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Market Square, Hexham

£475,000

Property Description

Full description

Tenure: Freehold

*FREEHOLD INVESTMENT OPPORTUNITY* Estates and Avenues present this stone built mixed use portfolio comprising retail unit and 3-bedroom upper maisonette in the prime location of Market Square, Hexham - just next to Hexham Abbey.
The ground floor retail unit produces £29,000 per annum. The maisonette is let on an assured shorthold tenancy producing £8,500 per annum, with opportunity for further development to increase rent. This combined income of £37,500 per annum results in a gross yield of 7.9%.

The residential maisonette has potential to be split into two separate dwellings to maximize rental income.


Retail Unit 
Total useful floor area 132 m2 Includes a basement

Maisonette 
Stairs to: first floor landing, three double bedrooms, shower room, W.C. Stairs to: second floor landing, lounge, kitchen, utility room and W.C Total floor area 135 m2 Electric heating, partial double glazing

Additional 
Freehold

Please note 
PLEASE NOTE: All dimensions, references to conditions, descriptions and all other details are given in good faith & are set as a general outline only, any intending purchasers must satisfy themselves as to the correctness of them. As acting agents we have not tested any appliances. Lease details, service charges & ground rent (where applicable) should be checked & verified by your Solicitor prior to exchange of contracts. Purchasers are advised to make their own enquiries to the relevant authorities regarding the connection of any services. Intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of them.

More information from this agent

Nearest stations

  • Hexham (0.3 mi)
  • Corbridge (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Estates and Avenues, Newcastle Upon Tyne

Suite 6, 3rd Floor Adamson House 65 Westgate Road Newcastle Upon Tyne NE1 1SG

0191 687 0011 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 (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Estates and Avenues, Newcastle Upon Tyne

Suite 6, 3rd Floor Adamson House 65 Westgate Road Newcastle Upon Tyne NE1 1SG

0191 687 0011 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 - Property reference CS0003. 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 Estates and Avenues, Newcastle Upon Tyne. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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