Allendale Post Office & Village Store - Market Pl
Hexham, NE47 9AZ
- Retail for Sale
- £340,000
- 1,047 sq ft
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Retail Property for Sale near the Allendale Town, Hexham
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Retail Properties for Sale Within 10 miles of the Allendale Town, Hexham
FAQs about Retail property for sale in Allendale Town
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How many Retail Property listings are available for sale in Allendale Town?
There are currently 1 Retail Properties available for sale near Allendale Town.
These Allendale Town Retail Property listings have an average size of 1,047 sq ft.
The largest available listing in Allendale Town is 1,047 sq ft.
The thriving commercial centre and excellent transport links in Allendale Town make it an ideal location for businesses to find suitable Retail Property for sale.
How much does it cost to buy Retail Property in Allendale Town?
The average price/SF for Retail Property for sale in Allendale Town is about £242. The cost per sq ft for Retail Property in Allendale Town ranges from £242 to £242, depending on the location and the size of the property.
What factors could affect the prices of Retail Properties in Allendale Town?
Several factors can impact the price of Retail Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from £242 to £242 per square foot. While the average net initial yield for Retail Properties is.
What is the largest Retail Property available for sale in Allendale Town?
Currently, the largest Retail Property available to buy is 1,047 sq ft and the smallest is 1,047 sq ft. The average size of Retail Property available for sale in Allendale Town is approximately 1,047 sq ft.
What are the benefits of investing in retail property?
Retail property can offer long-term rental income, especially with established tenants. High street shops, shopping centres, and neighbourhood parades all offer opportunities for stable yields, with leases often structured on full repairing and insuring (FRI) terms.
What risks should I consider when buying retail property?
Risks include tenant turnover, void periods, changes in consumer habits, and local competition. Location is key—properties in well-trafficked or affluent areas tend to be more resilient to market shifts.
How does lease length affect retail property investment?
Longer leases (typically 5–15 years) can provide more predictable income. Some leases include upward-only rent reviews, which help protect returns over time. It's important to review break clauses and rent-free periods during due diligence.
What types of tenants occupy retail property?
Retail tenants include national chains, local independents, convenience stores, restaurants, salons, and service providers. National brands may offer greater covenant strength, while independents can offer flexibility and local appeal.
Do I need planning permission to change a retail property's use?
Most retail units now fall under Class E, which allows changes of use between shops, cafés, offices, and some medical or fitness uses without full planning permission. However, local restrictions or conservation areas may require additional consent.
Discover More Retail Properties for Sale in the Allendale Town, Hexham
With 1 retail units currently available for sale in Allendale Town, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in Allendale Town, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.
When purchasing a retail property in Allendale Town, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in Allendale Town can form a valuable part of a diversified investment portfolio.
- Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
- Tenant covenant: Assess trading history, sector resilience, and lease security
- Lease structure: Favour long-term FRI leases with upward-only rent reviews
- Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
- Rental yield & growth: Evaluate rent levels and local demand for retail space
- Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
- Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds
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