Commercial property for sale in Fore Street, Hexham NE46

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