26 North End, Longhoughton, Alnwick, Northumberland, NE66 3AG
Guide Price* : £200,000
Upon Instructions of
- Development land
- Prominent town centre position within an established residential location
- Site area of approximately 0.52 acres (0.21 hectares)
- Vacant former convenience store and retail unit let as a hairdressing salon on flexible terms with the benefit of an RPI index linked rent review in 2019
The subject property comprises a vacant former convenience store and retail unit currently let and operated as a hairdressing salon on flexible lease terms. The site extends to approximately 0.52 acres (0.21 hectares) and provides existing built accommodation with hard surfaced car parking provision and associated landscaped areas, with an approximate site cover ratio of 20%.
The Valuation Office Agency lists the following floor areas for the subject property:
Former Spar Convenience Store: 3,648 sq ft (338.9 sq m)
Hairdressing Salon: 647 sq ft (60.1 sq m)
TOTAL: 4,295 sq ft (399 sq m)
The hairdressing salon is currently let to a private individual for a term of 10 years from 1st April 2014, subject to mutual breaks on 1st April 2020 and 2023 upon 6 months written notice. The current rent payable is £5,600 per annum, following an RPI Index linked rent review at 1st April 2019.
The site is located in Longhoughton, approximately 31 miles (50 km) north of Newcastle upon Tyne and within the Northumberland Coast AONB.
Set within a predominantly rural location, situated approximately 4 miles (6.5 km) north east of Alnwick, the town provides residential and retailing provision for the nearby Royal Airforce station at RAF Boulmer.
The site is situated on North End, which provides the arterial means of access to and from the town. Accessed from Lacey Street, the site benefits from a prominent central position and road frontage to the western and southern boundaries. The surrounding area is predominantly residential.
Northumberland County Council (0345 600 6400) www.northumberland.gov.uk.
The building and site offer development potential for a variety of different uses. Prospective purchasers are advised to make their own enquiries in this regard.
Energy Performance Certificate
A copy of the EPC is enclosed.
030 679 83820
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
Sold for £150,000
This auction lot is now closed.
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The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton January 2020
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.