Guide price of £149,950
The property is located on Fenkle Street in Alnwick, a town within the county of Northumberland in the North East of England. Alnwick is located between Morpeth and Berwick upon Tweed.
The subject property lies on the corner of Fenkle Street, where it connects with the B6341, the main street in Alnwick, providing it with a prominent town centre and excellent visibility.
The property is just 2 miles (4 minutes) from the A1 (M) which connects it with towns to the North such as Berwick-upon-Tweed and the city of Newcastle Upon Tyne 35 miles to the south.
The subject property comprises of 482.9m2 (5,198ft2) of retail accommodation over 3 stories’, 56.1m2 (604ft2) of which is Zone A space. The unit benefits from a double-glazed traditional retail frontage, while internally, the accommodation is well presented throughout and benefits from male and female W/Cs, storage and multiple showrooms.
Subject to planning, the property could offer future development potential with conversion into apartments either for the private rental market or holiday let market which is hugely popular in the Alnwick area. Planning permission was previously granted in May 2006, to convert 2x retail units to the ground floor and 5x residential flats to the uppers (Application Ref: A/2006/0068). A copy of floor plans are available on request.
The premises is Grade II Listed and as such, currently benefits from rates exemption while the property is unoccupied.
Basement 62.0m² 675ft²
Ground floor 149.1m² 1,605ft²
First floor 229.9m² 2,475ft²
Second floor 159.9m² 1,721ft²
Attic Space 80.1m² 872ft²
Total 681.0m² 7,348ft²
Description RV Estimated Rates Payable
Shop and premises £23,250 £10,834.50
We are advised that the rateable value of the premises as at 1 April 2017 is £23,250 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 48p in the pound. However, interested parties should confirm the current position with the Local Authority.
The Freehold of this property is available through Agents Property Auction on 27th February 2019. The property has a starting bid of £149,950+ (One Hundred and Forty Nine Thousand Nine Hundred and Fifty Pounds). A copy of the legal pack is available on request.
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
Each party is to bear their own legal costs involved in the transaction.
MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
For general enquiries and viewing arrangements please contact Nicholas Bramwell or at Bradley Hall.
Tel: 0191 232 8080