Victoria Crescent, Alnwick, Northumberland, NE66 1RQ

An excellent opportunity to acquire a substantial mixed-use property in a prominent position within the historic market town of Alnwick, combining a former fish and chip shop with a spacious three-bedroom duplex apartment.

Occupying a highly visible position opposite the Co-op, the property benefits from passing traffic and regular footfall, making it an appealing proposition for investors or those looking to operate a business alongside residential accommodation. The property is conveniently positioned for a wide range of local amenities, including The Duchess’s Community High School, and is less than a 10-minute walk from Alnwick town centre.

The ground-floor commercial premises were most recently operated as a fish and chip shop and retain a traditional service counter together with preparation and ancillary areas. The accommodation provides an excellent opportunity for reinstatement as a food business or adaptation for alternative commercial uses, subject to any necessary planning permissions and consents.

The residential element comprises a generously proportioned three-bedroom duplex apartment with its own separate access, providing comfortable and versatile living accommodation and the potential to create an additional rental income stream alongside the commercial premises.

Externally, side access leads to a private garden area, providing useful outside space. A particular feature of the property is the substantial double garage, offering excellent storage or workshop potential, together with the possibility of generating further income, subject to any necessary permissions and consents.

Alnwick is one of Northumberland's best-known historic market towns, renowned for Alnwick Castle and The Alnwick Garden. The town offers an excellent range of everyday amenities alongside independent shops, cafés, restaurants and traditional pubs, as well as the renowned Barter Books. Its position provides convenient access to the Northumberland countryside and coastline, with popular destinations including Alnmouth, Warkworth, Craster, Seahouses and Bamburgh all within easy reach.

The A1 provides excellent road connections north towards Berwick and Edinburgh and south towards Morpeth and Newcastle upon Tyne. Alnmouth railway station is approximately three miles away and provides regular services along the East Coast Main Line, including direct connections to Newcastle, Edinburgh and London King's Cross.

Overall, the property represents an excellent investment opportunity, combining commercial and residential accommodation in a prominent Alnwick location with multiple potential income streams. When fully let, the property has the potential to generate a projected gross yield in the region of 9% to 10%, subject to achieved rents and the eventual purchase price, while also offering longer-term potential for an investor looking for a versatile mixed-use asset in this well-established Northumberland market town.

Council Tax Band: B
Tenure: Freehold