**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
£190, 000 (One Hundred and Ninety 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.
Auctioneer's Comments
This property is for sale by the Modern Method of Auction. Should you view,
offer or bid on the property, your information will be shared with the
Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction
within 56 days of the draft contract for sale being received by the buyers
solicitor. This additional time allows buyers to proceed with mortgage finance
(subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a
non - refundable Reservation Fee. This being 4. 2% of the purchase price
including VAT, subject to a minimum of £6, 000. 00 including VAT. The
Reservation Fee is paid in addition to purchase price and will be considered
as part of the chargeable consideration for the property in the calculation
for stamp duty liability.
Buyers will be required to go through an identification verification process
with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents
in relation to the property. The documents may not tell you everything you
need to know about the property, so you are required to complete your own due
diligence before bidding. A sample copy of the Reservation Agreement and terms
and conditions are also contained within this pack.
The buyer will also make payment of £300. 00 including VAT towards the
preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve
Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties
to you. Whilst these services are recommended as it is believed they will be
of benefit; you are under no obligation to use any of these services and you
should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive
payment for the recommendation and you will be informed of any referral
arrangement and payment prior to any services being taken by you.

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