9-9A Battle Hill, Hexham, Northumberland NE46 1BA
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Mid terrace mixed use investment opportunity
- Arranged over two floors
- Retail store at ground floor level
- Restaurant and one bedroom flat on the first floor
- Investment let at £30,200 per annum (12% GIY on guide price).
Description
StrapLine
Auction Sale - 01/10/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteA mid terrace mixed use investment opportunity.
Comprising a retail store at ground floor level and a restaurant and one bedroom flat on the first floor.
Investment fully let at £30,200 per annum (12% GIY on guide price).
Description
The property comprises a three-storey building comprising a retail store, restaurant and one bedroom flat arranged across ground and first floors. The property is located at the heart of Hexham.
The property is fully let and producing a total rent of £30,200 per annum.
Location
Hexham is a thriving market town, lying adjacent to the A69 Trans-Pennine route, which provides access to the A1 trunk road some 20 miles to the east. Carlisle lies around 38 miles to the west and Newcastle upon Tyne City centre around 23 miles to the east. The property is located on Battle Hill, which forms part of the main vehicular route through Hexham town centre. Fore Street is located approximately 50 yards to the east. The property adjoins the Globe Inn, and is directly opposite the town’s Post Office.
Transport
Hexham - Northern Rail
Tenancy
The ground floor shop is let to Farplace Animal Rescue by way of a 10 year lease expiring 5 December 2029 at a current rent of £11,000 per annum. There is an upward only rent review and tenant’s option to break the lease on 5 December 2024.
9A Battle Hill is let to private individuals trading as Stalida Greek Taverna, for a term of 10 years expiring 7 April 2026, at a passing rent of £13,500 per annum.
The first floor flat is let to a private individual on an Assured Shorthold Tenancy at a rent of £5,700 per annum
Accommodation
The following measurements have been obtain from the Valuation Office Agency assessment.
Ground floor shop Total area 117.40 sq m (1,264 sq ft)
Restaurant Ground floor 38.40 sq m (413 sq ft)
First floor 117.20 sq m (1,262 sq ft)
Total 155.60 sq m (1,675 sq ft)
9-9A Battle Hill, Hexham, Northumberland NE46 1BA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hexham Station0.4 miles
- Corbridge Station3.3 miles
Notes
Disclaimer - Property reference 194-18724. 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 Savills Auctions, 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.
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 Savills Auctions, London on 020 3909 6715.
*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.”
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