Floorplan
MapRetail property (high street) for sale
Features and description
- Being Sold via Secure Sale Online Bidding. Terms & Conditions apply.
- Retail Space
- 2,606 sq ft across both retail units
- Town Centre Location
- Grade II Listed
Video tours
Pattinson welcome to the market this historic freehold, Georgian Grade II Listed building, currently being used as a retail space, set over 3 floors, with multiple rooms which can be utilised as shop floor space or storage space. There is a separate retail unit on the ground floor, which is currently tenanted at £750pcm. The upper floors are currently leased to an antiques trader, but the lease agreement is coming to an end at the end of January.
The retail space boasts a total internal space of 2,606 sq. ft. with the retail store occupying 929 sq. ft. across the basement and ground floor, and the antique store occuping 1,677 sq. ft. across the ground, first and second floors. This building presents a perfect opportunity to continue as a retail unit, with the quirks that come with a building of this age, or there could be potential to develop the second floor residential apartments (subject to the relevant planning permissions being granted), planning has been granted to convert the second floor unit into residential under the reference 18/03506/FUL.
Market Place is located central to the town, and is overlooked by Hexham Abbey and opens out on to Hexham Shambles which has recently been renovated and provides a good space for independent retailers to sell their goods. Along with the range of cafes, restaurants, shops and bars, this increases footfall to the area, which will help attract custom.
Hexham is well connected, with road access via the A69, a range of public parking which is free if you have a parking disc, the mainline train station and the large bus concorse both granting travel East and West to Newcastle and Carlisle.
Please contact our Hexham office to arrange a viewing.
Rooms
Information
The property is within the Northumberland County Council boundary and is Grade II Listed.
Utilities
The building was rewired in 2014, and has a current, valid EICR. The property has electric heating in some of the rooms, with wiring in place for electric radiators throughout the property. There is a gas supply to the property, but it has been capped off by the current owners.
There is one parking space available to the rear of the property.
Rateable Value
Current rateable value £10,250 (1 April 2023 to present).
Sourced from VOA.
Tenure
Freehold. Title number ND175886.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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