Retail Property (high street) to rent

14-16 Priestpopple, Hexham, NE46 1PQ

1,583 sq. ft. | £25,000 pa| £2,083 pcm

Property Description

Commercial information

  • 1,583 sq ft (147 sq m)
  • Use class orders: A1 Shops

Letting information:

Letting type: Commercial

Key features

  • 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

Full description

Location:

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.

Description:

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.

Accommodation:

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.

Lease Terms:

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.

Rent:

The total rent for the property is £25,000pa

Rateable Value:

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.

More information from this agent

Nearest stations

  • Hexham (0.3 mi)
  • Corbridge (3.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

@retail, Newcastle Upon Tyne

Cobalt Business Exchange, Cobalt Way, Newcastle Upon Tyne, NE28 9NX

0191 687 0662 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Hexham (0.3 mi)
  • Corbridge (3.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

@retail, Newcastle Upon Tyne

Cobalt Business Exchange, Cobalt Way, Newcastle Upon Tyne, NE28 9NX

0191 687 0662 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Administration fees may apply when renting a property in England, Wales or Northern Ireland. For more details, please contact the agent.

Property reference 14-16PriestpoppleHexham. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by @retail, Newcastle Upon Tyne.

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