Rent: £37,500 - £37,500
Sale price: £Price on Application
Hexham is an affluent Market Town 23 miles to the west of Newcastle City Centre. The property is situated within the busy Market Place opposite the Abbey and adjacent to pedestrianised Fore St, Hexham’s principal retail pitch.
Waterstones, Sea Salt, White Stuff, Mountain Warehouse, Costa, Boots, Grape Tree and WH Smith all trade close by.
The property comprises and vacant shop formerly occupied by Edinburgh Woollen Mill on ground, basement and rear first floor levels together with two office suites on the balance of the upper floors and accesses off Hallgate to the rear. Unless otherwise stated the areas set out below are Net Internal Areas defined by the RICS Code of Measuring Practice. The retail element comprises the following areas and dimensions:-
|Gross Frontage||7.03 m²||23’ 00”|
|Net Internal Width (max)||6.56 m²||21’ 06”|
|Shop Depth||33.31 m²||109’ 03”|
|Ground Floor Sales||157.19 m²||1,692 sq ft|
|Basement Stock||58.01 m²||624 sq ft|
|First Floor Stock||17.18 m²||185 sq ft|
|Staff||4.19 m²||45 sq ft|
|Office||3.60 m²||39 sq ft|
Plus wc accommodation on the first floor
The Office suites are both accessed off Hallgate and comprise the following areas:
Front Suite – Overlooking Market Place
|First Floor (3 rooms)||79.53 m²||856 sq ft|
|Second Floor 2 Rooms||47.53 m²||507 sq ft|
|Attic rooms 2 rooms||34.49 m²||372 sq ft|
|Total||167.17 m²||1,735 sq ft|
This suite has its own internal wc/shower room
Rear Second Floor Suite – Hallgate
|Gross Internal Area – 4 rooms||70.94 m²||764 sq ft|
WCs for this suite and situated on the first floor.
Both suites have not been occupied for several years and are in need of refurbishment.
There is potential to convert the office suites into residential apartments subject to the necessary consents.
All mains services are available on site although the shop and second floor rear premises have no direct mains gas supply.
A new 10 year FRI lease is available of the former shop at an initial rent of £37,500pa.
Alternatively our client may consider selling the freehold of the whole or separately in its constituent parts – detail on application.
An Energy Performance Certificate has been commissioned and will be available for inspection on completion.
|Retail Shop Rateable Value||£39,250|
|Front Suite Rateable Value||TBC|
|Rear Suite Rateable Value||TBC|
Interested parties should check with Northumberland County Council for actual rates payable.
All figures quoted are exclusive of VAT
For all enquiries, viewing and general information please contact
Mob 07733 529228
Property type: Retail
Rateable value: £39,250
Planning use: E
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