About this property
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.
Hexham has a population of 13,616 (2011 Census) but also serves the wider catchment area of Tyne Valley and is a popular commuter town for Tyneside.
LOCAL RETAIL MARKET
The traditional retail core of the town centre is Fore Street, which lies diagonally opposite the subject site. Fore Street, in turn, opens out onto Market Place. Occupiers in this area include Boots, Superdrug, White Stuff, Sea Salt, Iceland, Waterstones, Greggs and Costa. South of Priestpopple is Broadgates Retail Park on Maidens Walk, which is a modern development occupied by Marks & Spencer and B&M Stores. This development directly adjoins the subject site to the rear and also has car parking for 294 vehicles. Other retailers present in the town include Tesco, Waitrose, Next and Homebase.
Hexham has a thriving residential market, with few new sites identified for development.
The former bus station is located on Priestpopple, which is the main vehicular route through the town. It is a relatively flat brownfield site, extending to 0.82 acres (0.33 hectares) or thereabouts. There are a number of structures currently on the site.
All figures quoted above are exclusive of VAT where chargeable.
The property falls within Hexham Conservation Area, and one of the properties within the site known as “The Ropery” is Grade II Listed. Planning consent was granted in November 2015 for various works on the site, including a retail scheme to the ground floor and thirty five dwellings. This consent has now expired.
It is envisaged that a similar mixed use development would be suitable for the site, subject to planning consent. A summary of the current planning policies and planning history for the site is available on request.
There is currently a licence agreement in place for use of the site as a car park.
The property is available for sale on a freehold basis, with a guide price of £1.5 million.
Northumberland County Council, County Hall, Morpeth, Northumberland, NE61 2EF
Tel: (0345) 6006400
Strictly by appointment with sole agents, YoungsRPS.
Paul Fairlamb on 0191 2610300 or 07718 523037 or e-mail: email@example.com
Based on a sale price of £1,500,000 the total amount of stamp duty payable will be:
Last updated: The calculators have been updated following the end of the stamp duty holiday on 30th June 2021. Until the end of September 2021, it represents a staggered return to previous rates.
* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.