Commercial property for sale in Fore Street, Hexham NE46, £340,000

340,000.00

Offer Nr.:
62048911
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
YoungsRPS
Phone(s):
0191 563 0289

Prominent town centre location. Ground floor retail unit. Self - contained upper
floors. Planning consent for 4 residential apartments to upper floors. Two
parking spaces in rear yard. Price: £340, 000
_Location_
Hexham is a thriving market town, lying adjacent to the A69 Trans - Pennine
route, which provides access to the A1 trunk road, 20 miles to the east.
Carlisle lies around 38 miles to the west and Newcastle upon Tyne City centre
23 miles to the east.
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 well positioned on the prime retail street within the town
centre, with nearby occupiers including Boots, Iceland, Greggs, Costa,
Mountain Warehouse and Sea Salt.
_Description_
The subject property comprises a mid - terraced three - storey building of brick
and stone construction under a pitched, slate covered roof.
The ground floor shop benefits from a traditional single glazed timber framed
shop front and fascia.
The shop has been refurbished internally and comprises an open plan retail
area with carpeted floor, plastered walls and suspended ceiling with integral
lighting. To the rear is a store room/staff room and a w. c. The shop also
benefits from air conditioning.
The upper floors are self - contained and accessed from a double width staircase
off Fore Street. There are period features, including sash windows and the
property is well presented with plastered walls and ceilings. The space has
most recently been used as a showroom.
Externally, there is a yard to the rear, suitable for loading or parking two
vehicles. Access to the yard is over the former Robbs department store.
_Accommodation_
We have measured the property as providing the following net internal areas:
Ground floor retail 71. 10 sq m (765 sq ft)
First floor showroom 97. 08 sq m(1045 sq ft)
Second floor storage74. 97 sq m(807 sq ft)
Total 243. 13 sq m (2617 sq ft)
_outgoings_
We understand the property is entered into the Rating list as follows:
Ground floor
Shop & premises - Rateable value £20, 250
Upper floors
Salon & premises - Rateable value £13, 000
Interested parties should make enquiries direct with the Local Authority to
establish the actual rates payable.
_VAT_
The property is registered for VAT and therefore all rents, premiums and
purchase prices quoted herein are exclusive of VAT. All offers will be deemed
to be net of VAT unless otherwise stated.
_Legal costs_
Each party is to bear their own legal costs.
_Planning_
Planning consent was granted in May 2022 to convert the first and second floor
into four apartments (one 2 bed apartment and three 1 bed apartments),
together with new external metal stairs to the rear.
Further information can be obtained through the planning portal of
Northumberland County Council. Planning application no. 21/03931/ful
_other_
**Price**
The freehold interest in the property is available for £340, 000, subject to
vacant possession.
_Viewing_
Strictly by appointment with YoungsRPS or joint agents, Graham S Hall
Chartered Surveyors

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