Property photos
£55,000
(£92.91/sq. ft)
Retail premises for sale
Westgate, Haltwhistle NE49592 sq. ft
Local area information
Property location
Nearby amenities
- Haltwhistle 0.2 miles
- Haltwhistle First Academy 0.3 miles
- Haltwhistle Middle Academy 0.3 miles
- Bardon Mill 4.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Investment Consideration:
Gross Initial Yield: 9.43%
Rental Income: £6,600 p.a.
VAT is not applicable to this property
Comprises ground floor double fronted retail shop t/a Book Shop
Nearby occupiers include Boots and Co-op Food, amongst many more.
Property Description:
Comprises double fronted retail shop t/a Book Shop, providing the following accommodation and dimensions:
Ground Floor: 55 sq m (592 sq ft)
Open plan retail, storage, office, wc
Tenancy:
The property is at present let to Haltwhistle Partnership Ltd t/a Book Shop for a term of 3 years from 1st April 2024 at a current rent of £6,600 p.a. And the lease contains full repairing and insuring covenants. Tenant option to determine at any time with min 1 month notice.
Tenure:
Virtual Freehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
Location:
Haltwhistle is an attractive town situated on the A69 trunk road between Carlisle (21 miles) and Newcastle-upon-Tyne (36 miles). The town benefits from a railway station and is on the Carlisle to Newcastle line. The town is popular with tourists principally due to the close proximity to Hadrian’s Wall and the Pennine Way, which runs through the town. The property is situated in a prominent corner position on Westgate, which is the town’s main shopping street, at its junction with Aesica Road. Occupiers close by include Boots, Save the Children, Co-op Supermarket and the library with adjacent public car park.
Gross Initial Yield: 9.43%
Rental Income: £6,600 p.a.
VAT is not applicable to this property
Comprises ground floor double fronted retail shop t/a Book Shop
Nearby occupiers include Boots and Co-op Food, amongst many more.
Property Description:
Comprises double fronted retail shop t/a Book Shop, providing the following accommodation and dimensions:
Ground Floor: 55 sq m (592 sq ft)
Open plan retail, storage, office, wc
Tenancy:
The property is at present let to Haltwhistle Partnership Ltd t/a Book Shop for a term of 3 years from 1st April 2024 at a current rent of £6,600 p.a. And the lease contains full repairing and insuring covenants. Tenant option to determine at any time with min 1 month notice.
Tenure:
Virtual Freehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
Location:
Haltwhistle is an attractive town situated on the A69 trunk road between Carlisle (21 miles) and Newcastle-upon-Tyne (36 miles). The town benefits from a railway station and is on the Carlisle to Newcastle line. The town is popular with tourists principally due to the close proximity to Hadrian’s Wall and the Pennine Way, which runs through the town. The property is situated in a prominent corner position on Westgate, which is the town’s main shopping street, at its junction with Aesica Road. Occupiers close by include Boots, Save the Children, Co-op Supermarket and the library with adjacent public car park.
More information
Listed by
Blue Alpine Partners
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