Property photos
Guide price
£260,000
Retail premises for sale
Bondgate Within, Alnwick, Northumberland NE66Local area information
Property location
Nearby amenities
- Swansfield Park Primary School 0.2 miles
- St Michael's Church of England Primary School 0.3 miles
- Alnmouth 3 miles
- Acklington 7.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Alnwick to find out more about the local area.
Features and description
- Prominent Market Town location
- Excellent Internal Specification
- Comprises 2,138 sq ft Over Ground & First Floors
- Asking Price £260,000
- Net initial yield of 9.36% after allowing for purchasers costs of 2.76%.
The ground floor area of the premises contains full window frontage with minimal recessed front door access.
Currently it is utilised as a retail shop as a hair studio with rear storage and w/c facilities.
The first-floor compromises further storage space and a small kitchen with ancillary staff area.
Description
The Subject Property comprises a mid-terrace property constructed of painted stone brickwork under a pitched tile roof. The ground floor area of the premises contains full window frontage with minimal recessed front door access. Currently it is utilised as a retail shop as a hair studio with rear storage and w/c facilities. The first-floor compromises further storage space and a small kitchen with ancillary staff area.
Accommodation
The property includes the following gross internal areas:
Gf Retail Shop 98 sq m / 1,054 sq ft
Office / Store 95 sq m / 1,022 sq ft
Total Net Internal Area 193 sq m / 2,073 sq ft
Overall Total NIA 193 sq m / 2,073 sq ft
Tenure
The property is held freehold under title number ND148778.
Tenancy information
The property is entirely let to Alnwick Studio Limited on a 8 year lease term from 28th August 2018, therefore expiring on 27th August 2026.
Rent is set at £24,000 per annum. At the time of writing, the current tenant is in negotiation to extend the current lease.
Rating assessment
The rating assessment currently appearing on the Valuation List is as follows:
2023 - £19,000
The Small Business Rate for the year 2024/2025 is 49.9 pence in the pound.
Anti-money laundering
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
Legal costs
Each party to bear their own legal costs incurred in the transaction.
Energy performance
An EPC has been commissioned and will be available shortly.
VAT
All figures are exclusive of VAT where chargeable.
WHAT3WORDS
Every three metre square of the world has been given a unique combination of three words. A free App is available for iOS and Android smartphones and using the unique sequence of words below you will be able to pinpoint this property.
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Proposal
Our client is seeking offers in the region of £260,000 (Two Hundred & Sixty Thousand Pounds) for their freehold interest subject to contract, which shows a net initial yield of 9.36% after allowing for purchasers costs of 2.76%.
Viewings
Viewings are strictly by prior appointment with GFW.
Important notice
Every care has been taken with the preparation of these particulars, but they are for general guidance only and complete accuracy cannot be guaranteed. If there is any point, which is of particular importance professional verification should be sought. All dimensions/boundaries are approximate. The mention of fixtures, fittings &/or appliances does not imply they are in full efficient working order. Photographs are provided for general information and you may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website. These particulars do not constitute a contract or part of a contract.
Alnwick is situated approximately 30 miles to the north of Newcastle upon Tyne on the A1. It is the seat of the Duke of Northumberland with a current population of approximately 8,500. Alnwick benefits form a huge influx of visitors during the tourist season, estimated at over 60,000. Tourist attractions include Alnwick Castle and Gardens and the newly opened Lildorei play sculpture which is the largest of its kind in the world. Bondgate Within is the main thoroughfare into the town. It has always been a popular retail location and current occupiers are local traders and financial institutions. The property occupies a prominent situation within the town. Nearby occupiers include Lloyds Bank, Card Factory, Yorkshire Trading, Greggs and many local independent retailers.
Currently it is utilised as a retail shop as a hair studio with rear storage and w/c facilities.
The first-floor compromises further storage space and a small kitchen with ancillary staff area.
Description
The Subject Property comprises a mid-terrace property constructed of painted stone brickwork under a pitched tile roof. The ground floor area of the premises contains full window frontage with minimal recessed front door access. Currently it is utilised as a retail shop as a hair studio with rear storage and w/c facilities. The first-floor compromises further storage space and a small kitchen with ancillary staff area.
Accommodation
The property includes the following gross internal areas:
Gf Retail Shop 98 sq m / 1,054 sq ft
Office / Store 95 sq m / 1,022 sq ft
Total Net Internal Area 193 sq m / 2,073 sq ft
Overall Total NIA 193 sq m / 2,073 sq ft
Tenure
The property is held freehold under title number ND148778.
Tenancy information
The property is entirely let to Alnwick Studio Limited on a 8 year lease term from 28th August 2018, therefore expiring on 27th August 2026.
Rent is set at £24,000 per annum. At the time of writing, the current tenant is in negotiation to extend the current lease.
Rating assessment
The rating assessment currently appearing on the Valuation List is as follows:
2023 - £19,000
The Small Business Rate for the year 2024/2025 is 49.9 pence in the pound.
Anti-money laundering
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
Legal costs
Each party to bear their own legal costs incurred in the transaction.
Energy performance
An EPC has been commissioned and will be available shortly.
VAT
All figures are exclusive of VAT where chargeable.
WHAT3WORDS
Every three metre square of the world has been given a unique combination of three words. A free App is available for iOS and Android smartphones and using the unique sequence of words below you will be able to pinpoint this property.
///mixes.pickles.travel
Proposal
Our client is seeking offers in the region of £260,000 (Two Hundred & Sixty Thousand Pounds) for their freehold interest subject to contract, which shows a net initial yield of 9.36% after allowing for purchasers costs of 2.76%.
Viewings
Viewings are strictly by prior appointment with GFW.
Important notice
Every care has been taken with the preparation of these particulars, but they are for general guidance only and complete accuracy cannot be guaranteed. If there is any point, which is of particular importance professional verification should be sought. All dimensions/boundaries are approximate. The mention of fixtures, fittings &/or appliances does not imply they are in full efficient working order. Photographs are provided for general information and you may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website. These particulars do not constitute a contract or part of a contract.
Alnwick is situated approximately 30 miles to the north of Newcastle upon Tyne on the A1. It is the seat of the Duke of Northumberland with a current population of approximately 8,500. Alnwick benefits form a huge influx of visitors during the tourist season, estimated at over 60,000. Tourist attractions include Alnwick Castle and Gardens and the newly opened Lildorei play sculpture which is the largest of its kind in the world. Bondgate Within is the main thoroughfare into the town. It has always been a popular retail location and current occupiers are local traders and financial institutions. The property occupies a prominent situation within the town. Nearby occupiers include Lloyds Bank, Card Factory, Yorkshire Trading, Greggs and many local independent retailers.
More information
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Property descriptions and related information displayed on this page are marketing materials provided by - GFW. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact GFW for full details and further information.