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. The property also lies within the Hexham conservation area.
The property is well positioned in Hexham town centre, holding a prominent position on Cattle Market, which is the main vehicular route through the town.
Surrounding occupiers include, Virgin Money, Hare’s Barbers, Greggs, and Lloyds Bank. The surrounding streets including Fore Street and St Marys Chare are popular retail locations where national retailers are present.
The property comprises a ground floor retail unit within a 3-storey traditional mid terraced building. The building is of painted solid brick construction surmounted by a pitched slate covered roof.
Internally the property provides retail accommodation to the ground floor with a glazed shop front and electric internal roller shutter. There is an open plan retail area to the front with accessible customer w.c. To the rear is a kitchen/store room and staff w.c. The upper floors provide storage accommodation, access can be gained via a ceiling hatch to the rear of the property.
We have measured the property as providing the following net internal areas:
Net Internal Width 5.00 sq m (54 ft)
Shop Depth 15.14 sq m (163 ft)
Retail area 71.00 sq m (764 sq ft)
Customer w.c 4.42 sq m (48 sq ft)
Rear store/kitchen 16.1 sq m (173 sq ft)
Total 91.52 sq m (985 sq ft)
There is also additional space on the upper floors accessed via a hatch.
The property is available to let by way of a new full repairing and insuring lease for a term of years to be agreed.
£16,000 exclusive of business rates and payable quarterly in advance.
We understand the property is entered into the Rating list with a rateable value of £20,250. If the occupying business is eligible under the current Government Covid-19 measures to support businesses, the rates bill will be discounted by 66% from 1 July 2021 to 31 March 2022.
Interested parties should make enquiries direct with the Local Authority to establish the actual rates payable.
Each party is to bear their own legal costs.
ENERGY PERFORMANCE CERTFICIATE
The property has an EPC rating of D-93.
A copy of the EPC and recommendation report is available on request.
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 www.commercialleasecodeew.co.uk
Strictly by appointment by sole agents YoungsRPS
Paul Fairlamb or Sara Lightfoot on
0191 261 0300.
E-mail: email@example.com or firstname.lastname@example.org