Restaurant/cafe to let in The Royal, 22-24 Priestpopple, Hexham NE46

£25,000 pa (£10.54/sq. ft. pa)
Interested in this property? Call +44 191 563 0289 * or Request Details

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Restaurant/cafe to let

2,372 sq. ft*

Property description

Restaurant/Bar to let in prominent town centre. Ground and First Floor suitable for use as a bar/restaurant. Rent £25,000 per annum



Location
Hexham is a thriving market town, lying adjacent to the A69 Trans-Pennine route, which provides access to the A1 trunk road some 20 miles to the east. Carlisle lies around 38 miles to the west and Newcastle upon Tyne City centre around 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 also lies within the Hexham conservation area.

The property is well positioned in Hexham town centre, holding a prominent position on Priestpopple, which is the main vehicular route through the town.

Nearby occupiers include, Halifax, Barclays Bank and a number of hot food takeaways, bars, restaurants and estate agencies.

Description
The property comprises part of the ground and first floors of the former Royal Hotel, which is a three-storey mid-terraced building of brick construction under a slate covered pitched roof.

The building is Grade II Listed and dates from the early 19th Century. The property has undergone extensive development over recent years, to create apartments within part of the building.

The last remaining unit is the bar and restaurant premises which is spread over ground and first floors. It has undergone extensive refurbishment and benefits from an impressive staircase and original fireplaces. There is also a timber double glazed retractable frontage with retractable canopy

It is envisaged that the new tenant will be responsible for final fittings, including the fitting of the commercial kitchen and bar.

Accommodation
We have measured the property from plans provided by the freeholder as providing the following gross internal areas:

Ground floor114.74 sq m(1,235 sq ft)
First floor105.65 sq m(1,137 sq ft)

Total220.39 sq m(2,372 sq ft)

An additional space on the ground floor may be available by separate negotiation.

Terms

Tenure


The property is available to let by way of a new internal repairing and insuring lease for a term of years to be agreed.

Outgoings
The property will need to be reassessed for business rates on completion of the development.

Legal costs
Each party is to bear their own legal costs.

Planning
Planning consent was granted in May 2019 for a number of alterations to the property, including use of part of the property as a restaurant. Interested parties should confirm with the Local Planning Authority and ensure that all necessary consents, including planning consent, are in place for their proposed use.

We understand there is currently a premises licence for the property, further details are available on request.

The property may also be suitable for other uses, subject to all necessary consents including planning consent, being obtained.

Other

Rent


£25,000 per annum exclusive of business rates and payable quarterly in advance.

The property is registered for VAT and therefore VAT will be payable on the rent and all other charges.


Local authority


Northumberland County Council, County Hall, Morpeth, NE61 2EF. Tel: All figures quoted above are exclusive of VAT where chargeable.


Energy performance certficiate


The whole of the property has an EPC rating of d-88. The property will need to be reassessed on completion of the works.


Code of practice for commercial leases


The Code of Practice for Commercial Leases in England and Wales recommends parties intending to enter into leases should seek advice from professionals or lawyers at an early stage. The Code is available through professional institutions and trade associations or through the website

viewing
Strictly by appointment by sole agents YoungsRPS

Contact Paul Fairlamb or Molly Flannigan on .

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
YoungsRPS, NE1 on +44 191 563 0289 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by YoungsRPS, and do not constitute property particulars. Please contact YoungsRPS 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.

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