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Floorplan
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    Key features

    • To be offered on Wednesday 10 December
    • Retail investment
    • Comprises ground floor retail shop t/a book store
    • VAT is NOT applicable to this property
    • Let until 2027
    • Investment let at £6,600 per annum (12% GIY on guide price).

    Description

    A mid terrace retail investment opportunity. Comprising a retail store at ground floor trading as a book store. Investment fully let at £6,600 per annum (% GIY on guide price)

    Located in Haltwhistle, Northumberland

    Additional information

    Tenure

    999 years from completion at peppercorn ground rent

    Accommodation

    Ground Floor Shop No.1: Open plan retail, storage, office, toilet

    Approximately 55 sq m (592 sq ft)

    Tenancy

    Shop No.1 is at present let to Haltwhistle Partnership Ltd t/a Charity for a term of 3 years from 1st April 2024 at a current rent of £6,600 p.a. and the lease contains full repairing and insuring covenants. 

    Rent

    £6,600 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.

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      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

      Haltwhistle is an attractive town situated on the A69 trunk road between Carlisle (21 miles) and Newcastle-upon-Tyne (36 miles). The town benefits from a railway station and is on the Carlisle to Newcastle line. The town is popular with tourists principally due to the close proximity to Hadrian’s Wall and the Pennine Way, which runs through the town. The property is situated in a prominent corner position on Westgate, which is the town’s main shopping street, at its junction with Aesica Road. Occupiers close by include Boots, Save the Children, Co-op Supermarket and the library with adjacent public car park.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      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