Guide price
£160,000
Restaurant for saleClayport Street, Alnwick NE66
About this property
Excellent Public Transport Links
Highly Sought After Central Town Location
Recent Lease Achieved 9% Gross Yield.
Development Potential STPP
Summary
For sale by on-line auction: Fees apply
We are pleased to offer to auction this substantial mixed-use premises, superbly located on the vibrant Clayport Street in the heart of Alnwick town centre. The property has most recently operated as a successful Chinese takeaway, benefitting from a prominent position close to other commercial outlets and just a short distance from key local amenities.
Alnwick is a thriving tourism and heritage hub, renowned for Alnwick Castle (a Harry Potter filming location) and The Alnwick Garden, attracting year-round visitors. The town centre has a traditional layout with a strong sense of community and boasts a mix of national retailers, local independents, cafes, restaurants, and service providers. It has consistently ranked as one of the best places to live in the North of England due to its combination of character, convenience, and quality of life.
Property overview
The premises extend to approximately 1,800 sq ft across two floors. The ground floor comprises a commercial takeaway space, including:Two kitchen areas; Cloakroom WC; Seating/waiting area
The first floor offers additional space which, subject to the relevant local authority consents, could be reconfigured into a spacious two/three-bedroom apartment - presenting excellent scope for development and value enhancement. The premises were most recently leased at 1,350 per calendar month, with the lease expiring in May 2025 which represents a 9% yield on investment. The property is offered with vacant possession. With a simple 2/3 bedroom flat converted above the property offers great potential investment yield especially located in such a sought after town.
Location & amenities
Alnwick is a sought-after Northumberland market town steeped in history and charm. It offers a range of excellent local amenities, including:
Transport links are strong, with Alnmouth Railway Station located approximately 4 miles away, offering direct train services to Edinburgh and London Kings Cross, making this an excellent location for commuters or visitors. Additionally there is a good public bus service with buses to Berwick and Newcastle and surrounding villages
Primary services supply
Electricity: Mains
Water: Mains
Sewerage: Mains
Heating: Mains
Broadband: Fibre available
Mobile Signal Coverage Blackspot: No
Parking: On-street
Mining
The property is not known to be on a coalfield and is not known to be directly impacted by mining activity. While the North East is renowned for its mining heritage, conveyancer confirmation is advised.
Tenure
Freehold
early viewing is strongly advised to avoid disappointment
Location And Connectivity
Location & connectivity
Alnwick is a historic and picturesque market town in Northumberland, located approximately 32 miles north of Newcastle upon Tyne and 5 miles inland from the North Sea coast.
By Road: Alnwick is directly accessed via the A1 dual carriageway, with a dedicated junction that brings you into the town via the A1068 or B6341. The A1 provides fast and direct access both north toward Berwick-upon-Tweed and the Scottish Borders, and south to Newcastle, Morpeth, and Durham. By Rail: The nearest mainline station is Alnmouth for Alnwick, approximately 4 miles to the east, easily accessible by car or local bus. The East Coast Main Line offers direct rail services to Edinburgh, Newcastle, York, and London King's Cross. By Air: Newcastle International Airport is about 35 miles to the south, reachable in 45 minutes by car, offering domestic and international flights.
Local Amenities
Alnwick offers a range of excellent local amenities, including:
Alnwick Infirmary - a Minor Injuries Hospital with community health services
Supermarkets such as Morrisons, Sainsbury's, Lidl, and Marks & Spencer Food Hall
Educational facilities, from primary to secondary level
A bustling town centre with independent shops, cafes, and restaurants
Nearby tourist attractions include Alnwick Castle and The Alnwick Garden
Property Overview
The premises extend to approximately 1,800 sq ft across two floors.
The ground floor comprises a commercial takeaway space, including: Two kitchen areas; Cloakroom WC; Seating/waiting area.
The first floor offers additional space which, subject to the relevant local authority consents, could be reconfigured into a spacious two/three-bedroom apartment - presenting excellent scope for development and value enhancement.
Tenure
Freehold titles- Title reference numbers ND193207 & ND113528. Lease expired earlier this year
Rateable Value
Current rateable value (1 April 2023 to present)
11,250
Council Tax Band
Council tax band for flat at 8 Clayport street. Band A
EPC
Available upon request (Rating C).
Further Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Investment Potential
A terrific investment opportunity, with potential to convert the upper floors for residential use while maintaining the profitable commercial use below. With a previously achieved rent of 1,350 pcm, the property offers excellent rental yield potential upon re-letting or redevelopment.
