From
£250,000
Property for saleBattle Hill, Hexham NE46
Auction
About this property
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).
Strapline
Auction Sale - 01/10/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
A mid terrace mixed use investment opportunity.
Comprising a retail store at ground floor level and a restaurant and one bedroom flat on the first floor.
Investment fully 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.
Location
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
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
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)
Auction Sale - 01/10/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
A mid terrace mixed use investment opportunity.
Comprising a retail store at ground floor level and a restaurant and one bedroom flat on the first floor.
Investment fully 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.
Location
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
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
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)
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