Rent: £20,000 - £20,000
Sale price: £195,000
Hexham is an affluent market town situated approximately 23 miles west of Newcastle upon Tyne. An attractive historic market town with a strong architectural heritage, attractive market square and period buildings; Hexham has a strong retail core with a good mix of multiple and independent retailers including White Stuff, Waterstones, EWM, Fat Face, Mountain Warehouse and Caffe Nero. Marks and Spencer, Tesco Extra, Next, Waitrose and Aldi are all represented in edge of town positions. The town draws from a widespread rural catchment and Tynedale extends to approximately 35,000 people.
The property is located on the principal east west route through the town centre and occupies a prominent position at the junction of Cattle Market and Eastgate (the main route south into Hexhamshire) and is opposite the prime pedestrianized shopping street (Fore St). The property comprises an original 3 storey stone and slate building to the principal frontage of Cattle Market, a single storey infill mid section, and a more recent 3 storey building to the rear. The principal sales area is accessed off Cattle Market and two further areas at a raised level are located to the rear of the property. To comply with Disability legislation these areas are accessed by an electric access platform and ramp together with stairs. The upper floors to the front of the property were previously used for storage purposes and are accessed off the principal sales area. The upper floors at the rear have been used as a staff room and office at first floor level and storage above. Servicing is available off Eastgate to the rear of the property.
The premises are available on a new 10 year Full Repairing and Insuring lease incorporating an upward only rent review at the fifth anniversary.
|Gross Frontage||6.56 m||21’ 06”|
|Net Internal Width||5.98 m||19’ 08”|
|Shop Depth||17.46 m||57’ 03”|
|Built Depth||19.10m||62’ 08”|
|Ground Floor Sales||80.68 m²||868 sq ft|
|wc accommodation to rear of sales area|
|Cattle Mkt Uppers|
|First Floor||34.36 m2||370 sq ft|
|Second Floor||37.03 m2||399 sq ft|
|Attic||23.50 m2||253 sq ft|
|1F Staff/Office||16.52 m²||178 sq ft|
|2F Stock||24.73 m²||266 sq ft|
Rental offers invited in the region of £20,000 pa.
Offers in the region of £195,000 are invited for the freehold with vacant possession.
We understand from the Government Website that the rating assessment for this property is:
Interested parties should verify the accuracy of this information and check rates payable (as this will vary according to circumstances) with the Local Rating Authority (Northumberland County Council).
Each party to be responsible for their own legal costs incurred in connection with any transaction.
ENERGY PERFORMANCE CERTIFICATE
An EPC has been commissioned and will be available for inspection upon request.
Strictly by appointment with @retail:
0191 280 4238
0191 280 4239
Property type: Retail
Rateable value: £20500
Planning use: A1
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