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  • For Sale By Unconditional Online Auction
  • Guide Price* : £325,000
  • Auction Ended 11/03/2021

Flats 1-4 and Shop 17 Priestpopple, Hexham, Northumberland, NE46 1PH

**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

Administration Charge

Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.

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* Guide | £325,000
  • 6 Bedrooms
  • Unconditional (Immediate Exchange)

Call the team on 0191 908 9691 for more information

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Related Documents

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.