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, 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 on the prime retail street within the town centre, with nearby occupiers including Boots, Iceland, Greggs, Costa, Mountain Warehouse and Sea Salt.
Internally the property is undergoing refurbishment, and will comprise a single open plan retail area with carpeted floor, plastered walls and suspended ceiling with integral lighting. To the rear is a store room/staff room and a w.c. The shop also benefits from air conditioning.
There is a yard to the rear of the property, with parking for at least two vehicles.
The upper floors are separately accessed from the front. This space may be available to let by separate negotiation and may, with some alteration, also be able to be accessed directly from the ground floor shop.
We have measured the property as providing the following net internal areas:
Retail area 60.29 sq m (649 sq ft)
Store room 7.51 sq m (81 sq ft)
Total 67.80 sq m (730 sq ft)
We have not inspected the upper floors, but understand they provide the following net internal areas:
First Floor 97.00 sq m (1,044 sq ft)
Second Floor 71.00 sq m (765 sq ft)
Total 171.00 sq m 1840 sq ft)
The ground floor shop has most recently been used as a travel agency and we envisage it being suitable for general retail use or professional services, subject to all necessary consents including planning consent being obtained.
The first floor has also most recently been in retail use.
The property is available to let by way of a new effectively fully repairing and insuring lease for a term of years to be agreed.
We understand the property is entered into the Rating list as follows:
Shop & premises - Rateable value £21,500
Salon & premises- Rateable value £11,500
Interested parties should make enquiries direct with the Local Authority to establish the actual rates payable.
The property is registered for VAT and therefore VAT will be payable on the rent.
Each party is to bear their own legal costs.
The ground floor shop is available at a rent of £27,000 per annum, exclusive of business rates and payable quarterly in advance.
The upper floors are available at a rent of £9,000 per annum, subject to the landlord obtaining vacant possession.
Northumberland County Council, County Hall, Morpeth, Northumberland, NE61 2EF.Telephone 0845 600 400.
ENERGY PERFORMANCE CERTIFICATE
The ground floor shop has an EPC rating of D-92.
The upper floors have an EPC rating of E-108.
Copies of the Energy Performance Certificates and Recommendation Reports are 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 a lease 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 with YoungsRPS