Retail premises for sale in Battle Hill, Hexham NE46
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
Gross Initial Yield: 8.57%
Rental Income: £12,000 p.a.
VAT is not applicable to this property
Comprises double fronted ground floor shop
Let until 2032 to a charity with around 30 locations in UK
Nearby occupiers include Post Office and Oxfam, amongst other local retailers.
Property Description:
Comprises double fronted ground floor shop providing the following accommodation and dimensions:
Ground Floor: 161 sq m (1,733 sq ft)
Open plan retail, Storage, Office, WC
Tenancy:
The property is at present let to Farplace Animal Rescue for a term of 10 years from 26th November 2020 at a current rent of £12,000 per annum and the lease contains full repairing and insuring covenants. Upward only rent review in November 2023 and 2026. Tenant option to determine in May 2024 and 2027 with minimum 6 months notice.
Tenure:
Long Leasehold. Held on a 999 year lease from 25th March 1991 at a ground rent of peppercorn.
Location:
Hexham is a market town and civil parish in Northumberland, England, on the south bank of the River Tyne. The town is served by the A69 road, which runs for 54 miles (87 km) from Carlisle to Newcastle upon Tyne. The town also lies on the main railway line between Newcastle upon Tyne and Carlisle and is an important retail, commercial and tourist centre. The property is located on Battle Hill, which is one of the main routes through the town, close to its junction with Beaumont Street. There is free on street parking on Beaumont Street. Nearby occupiers include Post Office and Oxfam, amongst other local retailers.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Blue Alpine Partners, W1G on +44 20 3641 9157 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.