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 within the heart of Hexham’s town centre, boasting a prominent position on the northern side of the Market Place, close to Hexham Abbey.
Surrounding occupiers include, Paxton’s Fish & Chips, Grape & Bean, Small World Café and Betfred. The surrounding streets, such as Fore Street and St Marys Chare are popular retail locations where national retailers such as Boots, Greggs, Costa and Mountain Warehouse are present.
The property comprises a Grade II Listed building, dating from the 18th Century. The building is of rendered brick and stone construction incorporating timber framed traditional sash windows, surmounted by a pitched slate covered roof.
Internally the property provides retail accommodation to the ground floor with a full width glazed shop frontage. To the first floor there is storage/former stock room accommodation and to the second floor an office, W.C and staff room.
Additional access to the property can be gained to the rear, off Pudding Row, where two car parking spaces are provided.
To the ground floor there is a mixture of timber and solid concrete floors, timber clad walls and painted plaster ceilings incorporating LED spotlighting on fitted tracks. To the upper floors, there are exposed timber floors, painted plaster walls and fluorescent strip lighting. The staff accommodation provides a WC with wash basin, and a kitchenette with sink and drainer unit.
We have measured the property as providing the following net internal areas:
Gross Frontage 9.01 sq m (97 sq ft)
Net Internal Width 7.10 m (76 ft)
Shop Depth 10.92 m (118 ft)
GF Sales Total 79.94 sq m (860 sq ft)
First Floor 76.40 sq m (822 sq ft)
Second Floor 63.96 sq m (688 sq ft)
Total 220.30 sq m 2,371sq. ft)
The property is available to let by way of a new full repairing and insuring lease for a term of years to be agreed.
We understand the property is entered into the Rating list with a rateable value of £24,500.
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.
The property is not registered for VAT and therefore VAT will not be payable on the rent.
Each party is to bear their own legal costs.
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
Michael Blake or Sara Lightfoot on 0191 261 0300.
Or joint agents, M J Boaden Chartered Surveyors.