Commercial Property in NE46 available for sale
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Petrol Stations for Sale near NE46, Hexham

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Retail Properties for Sale Near the NE46, Hexham

More details for 9 Battle Hl, Hexham - Retail for Sale

9 Battle Hl

Hexham, NE46 1BA

  • Retail for Sale
  • £160,000
  • 1,668 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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