Harbour Road, Beadnell

Location
Seabreeze is located in the highly desirable village of Beadnell on the Northumberland Coast. Beadnell is set at the end of a glorious 2-mile stretch of beach known as Beadnell Bay and benefits from a high volume of tourists and is a hub for water sports in the region. With exception to cafes, pubs and restaurants the subject property is the only commercial retail unit within the village providing a unique opportunity to own a commercial investment within the village.

The property is situated on Harbour Road just off the B1340 as you enter the village and therefore benefits from a prominent position right on the sea front with high numbers of walkers passing daily.

Description
The property comprises a semi detached single storey retail unit with public car parking immediately available.

Internally the property is finished to a good standard with open plan retail space used as a small convenience store. There is a further subdivided storage room.

Accommodation
The Net Internal Area of the property is 90.50 sq m (974 sq ft).

Investment Summary
The property is let on a 9 year fully repairing and insuring lease from 25 July 2021. The lease contains rent review and break clauses on each third anniversary of the term. The current passing rent is £16,000 per annum. The asset is highly reversionary with potential for rental growth.

The business does not form part of the sale and will remain unaffected by the sale of the property.

EPC
The property has an EPC rating of C – 73 dated 13 April 2021.

Rating Assessment
The rateable value of the premises as at 1 April 2026 is £14,000 and the estimated rates payable for the current year is £6,048. This is based on the standard Small Business Rates of 43.2p in the pound, however, interested parties should confirm with the local authority.

Tenure
We understand the property is held Freehold.

AML Regulations
In accordance with Anti-Money Laundering Regulations the Purchaser will be required to provide two forms of identification and proof of the source of income.

Legal Costs
Each party is responsible for their own legal costs

VAT
All rents, premiums and purchase prices quoted herin are exclusive of VAT. All offers are made to Bradley Hall upon this basis and where silent offers will be deemed net of VAT.