**GUIDE PRICE £325,000+**
FOR SALE BY ONLINE AUCTION 9TH - 11TH MARCH
FOR LEGAL PACK AND TO REGISTER PLEASE VISIT AUCTIONHOUSE.CO.UK/NORTHEAST
Description
**GUIDE PRICE £325,000+**
FOR SALE BY ONLINE AUCTION 9TH - 11TH MARCH
FOR LEGAL PACK AND TO REGISTER PLEASE VISIT AUCTIONHOUSE.CO.UK/NORTHEAST
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.
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
Additional Fees
Administration Charge: £1,200.00
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.
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- 6 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
View a virtual tour
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