Bondgate Within, Alnwick

Location:

Alnwick is an affluent market town approximately 33 miles north of Newcastle upon Tyne and 18 miles north of Morpeth. The town is easily accessed from the A1 motorway which lies immediately to the east of town. Alnwick benefits from a strong rural catchment as well as being a thriving international tourism destination, with the development of Alnwick Gardens dramatically increasing tourist numbers to the town. The property is located on a prime retail pitch within the town centre of Alnwick on Bondgate Within, which is a well-established location benefitting from high levels of footfall. The street enjoys a vibrant mix of occupiers including longstanding successful local businesses and larger national retailers.

The property comprises a ground floor retail unit with public car parking available outside the premises.

Internally the property is finished to a good standard with open plan retail space with WC and staff area.

The Net Internal Area of the property is 61.7 sq m (665 sq ft).

Investment Summary
The property is let to CCHG Ltd, which trades as VPZ on a 5-year fully repairing and insuring lease until 2030.

VPZ are the largest independent chain of electronic cigarettes stores in UK. The company currently operates from over 180 stores and in December 2024 reported an operating profit of £6.1m.

The lease contains rent review and break clauses on each third anniversary of the term. The current passing rent is £18,000 per annum. Further details can be provided upon request.

The business does not form part of the sale and will remain unaffected by the sale of the property.

EPC
The property has an EPC rating of D valid until 2032.

Rating Assessment
The rateable value of the premises as of 1 April 2026 is £12,500 and the estimated rates payable for the current year is £5,400. This is based on the standard Small Business Rates of 43.2p in the pound, however, interested parties should confirm with the local authority.