Fenkle Street, Alnwick

Alnwick is an affluent market town approximately 33 miles north of Newcastle upon Tyne and 18 miles north of Morpeth. The town is easily accessed from the A1 motorway which lies immediately to the east of town. The town is an historical market town and the ancestral home of the Duke of Northumberland and Alnwick Castle. Alnwick benefits from a strong rural catchment as well as being a thriving international tourism destination. The development of the Alnwick Gardens dramatically increased tourist numbers to the town.

The property is situated on Fenkle Street close to the junction with Narrowgate within the centre of the town. Both Fenkle Street and Narrowgate are well established locations within the town and benefit from good levels of footfall with Alnwick Castle in close proximity. Both streets enjoy a vibrant mix of occupiers including long standing successful local businesses and larger national retailers.

DESCRIPTION:
The property formally used as a carpet warehouse provides ground floor retail space and additional basement storage. It can be let as a whole or as individual units with pricing available on request.

The property is accessed from a shared central entrance with a retail unit to either side. Both retail units benefit from good retail frontage with the larger providing more retail depth and W/C to the rear with access to the rear courtyard. The smaller unit provides more kiosk retail space with small storage area and W/C. Both retail spaces currently provide shell specification allowing easy tenant fit out and would be suitable for a variety of uses.

The basement benefits from reasonable head height and provides good useable storage space.

ACCOMMODATION
We calculate the approximate net/gross internal floor areas to be as follows:

Retail Unit 1 74.17 m² 798 ft²
Retail Unit 2 27.30 m² 294 ft²
Basement 30.17 m² 325 ft²
Total 131.64 m² 1,417 ft²

EPC RATING
D – 79

RATING ASSESSMENT
The rateable value of the property will need to be reassessed following the works undertaken.

TERMS
The property is available by way of a new lease with terms to be agreed at £30,000 (Thirty Thousand Pounds) per annum. The units can also be let individually at rents to be agreed.

VAT
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.

LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.