*Guide | £90,000+ (plus fees)
- Restaurant
- Tenure: Leasehold. The property will be held on a new 999 year lease from completion.
Call the team on 020 7625 9007 for more information
A Ground and First Floor Restaurant Subject to a Lease Producing £13,500 Per Annum (Reflecting a Gross Initial Yield of 15%)
The property comprises a ground and first floor restaurant situated in a mid terrace building arranged over ground and two upper floors.
Tenure
Leasehold. The property will be held on a new 999 year lease from completion.
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of The Sele Park are within easy reach. Transport links are provided by Hexham rail station.
Accommodation
Ground Floor Restaurant Area Storage Space WC G.I.A approximately 40 sq m First Floor Kitchen Storage Space Office Ancillary Space G.I.A approximately 115 sq m
Tenancy
The property is subject to a FRI lease for a term of 5 Years commencing 8th April 2026 at a rent of £13,500 per annum. 2029 upwards only rent review. The tenant has been in occupation for over 15 years.
Energy Efficiency Rating (EPC)
Current Rating B
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
