Grocery & Local Shops for sale in Prudhoe, UK

Commercial Property in Prudhoe available for sale

Grocery & Local Shops for Sale Within 10 miles of the Prudhoe, UK

9 Battle Hl

Hexham, NE46 1BA

Retail for Sale
£160,000
1,168 sq ft
1 Unit Available

24 Hour Access

Hexham Retail for Sale

Investment Consideration: Gross Initial Yield: 8.44% Rental Income: £13,500 p.a. VAT is NOT applicable to this property Comprises ground floor restaurant with ancillary accommodation at first floor Rent review is outstanding from 8th April 2021 Tenant break option in 2021 NOT exercised Located on Battle Hill, which forms part of the main vehicular route through Hexham town centre, with occupiers nearby including Post Office, HSBC, Greggs and more. Tenancy: The property is at present let to an Individual t/a Greek Restaurant for a term of 10 years from 8th April 2016 at a current rent of £13,500 per annum and the lease contains full repairing and insuring covenants. Rent review is outstanding from 8th April 2021. Tenant break option in 2021 NOT exercised. Lease within the Landlord and Tenant Act 1954. Tenure: Long leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.

Contact:

Blue Alpine Partners Ltd

Property Subtype:

Shopfront

Date on Market:

20/05/2025

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More details for 100-106, Newcastle Upon Tyne - Retail for Sale

Hanover Mill - 100-106

Newcastle Upon Tyne, NE1 3RF

Retail for Sale
£185,000
1,376 sq ft
1 Unit Available

Energy Performance: D
Air Conditioning
Security System

Newcastle Upon Tyne Retail for Sale - Newcastle City Core

Long leasehold interest in the property, subject to the existing tenancy is available at £185,000. A sale at the asking price would equate to a gross initial yield of 9.81%. The property is held by way of a long leasehold interest of 999 years beginning on 16 November 2017 at a peppercorn rent.