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COMMERCIAL

Market Place, Corbridge, Northumberland, NE45

From
£1,250,000
youngsRPS, Hexham
PROPERTY TYPE

Shop

SIZE

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Key features

  • Shops and First Floor Offices
  • Residential Accomodation
  • Popular and Affluent Village Location
  • Prime Market Place Position
  • Opportunity for Income Generation and Value Enhancement

Description

Prominently located within the heart of Corbridge’s market place, this attractive mixed-use property comprises a combination of retail, office and residential accommodation, together with a development opportunity, offering both immediate income and future asset management potential.

The subject property comprises a part-rendered, mid-terraced building of traditional stone
construction beneath a pitched slate roof, with extensions to the rear. A central ginnel
provides access through to a rear courtyard. The property is arranged to provide a number
of retail, office and residential elements as follows:

15 Market Place – Ground Floor Retail (Let to Finest Properties)
Comprising a ground floor retail unit with ancillary office accommodation above. The unit
benefits from a single glazed timber framed shop front with recessed entrance. Internally, the accommodation has been refurbished to a good standard and provides a front retail area with offices to the rear, together with a kitchen, WC with wash hand basin and rear lobby at ground floor level, and a first floor office.

17 Market Place – Ground Floor Retail (Vacant)
A ground floor retail unit with single glazed timber framed shop front. The accommodation is arranged as an open plan sales area with laminate flooring, plastered walls and ceilings, and surface mounted lighting. A small WC with wash hand basin is located to the rear.

17 Market Place – First & Second Floor Offices (Let to Finest Properties)
Self-contained office accommodation accessed from the rear courtyard, arranged over
first and second floors. The space has been refurbished to a good standard.

First Floor Flat (Vacant)
Accessed from the courtyard, the flat comprises a master bedroom with en-suite shower room, second double bedroom, bathroom, lounge and kitchen/diner. The property benefits from gas fired central heating and is presented in good order, with views over the market place.

Three Bedroom Semi-Detached Cottage (Vacant)
A two-storey, stone-built cottage beneath a pitched slate roof. The accommodation
comprises hallway, living room and kitchen/diner at ground floor level, with three bedrooms and a bathroom to the first floor. The property benefits from gas fired central heating, a fitted kitchen with integral appliances, and a lounge with direct access to a small terrace. The cottage is currently vacant and presented in good condition.
Partially Constructed Detached Dwelling
A partially constructed three-storey detached dwelling situated on a sloping site with views towards the river. Constructed of blockwork beneath a flat roof, the property has double glazed aluminium framed windows and doors installed. The accommodation is arranged over lower ground, ground and first floors. Approved plans indicate a ground floor dining kitchen opening onto a patio, with utility/WC; a first floor lounge with balcony, WC and storage; and upper floor bedrooms including a principal bedroom with walk-in wardrobe and en-suite. Internal partitioning to the upper floor has been
completed, together with first fix electrical installation.

Vehicular access is provided via a passage between the retail units, leading beneath the
flat into a rear courtyard, which provides bin storage and circulation space.

ACCOMODATION

15 Market Place – Shop/office (Occupied by Finest Properties) Net Internal Areas: 107.16 sq m (1154 sq ft) 17 Market Place - Ground floor shop (Vacant) Net Internal Area: 61.64 sq m (663 sq ft) 16a Market Place - Office (Occupied by Finest Properties) Net Internal Area: 58.27 sq m (628 sq ft) 16 Market Place - Residential Flat (Vacant) Net Internal Area: 99.48 sqm (1071 sqft) The flat accomodation is arranged as follows: Entrance Hallway and stairs leading to: Lounge Kitchen with dining area Bathroom Double Bedroom with bath, shower cubicle wc and wash hand basin. Double bedroom with ensuite shower room Three Bedroom Semi-detached Cottage (Vacant) Gross internal area of 92.91 sq m (1,000 sq ft) The cottage accommodation is arranged as follows: Ground floor Hallway leading to: Living room Kitchen/dining room with fitted kitchen and integral fittings W.C. with wash handbasin First floor Hallway leading to: Double bedroom Single bedroom Double bedroom Bathroom with (truncated)

TENANCIES

We understand there are no formal written tenancy agreements in place and have been advised of the following: 15 Market Place is let to Finest Properties and that they have been in occupation since December 2021 at a rent of £1,500 per calendar month. We understand 16a Market Place (offices) have been let to Finest Properties since February 2013 at a rent of £600 per calendar month. All other parts of the property are offered with vacant possession. The occupying business is unaffected by the sale of the property.

RATEABLE VALUE/COUNCIL TAX

15 Market Place, Corbridge Description: Shop & Premises Rateable Value: £17,750 16a Market Place, Corbridge Description: Offices and Premises Rateable Value: £5,300 17 Market Place, Corbridge Description: Shop & Premises Rateable Value: £16,000 15 Market Place, Corbridge Description: Residential Flat Council Tax Band: D Cottage to the Rear Description: Residential Flat Council Tax Band: D Note: The Council Tax Listings are not definitive and are subject to further clarification. All figures quoted above are exclusive of VAT where chargable.

ENERGY PERFORMANCE CERTIFICATE

15 Market Place C55 17 Market Place C58 16a Market Place D88 16 Market Place D60 17a Market Place C71 A copy of the EPC is available on request.

LOCAL AUTHORITY

Northumberland County Council, County Hall, Morpeth, NE61 2EF. .

LEGAL COSTS

Each party is to bear their own legal costs.

VIEWING

For further information or viewing arrangements, please contact the joint selling agents: Paul Fairlamb youngs RPS Email: paul. Paul Diakiw Walker Singleton Email: paul.

Brochures

Particulars

Market Place, Corbridge, Northumberland, NE45

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Corbridge Station0.6 miles
  • Riding Mill Station2.6 miles
  • Hexham Station3.0 miles
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About youngsRPS, Hexham

Priestpopple Hexham NE46 1PS
Industry affiliations:

Trusted Estate Agents, Exceptional Service, Homes That Sell

We know how important it is to choose an estate agent you can truly trust. At youngsRPS Hexham, we go above and beyond to exceed your expectations with clear, consistent communication, expertly crafted marketing, and the care and attention of a team who make every client feel at home.

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Disclaimer - Property reference HEX260158. 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 youngsRPS, Hexham. 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.

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