Retail Property (high street) to rent14-16 Priestpopple, Hexham, NE46 1PQ
1,583 sq. ft. | £25,000 pa| £2,083 pcm
- 1,583 sq ft (147 sq m)
- Use class orders: A1 Shops
- Located in affluent market town
- Attractive location for commuters
- Strong road and rail links
- Prominent location on the busy Priestpopple
- Main thoroughfare into the town
- Close proximity to the pedestrianized Fore Street
- Well fitted retail accommodation on ground floor
- Office space at the first floor
- Possible to split the property into two separate units
Hexham is an affluent market town easily accessible from Newcastle, 23 miles to the east, by the A69, as well as Scotland and County Durham by the A68. The area acts as an attractive location for commuters, with strong road and rail links, and is also a popular destination for tourists visiting the towns Abbey and nearby Hadrian’s Wall. The town acts as the regional centre having the local Hospital, Cinema and Sports Complex.
The town benefits from a strong retail offering in its core with national retailers such as Costa, Fat Face and Café Nero having premises. Next, Marks and Spencer’s and Waitrose also have edge of town representation. Hexham also enjoys a number of established strong local retailers, restaurants and public houses, most notably Beales Department Store.
The subject property occupies a prominent location on the busy Priestpopple, which acts as the main thoroughfare into the town. The unit is in close proximity to the pedestrianized Fore Street and the retail prime stretch, with Beales Department Store adjacent. Preistpopple also acts as the leisure centre in Hexham, with a number of public houses, bars and restuarants on the road, as well as a Nightclub opposite the subject property.
The property provides well fitted retail accommodation on the ground floor, with office space at the first floor, and provides the following approximate floor areas:
Ground Floor Sales 1,016 sqft 94.38 sqm
First Floor Storage 567 sqft 52.72 sqm
Internal Width 265’ 8” 8.13m
Shop Depth 50’ 07” 15.41m
It is also possible to split the property into two separate units. Details available on request.
The property is held on two separate leases the details for which are below:
14 Priestpopple – FRI lease which expires on 6 April 2021. The passing rent is £12,000pa with the next rent review in March 2015 and every third anniversary thereafter.
16 Priestpopple – FRI lease which expires on 23 June 2019. The passing rent is £13,000pa until lease expiry.
The total rent for the property is £25,000pa
We are verbally advised that the premises are assessed for rating purposes as follows:
Rateable Value £23,000
Rates Payable 2014/15 £11,086
Interested parties should verify the accuracy of this information with Northumberland County Council direct on 0845 600 6400.
Energy Performance Certificate:
The Energy Performance Asset Rating is Band D (95). A full copy of the EPC is available for inspection if required.
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