The Running Fox, Riverside, Felton, Northumberland

Investment Summary

This is an exceptional opportunity to acquire a detached freehold leisure investment located in a highly desirable and picturesque Northumberland village. The property is an attractive stone building prominently overlooking the River Coquet. It is fully let across two brand-new leases to established local operators, demonstrating significant tenant commitment. The highly regarded Running Fox Bakery accounts for 87% of the total income.

Location and Situation

Felton is a sought-after historic village strategically situated approximately 10 miles south of Alnwick and 24 miles north of Newcastle upon Tyne. The property occupies a commanding corner position on Main Street and Riverside, directly opposite the Northumberland Arms public house, which drives substantial local footfall. Ample free on-street parking is available immediately fronting the premises.

Accommodation

The building comprises approximately 2,032 sq ft (188.8 sq m) of well-appointed space across four levels:

Ground floor features a main coffee shop retail area, bakery, two kitchens, and customer seating. First floor provides additional seating for approximately 40 to 50 covers (total), a secondary kitchen, and public toilets. Second floor includes dedicated office and storage accommodation. Basement houses a specialised micro-brewery and pub area with both internal and independent external access. Externally there is a small front garden currently utilised for outdoor customer seating.

Tenancy Information

The Running Fox Bakery: Let on a new 5-year and 5-month lease from December 2025 at a rent of £27,000 per annum. The operator has multiple successful locations throughout Northumberland.

The Foxes Den Micro Brewery: Let on a new 5-year and 4.5-month lease from October 2025 at a rent of £4,200 per annum. The total passing rent is £31,200 per annum with a WAULT of 5.22 years to expiry and no break options. Both leases are held on effective Full Repairing and Insuring (FRI) terms.

Tenure & VAT

The property is held Freehold under title number ND151829. We understand the property is not elected for tax.

EPC

The property has an Energy Performance Certificate rating of C.

Proposal

We are instructed to seek offers in excess of £415,000 (Four Hundred and Fifteen Thousand Pounds). A purchase at this level reflects a Net Initial Yield of 7.21% after standard purchaser's costs of 4.27%