Excellent freehold Hexham town centre Mixed-use investment property comprising retail unit and four flats

A rare investment opportunity comprising a retail unit and four flats in central Hexham. The building is fully let and offers a combined rental return total of £34,020 PA, increasing to £34,900 PA in 2023. Representing a return of over 10.5 -10.7% on guide. The Retail Unit is currently let to Cancer Research on a 10 year lease and all four flats are let on ASTs.

Tenure

Freehold

Flat 1

Living room 15'11 Night Storage Heater Dining Kitchen 13'7 x 11'4 Range of Wall and floor units, sink and drainer, Night storage heater. Bedroom 11'9 x 11'7 Night Storage Heater Bedroom 11'7 x 11'1 Night storage heater Bathroom 8'5 x 6'8: Bath with shower over, hand basin, WC, Heated Towel Rail

Flat 2

Living Kitchen 13'7 x 10'11: Range wall and floor units, sink and drainer, Night storage heater, Double Glazed windows Bedroom 11'1 x 8'6: Built in Wardrobe, Night Storage Heater, Double Glazed window. Bathroom: 8'2 x 8'4: Bath with shower over, hand basin, WC, Heated towel rail, Double glazed window

Retail Unit

Shop floor 30'3 x 17'9 Storage room 17'9 x 16'10 Office Staff Kitchen 12'9 x 5'6 Staff Toilet 12'9 x 4'6

Flat 3

Living room 15'11 Night Storage Heater Dining Kitchen 13'7 x 11'4 Range of Wall and floor units, sink and drainer, Night storage heater. Bedroom 11'9 x 11'7 Night Storage Heater Bedroom 11'7 x 11'1 Night storage heater Bathroom 8'5 x 6'8: Bath with shower over, hand basin, WC, Heated Towel Rail

Flat 4

Living Kitchen 13'7 x 10'11: Range wall and floor units, sink and drainer, Night storage heater, Double Glazed windows Bedroom 11'1 x 8'6: Built in Wardrobe, Night Storage Heater, Double Glazed window. Bathroom: 8'2 x 8'4: Bath with shower over, hand basin, WC, Heated towel rail, Double glazed window

Energy Efficiency Rating (EPC)

Current Rating D D E E

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Northumberland County Council

Solicitors

Nicholson Portnell Solicitors, Priestpopple House, Hexham, NE46 1PL, Ref: Ashley Shepard, Tel: 01434 603656

Additional Fees

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.