Skip to content
Hexham, 8-9 Market Place

Rent: £37,500 - £37,500

Sale price: £Price on Application

Region: Northumberland

Town/City: Hexham


SITUATION
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.

 

ACCOMODATION
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.

 

SERVICES
All mains services are available on site although the shop and second floor rear premises have no direct mains gas supply.

 

LEASE/SALE DETAILS
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.

 

EPC
An Energy Performance Certificate has been commissioned and will be available for inspection on completion.

 

BUISINESS RATES

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.

 

COSTS
All figures quoted are exclusive of VAT

 

VIEWING
For all enquiries, viewing and general information please contact
Bob Fletcher
Mob 07733 529228
Email bob@atretail.co.uk

Property type: Retail

Rateable value: £39,250

Planning use: E

Talk to us about retail property

Get in touch with our local expert consultants to start a discussion about your requirements.

Contact us now