted Worcester combi boiler . The upper floor is a self contained 2 bed flat with access via Morpeth Street and held under a 99 year lease from June 1997
The property is available on a freehold basis.
Offers are invited on an unconditional basis based on £60,000
Mains water, drainage, gas and electricity are connected to the property.
There is no VAT to pay on the purchase price.
The property has A3 use ( restaurant) as per the Use Classes Order 1987.
An EPC is to follow.
The 2015 Rating List describes the property as cafe and premises with a rateable value of £2,500
Each party to bear their own legal costs incurred in this transaction.
Strictly by prior appointment with the sellers sole agent.
Subject to Contract & availability: These particulars are intended as a general guide only and do not constitute any part of an offer or contract. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or lessees should satisfy themselves as to the accuracy of all statements and representations before entering into any agreement. No employee of 52Degrees North Ltd has authority to make or give any representation or warranty to the property.
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