Retail premises for sale in Market Place, Alnwick NE66, £265,000

265,000.00

Offer Nr.:
63638685
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Bradley Hall
Phone(s):
0191 686 9796

**Location**
Alnwick is an affluent market town approximately 33 miles north of Newcastle
upon Tyne and 18 miles north of Morpeth. The town is easily accessed from the
A1 motorway which lies immediately to the east of town. The town is an
historical market town and the ancestral home of the Duke of Northumberland
and Alnwick Castle. Alnwick benefits from a strong rural catchment as well as
being a thriving international tourism destination. The development of the
Alnwick Gardens dramatically increased tourist numbers to the town.
The property is situated within the Market Place within the centre of the
town. The Market Place is a pedestrianized area that hosts a number of markets
and entertainments events throughout the year providing a good focal point and
attracting good levels of footfall. The buildings within the Market Place are
comprised of a mix of retail, office and leisure properties providing a good
mix of occupiers. Neighboring Streets host a number of national retailers
mixed with well regarded and established local traders.
The property benefits from an additional second access onto Fenkle Street
another popular residential street within the town centre and therefore
creates a double fronted unit.
**Description**
The subject property comprises a mid terrace building which is arranged
primarily over ground floor with a small ancillary office to the first floor.
The ground floor provides open plan retail accommodation fit out to a high
standard by the current tenant. The property benefits from retail frontage
onto both the Market Place and Fenkle Street, two of the main retail areas
within the town.
The mezzanine level comprises ancillary office space.
**Accommodation**
Ground Floor 60. 10 m² 647 ft²
First Floor 16. 47 m² 177 ft²
Total 76. 57 m² 824 ft²
**Tenancy information
**
Tenant Occupied area Rent (Per annum) Lease Terms
Hotspur Gin Ltd 3 Market Place £21, 000 3 year lease from 1st October 2021
until 30th September 2024.
Total £21, 000
**EPC rating**
Awaiting EPC Ratings.
**Terms**
The subject property is available by way of freehold with a guide price of
£265, 000 (Two Hundred and Sixty Five Thousand Pounds).
**VAT**
All rents, premiums and purchase prices quoted herein are exclusive of VAT.
All offers are to be made to Bradley Hall upon this basis, and where silent,
offers will be deemed net of VAT.
**Legal costs**
Each party is to bear their own legal costs involved in the transaction.
**Money laundering regulations**
In accordance with the Anti - Money Laundering Regulations the Purchaser/Tenant
will be required to provide two forms of identification and proof of the
source of income.

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