31-33 Fore Street, Hexham, Northumberland, NE46 1LU
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- SIZE
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- SECTOR
High street retail property for sale
Key features
- Retail Investment
- Let to Waterstones and Holland & Barrett
- Over 3 Years Remaining Unexpired To Lease End (weighted average)
Description
Location
Hexham is an affluent and 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 Iceland, Specsavers, Seasalt Cornwall, Boots, WHSmith, Caffe Nero, Costa & Waterstones.
Description
The subject property comprises a mid-terraced, three storey unit of brick and stone wall construction under a pitched slate roof.
The property is split into two self-contained retail units occupied by Waterstones book shop and Holland & Barrett, a health and wellness retailer.
Both units have sales and retail provision at ground floor level and ancillary accommodation above including offices, staff WC and kitchen.
Tenure
Freehold under Title Number ND112758.
Tenancy
As at 26.04.2024 Waterstones Booksellers Limited reports a Turnover of £452,475,000, a Pre-Tax Profit of £11,219,000 and a Tangible Net Worth of Tangible Net Worth £107,868,000 (Source Dun and Bradstreet 26 April 2024).
As at 26.04.2024 Holland & Barrett Retail Limited reports a Turnover of £536,257,000, a Pre-Tax Loss of £31,528,000 and a Tangible Net Worth of Tangible Net Worth £246,602,000 (Source Dun and Bradstreet 26 April 2024).
31 Fore Street: B38
33 Fore Street: B38
The property is elected for VAT
For further information please go to
Brochures
31-33 Fore Street, Hexham, Northumberland, NE46 1LU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hexham Station0.3 miles
- Corbridge Station3.3 miles
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Notes
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