Hexham, 8 – 9 Market Place

Rent: £0

Sale price: £500,000

Region: Northumberland

Town/City: Hexham

Location

Hexham is situated 23 miles west of Newcastle, 32 miles east of Carlisle and 300 miles north of London and is one of the principal market towns in the North East of England.  The town is within an easy 30 minute commute of Tyneside along the A69 dual carriageway where it links with the A1 just to the west of Newcastle City Centre.  Communications are enhanced via the Newcastle to Carlisle railway and the A68 which links with Edinburgh (98 miles) to the North and Darlington (45 miles) to the South.

 

Retailing in Hexham

Hexham is characterised by its diverse retail mix situatedwithin and around its historic core.  Principal retailers include Marks and Spencer, Waitrose, Tesco, Next, Aldi, B&M, Homebase and Majestic all represented in edge of town locations with Boots, Waterstones, WH Smith, M&Co, Mountain Warehouse, Caffe Nero and White Stuff represented within the heart of the town centre
principally within the prime pedestrianised shopping street of Fore St and Market Place.

 

The Independent sector is particularly vibrant and a number of excellent local entrepreneurs have set up successful enterprises contributing massively to the mix and variety of retail and leisure within the town.

 

Description
The Premises comprise a four storey ashlar stone property built in the mid 19th Century.  A subsequent three storey brick extension to the rear was added probably in the mid 20th Century.
The Ground floor basement and part first floor was last occupied by Edinburgh Woollen Mill during 2021. The remainder of the building was sub-let as offices although these premises have been vacant for some time. The retail element is currently let on a temporary basis on flexible terms.  Vacant possession of the whole will be available on completion of the sale.
Plans of the existing building arrangement are available upon request.
Our clients have also investigated a reconfiguration of the accommodation. This involved the retention of retail use on Ground and basement levels and conversion of the upper floors into 4 no.
2 bedroomed flats. The response from the Local Planning Authority has been encouraging but any such proposal will of course require full planning consent. Plans of these proposals can also be made available to interested parties if required.

 

Accommodation
RETAIL SHOP

Gross Frontage	7.03 m	23’ 00”
Net internal Width	6.56 m	21’06”
Shop Depth	33.31 m	109’ 03”

NET INTERNAL AREAS (WHOLE BUILDING)

	SQ M	SQ FT
Ground Floor	157.19	1,692
Basement	148.31	1,596
First Floor	103.61	1,115
Second Floor	118.11	1,271
Attic	34.49	372

Rating Assessments
SHOP  – Rateable Value £39,250

 

Tenure
The property is freehold.

 

EPC
The property has assessments as follows
SHOP AND PREMISES E58
OFFICES AND PREMISES E108

 

VAT
The Property is registered for VAT purposes

 

Price
Offers in excess of £500,000

 

Contact
Should you require more information or want to view the premises please contact:
PETE TOWNSEND
E: pete@atretail.co.uk
M: 07713 151 970