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Commercial Property for sale

North End, Longhoughton, Alnwick, Northumberland, NE66 3AG

Guide Price* £200,000

Property Description

Key features

  • Freehold site with residential redevelopment potential (subject to planning)
  • Prominent town centre position within an established residential location
  • Site area of approximately 0.52 acres (0.21 hectares)

Full description

Tenure: Freehold

For Sale by Public Online Auction on 17/10/2018 09:00

Location
The site is located in Longhoughton, approximately 31 miles (50 km) north of Newcastle upon Tyne and within the Northumberland Coast AONB.

Set within a predominantly rural location, situated approximately 4 miles (6.5 km) north east of Alnwick, the town provides residential and retailing provision for the nearby Royal Airforce station at RAF Boulmer.

The site is situated on North End, which provides the arterial means of access to and from the town. Accessed from Lacey Street, the site benefits from a prominent central position and road frontage to the western and southern boundaries. The surrounding area is predominantly residential.

The subject property comprises a vacant former convenience store and retail unit currently let and operated as a hairdressing salon on flexible lease terms. The site extends to approximately 0.52 acres (0.21 hectares) and provides existing built accommodation with hard surfaced car parking provision and associated landscaped areas, with an approximate site cover ratio of 20%.

The Valuation Office Agency lists the following floor areas for the subject property:

Former Spar Convenience Store: 3,648 sq ft (338.9 sq m)
Hairdressing Salon: 647 sq ft (60.1 sq m)
TOTAL: 4,295 sq ft (399 sq m)

The hairdressing salon is currently let to a private individual for a term of 10 years from 1st April 2014, subject to mutual breaks on 1st April 2020 and 2023 upon 6 months written notice. The current rent payable is £5,000 per annum, subject to an RPI Index linked rent review on 1st April 2019.

Tenure
Freehold

Planning
Northumberland County Council (0345 600 6400) www.northumberland.gov.uk.

The building and site offer development potential for a variety of different uses. Prospective purchasers are advised to make their own enquiries in this regard.

A copy of the EPC is enclosed.

For further information please go to www.lshauctions.co.uk


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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Lambert Smith Hampton, Auctions on 0208 012 7784.


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