Hexham, 9 Priestpopple
Hexham, 9 Priestpopple

LOCATION
Hexham is a popular and affluent Northumberland market town, situated approximately 21 miles west of Newcastle and 35 miles east of Carlisle.

The principal focus of retail activity is the pedestrianised Fore Street with occupiers including BealesDepartment Store, Waterstones, EWM, Fat Face and CafféNero.

The subject property is situated on the south side of Priestpopplewhich is a busy thoroughfare to the south of Fore Street.  The former bus station is immediately adjacent to the property and this has been earmarked as a major redevelopment site.  

DESCRIPTION
The property comprises a ground floor retail unit forming part of a three storey prominent corner building.  The upper floors are in residential use.

The accommodation consists of a sales area which benefits from a return frontage, storage area and staffroom/WC.  Access for deliveries is available from the side, into the rear store.

ACCOMMODATION
The net internal areas are as follows:

Sales  44.94 m² (484 ft²)
Storage 12.00 m² (129 ft²)
Staff      4.10 m²   (44 ft²)
Total       61.04 m²    (657 ft²)

PLANNING
We understand that the unit benefits from an existing Class A1 (retail) consent. 

Interested parties should, however, make their own enquiries with Northumberland Council (0345 600 6400).

RATING
According to the Valuation Office Agency website the property has a Rateable Value of £20,250 in the 2017 Rating List. 

Interested parties should make their own enquiries in respect of rates payable

EPC RATING
The unit is assessed within Band E (112).  A full copy of the Certificate is available.

LEASE TERMS

The property is available by way of a new full repairing and insuring lease. 

RENT
£17,500 per annum exclusive, subject to contract.

MONEY LAUNDERING
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.

LEGAL COSTS
Each party will be responsible for their own costs in the transaction.

VAT
All rents, premiums and purchase prices quoted are exclusive of VAT. All offers are to be made to Gavin Black & Partners on this basis and, where silent, offers will be deemed net of VAT.

 

 

 

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