Available
Hexham – Barber Shop
9 Battle Hill, Hexham, Northumberland NE46 1BAVirtual Freehold Retail Investment
Price
£110,000
Rent P.A.
£11,280
Yield
10.25%
Tenure
Leasehold
Lease Term
6 Years 11 Months
Years Left on Lease
6y 9m
Area
1,264 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Let until April 2033. Rent review in 2029 linked to RPI.
- Comprises ground floor retail shop t/a barber shop.
- Located on Battle Hill, which forms part of the main vehicular route through Hexham town centre, with occupiers nearby including Post Office, HSBC, Greggs and more.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises ground floor retail shop t/a as barber shop, providing the following accommodation and dimensions:
Ground Floor: 117.40 sq m (1,264 sq ft)
Open plan retail, kitchen, storage, office, wc
Ground Floor: 117.40 sq m (1,264 sq ft)
Open plan retail, kitchen, storage, office, wc
Tenancy Description
The property is at present let to an Individual t/a Barber Shop for a term of 6 years 11 months from 14th May 2026 at a current rent of £11,280 per annum and the lease contains full repairing and insuring covenants. Rent review on 14.05.2029 linked to RPI. Tenant has option to determine the lease on 14.05.2027 with minimum of 6 months’ notice. Rent deposit held of £2,820. Lease within the Landlord and Tenant Act 1954.
Tenure:
Long leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
Tenure:
Long leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Hexham is a thriving market town, lying adjacent to the A69 Trans-Pennine route, which provides access to the A1 trunk road some 20 miles to the east. Carlisle lies around 38 miles to the west and Newcastle upon Tyne City centre around 23 miles to the east. The property is located on Battle Hill, which forms part of the main vehicular route through Hexham town centre. Fore Street is located approximately 50 yards to the east. The property adjoins the Globe Inn, and is directly opposite the town’s Post Office.