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 of 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.
For sale by on-line auction: Fees apply
We are pleased to offer to auction this substantial mixed-use premises, superbly located on the vibrant Clayport Street in the heart of Alnwick town centre. The property has most recently operated as a successful Chinese takeaway, benefitting from a prominent position close to other commercial outlets and just a short distance from key local amenities.
Alnwick is a thriving tourism and heritage hub, renowned for Alnwick Castle (a Harry Potter filming location) and The Alnwick Garden, attracting year-round visitors. The town centre has a traditional layout with a strong sense of community and boasts a mix of national retailers, local independents, cafes, restaurants, and service providers. It has consistently ranked as one of the best places to live in the North of England due to its combination of character, convenience, and quality of life.
Property overview
The premises extend to approximately 1,800 sq ft across two floors. The ground floor comprises a commercial takeaway space, including:Two kitchen areas; Cloakroom WC; Seating/waiting area
The first floor offers additional space which, subject to the relevant local authority consents, could be reconfigured into a spacious two/three-bedroom apartment - presenting excellent scope for development and value enhancement. The premises were most recently leased at 1,350 per calendar month, with the lease expiring in May 2025 which represents a 9% yield on investment. The property is offered with vacant possession. With a simple 2/3 bedroom flat converted above the property offers great potential investment yield especially located in such a sought after town.
Location & amenities
Alnwick is a sought-after Northumberland market town steeped in history and charm. It offers a range of excellent local amenities, including:
Transport links are strong, with Alnmouth Railway Station located approximately 4 miles away, offering direct train services to Edinburgh and London Kings Cross, making this an excellent location for commuters or visitors. Additionally there is a good public bus service with buses to Berwick and Newcastle and surrounding villages
Primary services supply
Electricity: Mains
Water: Mains
Sewerage: Mains
Heating: Mains
Broadband: Fibre available
Mobile Signal Coverage Blackspot: No
Parking: On-street
Mining
The property is not known to be on a coalfield and is not known to be directly impacted by mining activity. While the North East is renowned for its mining heritage, conveyancer confirmation is advised.
Tenure
Freehold
early viewing is strongly advised to avoid disappointment
Location And Connectivity
Location & connectivity
Alnwick is a historic and picturesque market town in Northumberland, located approximately 32 miles north of Newcastle upon Tyne and 5 miles inland from the North Sea coast.
By Road: Alnwick is directly accessed via the A1 dual carriageway, with a dedicated junction that brings you into the town via the A1068 or B6341. The A1 provides fast and direct access both north toward Berwick-upon-Tweed and the Scottish Borders, and south to Newcastle, Morpeth, and Durham. By Rail: The nearest mainline station is Alnmouth for Alnwick, approximately 4 miles to the east, easily accessible by car or local bus. The East Coast Main Line offers direct rail services to Edinburgh, Newcastle, York, and London King's Cross. By Air: Newcastle International Airport is about 35 miles to the south, reachable in 45 minutes by car, offering domestic and international flights.
Local Amenities
Alnwick offers a range of excellent local amenities, including:
Alnwick Infirmary - a Minor Injuries Hospital with community health services
Supermarkets such as Morrisons, Sainsbury's, Lidl, and Marks & Spencer Food Hall
Educational facilities, from primary to secondary level
A bustling town centre with independent shops, cafes, and restaurants
Nearby tourist attractions include Alnwick Castle and The Alnwick Garden
Property Overview
The premises extend to approximately 1,800 sq ft across two floors.
The ground floor comprises a commercial takeaway space, including: Two kitchen areas; Cloakroom WC; Seating/waiting area.
The first floor offers additional space which, subject to the relevant local authority consents, could be reconfigured into a spacious two/three-bedroom apartment - presenting excellent scope for development and value enhancement.
Tenure
Freehold titles- Title reference numbers ND193207 & ND113528. Lease expired earlier this year
Rateable Value
Current rateable value (1 April 2023 to present)
11,250
Council Tax Band
Council tax band for flat at 8 Clayport street. Band A
EPC
Available upon request (Rating C).
Further Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Investment Potential
A terrific investment opportunity, with potential to convert the upper floors for residential use while maintaining the profitable commercial use below. With a previously achieved rent of 1,350 pcm, the property offers excellent rental yield potential upon re-letting or redevelopment.
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 of 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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