Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • To be offered on Tuesday 21 October
    • Mid terrace mixed use investment opportunity
    • Arranged over two floors
    • Retail store at ground floor level
    • Restaurant and one bedroom flat on the first floor
    • Investment let at £30,200 per annum (12% GIY on guide price).

    Description

    The property comprises a three-storey building comprising a retail store, restaurant and one bedroom flat arranged across ground and first floors. The property is located at the heart of Hexham.

    The property is fully let and producing a total rent of £30,200 per annum.

    Additional information

    Tenure

    Freehold

    Accommodation

    The following measurements have been obtain from the Valuation Office Agency assessment.


    Ground floor shop Total area 117.40 sq m (1,264 sq ft)


    Restaurant Ground floor 38.40 sq m (413 sq ft)


    First floor 117.20 sq m (1,262 sq ft)


    Total 155.60 sq m (1,675 sq ft)

    Tenancy

    The ground floor shop is let to Farplace Animal Rescue by way of a 10 year lease expiring 5 December 2029 at a current rent of £11,000 per annum. There is an upward only rent review and tenant’s option to break the lease on 5 December 2024.


    9A Battle Hill is let to private individuals trading as Stalida Greek Taverna, for a term of 10 years expiring 7 April 2026, at a passing rent of £13,500 per annum.


    The first floor flat is let to a private individual on an Assured Shorthold Tenancy at a rent of £5,700 per annum

    Rent

    £30,200 p.a

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Hexham is a thriving market town, lying adjacent to the A69 Trans-Pennine route, which provides access to the A1 trunk road some 20 miles to the east. Carlisle lies around 38 miles to the west and Newcastle upon Tyne City centre around 23 miles to the east. The property is located on Battle Hill, which forms part of the main vehicular route through Hexham town centre. Fore Street is located approximately 50 yards to the east. The property adjoins the Globe Inn, and is directly opposite the town’s Post Office.

      Transport

      Hexham - Northern Rail

      Legal documents

      Login to view legal documents

      EPC rating

      The EPC rating for this property is F

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums