19 Market Pl 2,065 SF 100% Leased Retail Building Hexham NE46 3NX £370,000 (£179.18/SF)
INVESTMENT HIGHLIGHTS
- Located in the heart of Hexham town centre
- The Market Place is a strong retailing area of the town centre, lying at the northern end of the pedestrianised Fore Street
- Next Hexham Abbey
EXECUTIVE SUMMARY
The freehold interest in the property, subject to the current leases, is available for sale at £370,000. A sale at the asking price would equate to a gross initial yield of 7.7%. We understand the property is not registered for VAT and therefore VAT will not be payable on the purchase price.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
2,065 SF
Year Built
1890
Price
£370,000
Price Per SF
£179.18
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
1.09
Lot Size
0.04 AC
Parking
2 Spaces (0.97 Spaces per 1,000 SF Leased)
Frontage
53 ft on Market Place
1 of 1
NEARBY MAJOR RETAILERS
CONTACT
-
Paul Fairlamb -
YoungsRPS
