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Front Street, Prudhoe, Northumberland, NE42

£85,000

£35.05 per sq ft

Business rates & charges may apply

Youngs RPS Limited, Newcastle
SIZE AVAILABLE

2,425 sq ft

225 sq m

SECTOR

Commercial development for sale

Description

Upper floors development opportunity
Planning permission for 4 flats in Tyne Valley town

LOCATION

Prudhoe is a semi-rural town located in the Tyne Valley, approximately 11 miles west of Newcastle upon Tyne. Prudhoe railway station provides regular direct services to Newcastle upon Tyne, Hexham, and Carlisle, offering easy access to major destinations across the North East and beyond. The A695 runs through the town, connecting to the A1 and A69, ensuring convenient routes to Newcastle, Gateshead, and the wider region. The subject property is located on Front Street, in a prominent position above Kings Barbers and TVT Appliance Centre.

DESCRIPTION

The subject property comprises the first and second floors above units 5 and 6 Front Street, within a mid-terrace property featuring brick elevations with a pitched tile roof. The site is somewhat sloping, and access is provided at ground floor level off Front Street, and lower ground level via the rear of the property. Internally the accommodation provides an access point and storage to the lower ground floor, stairwell to the ground floor, with numerous rooms of various sizes over the first and second floors. The property is currently used for storage purposes.

ACCOMMODATION

We have measured the property as providing the following gross internal floor areas:

Lower ground floor

31.19 sq m(336 sq ft)

First floor

115.81 sq m (1247 sq ft)

Second floor

78.33 sq m(843 sq ft)

Total

225.33 sq m(2425 sq ft)

PLANNING

On 15 April 2025 planning permission was granted to convert the upper floors to residential use, providing 4x flats and a dormer to the rear. Proposed plans detail a communal storage area to the lower ground floor, 2x one bedroom flats to the first floor, and 2x one bedroom flats to the second floor. Application 24/04347/FUL refers. Copies of planning documents and approved plans/drawings are available on request

TENANCIES

The upper floors are currently occupied by a local charity- a theatre group- who are using the space for storage purposes, at a rent of £2,520 per annum. We understand that the tenant will vacate if given three months' notice by the landlord.

TENURE

A new long leasehold interest will be created for a term of years to be agreed at a peppercorn rent.

PRICE

The property is available for sale, subject to vacant possession being obtained and with the benefit of the planning approval, at £85,000.

VAT

The property is not registered for VAT and VAT will not be payable on the sale price.

BUSINESS RATES

The property is assessed for Business Rates as follows: Description: Offices & Premises Rateable Value: £2,650

VIEWING

Strictly by appointment by sole agents youngsRPS. Contact Paul Fairlamb or Chris Pattison on Tel:

LEGAL COSTS

Each party to bear their own legal costs.

LOCAL AUTHORITY

Northumberland County Council, County Hall, Morpeth, NE61 2EF. Tel: All figures quoted above are exclusive of VAT where chargeable. ENERGY PERFORMANCE CERTIFICATE The property has an EPC Rating of D-100. A copy of the Energy Performance Certificate and Recommendation Report is available on request.

Brochures

Front Street, Prudhoe, Northumberland, NE42

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Prudhoe Station0.6 miles
  • Wylam Station1.8 miles
  • Stocksfield Station2.8 miles

About Youngs RPS Limited, Newcastle

23 Grey Street, NE1 6EE

We offer commercial property development, management, landlord & tenant, and valuation services. We pride ourselves in being local commercial surveyors and in our knowledge of the local market. Between the team, we have over 125 years of commercial property experience across the North of England. We work with our in-house rural, residential, and development teams to bring you innovative results.

Notes

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Disclaimer - Property reference NEW260023. 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 Youngs RPS Limited, Newcastle. 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.