3 Gibson House Battle Hill, Hexham, Northumberland, NE46
£80.78 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,733 sq ft
161 sq m
- SECTOR
High street retail property for sale
Description
Gross Initial Yield: 8.57%
Rental Income: £12,000 p.a.
VAT is NOT applicable to this property
Comprises double fronted ground floor shop
Let until 2032 to a charity with around 30 locations in UK
Nearby occupiers include Post Office and Oxfam, amongst other local retailers.
Property Description:
Comprises double fronted ground floor shop providing the following accommodation and dimensions:
Ground Floor: 161 sq m (1,733 sq ft)
Open plan retail, Storage, Office, WC
Tenancy:
The property is at present let to Farplace Animal Rescue for a term of 10 years from 26th November 2020 at a current rent of £12,000 per annum and the lease contains full repairing and insuring covenants. Upward only rent review in November 2023 and 2026. Tenant option to determine in May 2024 and 2027 with minimum 6 months notice.
Tenure:
Long Leasehold. Held on a 999 year lease from 25th March 1991 at a ground rent of peppercorn.
Location:
Hexham is a market town and civil parish in Northumberland, England, on the south bank of the River Tyne. The town is served by the A69 road, which runs for 54 miles (87 km) from Carlisle to Newcastle upon Tyne. 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 located on Battle Hill, which is one of the main routes through the town, close to its junction with Beaumont Street. There is free on street parking on Beaumont Street. Nearby occupiers include Post Office and Oxfam, amongst other local retailers.
Brochures
3 Gibson House Battle Hill, Hexham, Northumberland, NE46
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hexham Station0.4 miles
- Corbridge Station3.4 miles
About Blue Alpine, London
54 Welbeck Street, London W1G 9XS
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can a
Notes
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