Retail for sale in Market Place, Hexham, NE46

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 within the heart of Hexham’s town centre on Market Place. There is on-street car parking available outside the property.

DESCRIPTION
The property is a three-storey building, of stone construction under a slate covered pitched roof. We understand the property is Grade II Listed. The subject property comprises a ground floor shop and maisonette above. The shop benefits from a traditional timber shop front, with return frontage onto Hallstile Bank.

Internally, the shop comprises a main retail area to the front and an accessible w.c. To the rear are storage rooms and a small kitchen area and w.c. The retail area has a carpeted floor and suspended ceiling with integral lighting and air conditioning units. The property was previously occupied as a bookmakers, and therefore there is currently an accessible toilet within the retail area and a fixed counter which could be removed if required.

Stairs lead down from the retail area into a basement which provides useful basic storage space.

The maisonette is accessed from the rear and currently comprises three bedrooms, shower room and w.c to the first floor. To the second floor is a kitchen, utility room, w.c. and living/dining room.

It may be possible to convert the maisonette into two flats subject to planning and Listed building consent. The rooms to the front of the maisonette enjoy views over the Market Place and Hexham Abbey.

ACCOMMODATION
We have measured the property as providing the following net internal areas:

Shop
Retail area 51.91 sq m (558 sq ft)
Store 20.42 sq m (220 sq ft)
Store 7.70 sq m (83 sq ft)
Kitchen 3.02 sq m (32 sq ft)
w.c.

TOTAL 83.05 sq m (893 sq ft)

Basement (not measured)

MAISONETTE

Gross internal area approximately 118.98 sq m (1281 sq ft) and currently laid out to provide living/dining room, kitchen, utility room, shower room, w.c’s and three bedrooms.

TERMS
The property is available for sale on a freehold basis at £445,000.

OUTGOINGS
We understand the shop is entered into the 2023 Rating list with a rateable value of £21,250.

Interested parties should make enquiries direct with the Local Authority to establish the actual
rates payable.

The maisonette is entered into the Council Tax List as a Band A property.

VAT
The property is not registered for VAT and therefore VAT will not be payable on the purchase price.

LEGAL COSTS
Each party is to bear their own legal costs.

PLANNING
The ground floor shop has most recently been used as a bookmakers. It is anticipated that it could be used for other professional/financial services, or for retail use, subject to all necessary consents including planning consent being obtained.

OTHER
LOCAL AUTHORITY

Northumberland County Council, County Hall, Morpeth, Northumberland, NE61 2EF.Telephone 0845 600 400.

ENERGY PERFORMANCE CERTIFICATE

The shop has an EPC Rating of B-48.

The maisonette has an EPC rating of E-46.

A copy of the certificates and recommendation reports are available on request.

VIEWING
Strictly by appointment with YoungsRPS

Contact Paul Fairlamb on 0191 261 0300.