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1 Westgate, Haltwhistle, Northumberland, NE49

£70,000

£118.24 per sq ft

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE

592 sq ft

55 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: Class E

E

Key features

  • Rental Income: £6,600 p.a.
  • Gross Initial Yield: 9.43%
  • Comprises ground floor double fronted retail shop t/a Book Shop
  • Nearby occupiers include Boots and Co-op Food, amongst many more.

Description

Investment Consideration:
Gross Initial Yield: 9.43%
Rental Income: £6,600 p.a.
VAT is NOT applicable to this property
Comprises ground floor double fronted retail shop t/a Book Shop
Nearby occupiers include Boots and Co-op Food, amongst many more.

Property Description:
Comprises double fronted retail shop t/a Book Shop, providing the following accommodation and dimensions:
Ground Floor: 55 sq m (592 sq ft)
Open plan retail, storage, office, wc

Tenancy:
The property is at present let to Haltwhistle Partnership Ltd t/a Book Shop for a term of 3 years from 1st April 2024 at a current rent of £6,600 p.a. and the lease contains full repairing and insuring covenants. Tenant option to determine at any time with min 1 month notice.

Tenure:
Virtual Freehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.

Location:
Haltwhistle is an attractive town situated on the A69 trunk road between Carlisle (21 miles) and Newcastle-upon-Tyne (36 miles). The town benefits from a railway station and is on the Carlisle to Newcastle line. The town is popular with tourists principally due to the close proximity to Hadrian’s Wall and the Pennine Way, which runs through the town. The property is situated in a prominent corner position on Westgate, which is the town’s main shopping street, at its junction with Aesica Road. Occupiers close by include Boots, Save the Children, Co-op Supermarket and the library with adjacent public car park.

Brochures

1 Westgate, Haltwhistle, Northumberland, NE49

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Haltwhistle Station0.2 miles
  • Bardon Mill Station4.6 miles

About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

Notes

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Disclaimer - Property reference bookstorewestgate. 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 Blue Alpine, London. 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.

Map data ©OpenStreetMap contributors.

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