Retail Property (high street) for sale

Allen Mill Estate, Allendale, Hexham, Northumberland, NE47 9EA

£550,000

Property Description

Commercial information

  • Use class orders: A1 Shops

Key features

  • Total Rental Income ¿37,250 PA
  • 7 x Commercial Units
  • Significant Tourism Site
  • On-Going Planning App for 6 Further Units
  • Total Site Area 5.7 acres
  • (Expanding to 9.89 ac)

Full description

Tenure: Freehold

Allen Mill is a commercial investment property set in stunning woodland scenery. A secure site in a rural location, contained behind grade two stone walls, bounded by the river East Allen and land whose geography makes access almost impossible except through the main entrance gates. The estate has significant historical importance within the local area dating back to the 1600's and its use as a smelt mill, the former stables were converted and restored and are currently tenanted by a number of independent retailers and businesses.


Location 
The Allen Mill Estate is located just south of Catton and north of Allendale Town in the south west of Northumberland. The site itself backs onto the River East Allen. The site is situated approximately 10 miles south west of Hexham, 34.2 miles east of Carlisle and 33.3 miles west of Newcastle city.

Accommodation 
The subject property comprises 7 fully let units which are housed in a converted and restored stable and cart shed stone building. There are two car parks with electric car charging stations, pedestrian walkways and external lighting. Included in the main site are the remains of the historic smelt mill buildings which could be developed by building from the original foundations. Currently positioned on this land are three storage containers, one let at ¿1250 per annum. The site also includes three phase electricity supply, green energy: biomass boiler, solar thermal. The existing site is 2.3 hectares (5.7 acres), at the point of sale an option on riverside land and adjacent woodland will increase the total holding to approx. 4 hectares (9.89 acres).

History of the Site 
First recorded use as a smelt mill in 1672 and owned by George Bacon. The site comprised a water wheel fed by a mill race and mill pond from the river East Allen. An Estate map c. 1800 shows two buildings and three bing steads, (ore bunkers). A footbridge and a ford crossing. The site continued to grow in importance and output becoming probably the largest smelt mill in the UK by the time of its closure in 1896. The site was used as an ordinance depot in WW1 and WW2. Between the wars and after until 1967 the site was mostly used for agricultural purposes. In 1967, the site was developed as Ridley¿s Yard, the depot for a family run haulage business. Following the closure of the business, the yard became a derelict brownfield site. The site was jointly purchased in 2005 by J & S Hick and C & A Bacon. The Hick family developed the Allendale Brewery and bought a portion of the remaining factory building in 2007, leaving the remainder of the factory, the stable block and t...

Tenancies 
The commercial building comprises 7 units and a boiler house. Unit 1: kitchen design. Unit 2: Indian restaurant. Unit 3: care home, office and training suite. Unit 4: fishing tackle shop, fly tying. Unit 5: sign designer and maker. Unit 6: presently offices, to be assigned to a community interest company. Unit 7: veterinary practice. The combined income from the tenants: ¿36,000PA. Currently positioned on this land are three storage containers, one let at ¿1,250 per annum.

Future Site Development 
A second application for planning permission was made in 2007 in order to make future provision for expanding the commercial aspect of the site. The permission was granted to build on the foundations of a building termed a roasting house. The building footprint is 8m x 25m. The site is fully serviced with three phase electricity supply, sewage and surface water drains and potable water supply. The site has had an archaeological survey and repairs to the foundations. The site also has adjacent car parking included in the plot. Planning permission is for up to six x two storey units built with sandstone walls and slate roof. The site comes with architectural drawings but drawings for building regulations will be required. Some of the proposed new additions to the site include: - Day-time caf¿. - Installing a new water wheel. - Riverside walks. - Industrial heritage walks. - Picnic site. - Creating a large visitor car park for those coming to view the historic heritage. - ...

Site Tourism 
The remains of lead smelting buildings, arches and flues are a scheduled ancient monument. They have just been excavated and consolidated, being the subject of a heritage conservation project to preserve them into the future and create a tourism attraction in the Allen Valleys. With grant aid from the Heritage Lottery Fund and English Heritage, a sum in excess of ¿200,000 has been spent to (a) preserve them and (b) provide that they require only minimal upkeep into the future. Signage and explanation panels will be installed later this summer along with the heritage information app. (see later). On completion of the current work programme an integrated marketing campaign will link Allen Mill and several other lead smelting and mining sites in the North Pennines. Future tourism developments at Allen Mill include clearing the large fume bing stead for use as a car park, clearing the millpond and millrace and creating two industrial walks on new footpaths. The largest development...

Other Site Information 
Three-Phase Electricity The site has the largest size pole mounted transformer and connects to a utility box with Bemco isolation, switching and distribution panels providing up to 4 x three phase outlets with smart metering. One outlet dedicated to the Brewery, the second outlet dedicated to Allen Mill Commercial Buildings, the third outlet is for the development site with a fourth for any future requirements. There are three underground 3 phase and earth power cables in ductwork supplying the Brewery, Allen Mill Commercial Buildings, and the development site. A fourth set of cables connecting to the Allen Mill supply is to an underground distribution panel to the gatehouse toilet block and exterior lighting. Main Site Set between the historic archaeological heritage remains and the commercial buildings, is a large tranch of land used until recently for general car parking but recently pedestrianised to provide viewing points to the heritage remains. The site contains...

Expansion of Current Site 
The present site of 2.3 hectares, houses the Allen Mill commercial buildings and car parking, the gatehouse, sculpture park, development site and the heritage tourism development. With a view to future building and tourism developments, Allen Mill Ltd has taken an option on land owned by Allendale Estates to further increase its¿ holding. This includes riverside land and woodland, which will increase the site to approx. 4 hectares. This new ownership will give much needed flexibility in terms of siting materials, containers and other requirements for site development. It also provides the land for visitor walks by the riverside with picnic spots and industrial walks to view the heritage and gives ownership of the whole SAM allowing easy access and maintenance. This land will be purchased at the point of sale of Allen Mill.

More information from this agent

Nearest stations

  • Haydon Bridge (5.0 mi)
  • Bardon Mill (5.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 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

  • Haydon Bridge (5.0 mi)
  • Bardon Mill (5.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 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 314801. 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 Pattinson Estate Agents, Commercial. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data ©OpenStreetMap contributors.