Retail property (high street) to rent
Property description & features
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 lies within the Hexham conservation area.
The property is located on Battle Hill, close to its junction with Beaumont Street. Battle Hill forms part of the main vehicular route through Hexham town centre. Fore Street is located approximately 50 yards to the east.
Other occupiers in the vicinity include Oxfam and several independent traders. Also present nearby are Lloyds Bank, Greggs, Boots and Costa.
DESCRIPTION
The property comprises ground, first and second floors within a three-storey end-terraced building of brick and stone construction under a slate covered pitched roof. The retail frontages are of single glazed timber frame construction. Heating is provided by wall mounted electric heaters.
Internally the property is presented in good condition with suspended ceilings, integral lighting, plastered walls and intruder/fire alarm systems. Most recently the property has been let to a single tenant. The ground and first floors were occupied as retail space with the second floor used for storage.
The property is Grade II Listed and lies within Hexham Conservation Area.
ACCOMMODATION
We have measured the property as providing the following net internal areas:
Ground floor 98.11 sq m (1056 sq ft)
First floor 77.50 sq m (834 sq ft)
Second floor 81.99 sq m (883 sq ft)
TOTAL 257.60 sq m (2773 sq ft)
TERMS
The property is available to let as a whole by way of a new full repairing and insuring lease for a term of years to be agreed at a rent of £23,000 per annum exclusive of business rates and payable quarterly in advance.
OUTGOINGS
The property is entered into the 2023 Rating List with a rateable value of £18,750.
Interested parties should make enquiries direct with the Local Authority to establish the actual rates payable. If the property is split into two shops, a new rating assessment will be required.
VAT
The property is not registered for VAT and therefore VAT will not be payable on the rent.
PLANNING
The property is suitable for retail use. It may also be suitable for other uses, subject to planning consent being obtained.
VIEWING
Strictly by appointment by sole agents YoungsRPS
Contact Paul Fairlamb or Cameron English on[use Contact Agent Button].
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