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36A Fore St 3,086 sq ft Retail Property Hexham NE46 1LZ £415,000 (£134.48/sq ft) 7.68% Net Initial Yield
Investment Highlights
- Prime retail area
- Combined passing rent of £33,250 pa
- Good footfall
- High catchment area
- Town is receiving significant public and private investment
Executive Summary
Freehold investment opportunity on Fore Street, Hexham's pedestrianised prime retail pitch. The majority of this property is let to Nero Holdings Limited (Café Nero) on a new five-year full repairing and insuring lease from 19 May 2026 at a re-based rent of £27,250 per annum, with a tenant-only break option at year three.
The second unit is let as an independent phone repair and accessories shop producing £6,000 per annum on a lease expiring 31 July 2029. Both units have a combined passing rent of £33,250 per annum.
The second unit is let as an independent phone repair and accessories shop producing £6,000 per annum on a lease expiring 31 July 2029. Both units have a combined passing rent of £33,250 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
3,086 sq ft
Costar Property Class
B
Year Built
1880
Price
£415,000
Price per sq ft
£134.48
Yield
7.68%
NOI
£31,872
Tenancy
Single
Number of Floors
3
Plot ratio
1.00
Total Plot Size
0.07 ac
Frontage
10 ft on Fore Street
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 4
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36A Fore St
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