No longer on the market
This property is no longer on the market
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Area stats2 bedroom property
Key information
Features and description
- Substantial mixed use property
- Ground floor retail/office accommodation
- 4x apartments (2x studio, 2x 2 bed)
- Potential for further development (STPP)
- Current annual income of £22,500
- Freehold title
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We are pleased to offer to auction this substantial mixed use three storey, four floor property, excellently located along Fenkle Street, Alnwick, Northumberland. The property briefly comprises a ground floor office unit, 2x studio apartments, 2x two bedroom apartments, plus storage to the basement and attic offering great potential for further development (STPP). Currently, the shop and 3x apartments are tenanted, generating an annual income of £22,500, with potential to increase to £27,300 when fully let.
Rooms
Location
The subject property is well located along Fenkle Street, Alnwick. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 0.4 miles from Alnwick town centre and approximately 34.6 miles from Newcastle city centre.
Accommodation
GROUND FLOOR
Retail unit:
Room 1 (3.1m x 4.3m)
Kitchen (2.9m x 4.3m)
Meeting Room (5.9m x 4.9m)
Flat - 2 Blacks Building Cottage:
X3 rooms
W.C.
FIRST FLOOR
Flat C:
X3 rooms
W.C.
Flat A:
Room 1 (5.4m x 4.9m)
Room 2 (1.6m x 2.2m)
Room 3 (1.8m x 6.8m)
Room 4 (3.9m x 3.5m)
Room 5 (3.1m x 2.2m)
Room 6 (2.1m x 1.6m)
W.C. (0.9m x 2.3m)
SECOND FLOOR
Flat B:
Room 1 (5.4m x 4.9m)
Room 2 (1.6m x 2.2m)
Room 3 (1.8m x 6.8m)
Room 4 (3.9m x 3.5m)
Room 5 (3.1m x 2.2m)
Room 6 (2.1m x 1.6m)
W.C. (0.9m x 2.3m)
ATTIC
Empty space with potential for conversion (STPP).
Lease Details
We are advised that the units are let as follows:
Shop - £625pcm
Flat A - £450pcm
Flat B - £450pcm
Flat C - £350pcm
2 Blacks Building Cottage - currently vacant, potential for £350pcm
Basement - The current owner rents to themselves at £50pcm.
This totals a current annual income of £22,500, with potential to increase to £27,300pa when fully let. Please refer to the legal pack for tenancy information.
Tenure
Freehold. Title number ND156458.
Rateable Value
The adopted rateable value is £8,000 as of 1st April 2017.
Sourced from VOA.
Council Tax
Flat A: band A.
Flat B: band A.
Flat C: band A.
2 Blacks Building Cottage: band A.
EPC
Flat A - Available upon request (rating E)
Flat B - Available upon request (rating E)
Flat C - Available upon request (rating E)
Flat D - Available upon request (rating E)
Shop - Available upon request (rating C)
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