Otterburn, Newcastle upon Tyne, Northumberland, NE19

LOCATION

The property is situated in the village of Otterburn, which lies on the edge of the Northumberland National Park. Otterburn lies on the A696 close to its junction with the A68 approximately 24 miles north of Hexham and 31 miles north-west of Newcastle upon Tyne. The village lies on the banks of the River Rede and benefits from local amenities including shops, school, church and small sports centre. The village is also home to the Otterburn training area, which is one of the largest army training ranges in the UK. The Scottish Borders are around 16 miles to the north-west.

DESCRIPTION

The property comprises a retail outlet, café and adjoining land. The original Mill dates from around 1781, with the main building being three-storey, of stone construction under a slate covered pitched roof with single glazed timber framed windows. This part of the property is occupied as a shop, café and museum. The upper floors of the building provide office and storage facilities. The café is complete with a commercial kitchen and internal seating for around 100 customers, as well as customer toilets. The café leads into the museum area, where original elements of the Mill are displayed. There is a garden area to the front of the property with external seating for the café and a small children's play area. The main retail unit is situated toward the rear of the site and is constructed of stone elevations, predominantly clad in corrugated metal panels to the roof and side elevations. The roof is timber framed, with north lights. There are several other detached (truncated)

ACCOMMODATION

We have carried out a measured survey of the property and calculated the gross internal area as follows:

Main Building

1034.87 sq m(11,139 sq ft)

Engine room

51.45 sq m(554 sq ft)

Stores

36.90 sq m(397 sq ft)

Retail Shed

523.89 sq m(5,639 sq ft)

TOTAL

1647.11 sq m(17,729 sq ft)

RATEABLE VALUE

The whole of the property is entered into the Rating List as follows:

Description:

Showroom & Premises

Rateable Value:

£28,500

SERVICES

The property benefits from a Biomass boiler. The system generates potentially significant income from subsidy payments as part of the Renewable Heat Incentive scheme. There is mains water supply and drainage is to the main sewer. The burn ‘Mill Leat’ runs through the property and drove the Mill when it was in operation. The burn has historically caused flooding. Flood protection measures are in place. BUSINESS POTENTIAL The business previously operated out of the subject property traded as a popular retail outlet and café. The owners of the business have retired and the business has closed. The property could be reopened as a retail outlet, museum and café. The current owners have invested in new kitchen/café equipment over recent years and the fixtures and fittings are included in the sale. The property could also be developed for alternative uses such as other retail uses, a restaurant, or possibly an equestrian facility. The buildings may also be able to be (truncated)

PRICE

Our client’s freehold interest in the property is available for sale at offers in the region of £720,000 The property is not registered for VAT and therefore VAT will not be payable on the purchase price. All fixtures and fittings are included in the sale, together with the Biomass boiler which attracts grant funding via the Renewable Heat Incentive Scheme. It may be possible to sell the property by way of a company transfer.

VIEWING

Strictly by appointment through Sole Agents youngsRPS Contact Paul Fairlamb - Tel: E-mail: paul.

LEGAL COSTS

Each party to bear their own legal costs. All figures quoted above are exclusive of VAT where chargeable.

LOCAL AUTHORITY

Northumberland County Council, County Hall, Morpeth, NE61 2EF. Tel: ENERGY PERFORMANCE CERTIFICATE The property has the following EPC ratings:

Retail Building B-33

Visitor Centre A-23

Copies of EPC certificates and recommendation reports are available on request.