12 Market St | Alnwick NE66 1TL
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12 Market St
Alnwick NE66 1TL
Retail Property For Sale
Investment Highlights
- Prominent market town location
- Heavy daytime foot traffic
- Grade II Listed
Executive Summary
The property occupies a prominent corner position and benefits from weekly markets situated immediately outside the building.
Attractive Grade II Listed building of stone construction under a pitched slate roof with sliding sash windows.
Ground Floor – 51.1 sq m / (549 sq ft)
First Floor – 48.3 sq m / (520 sq ft)
Second – 45.4 sq m / (488 sq ft)
TOTAL – 144.8 sq m / (1,559 sq ft)
The property is entirely let to Northumberland Properties (Alnwick) Limited on a 5 year lease from October 2023, therefore expiring October 2028.
Rent is set at £17,500 per annum. The property is held on full repairing and insuring terms subject to a schedule of condition.
Attractive Grade II Listed building of stone construction under a pitched slate roof with sliding sash windows.
Ground Floor – 51.1 sq m / (549 sq ft)
First Floor – 48.3 sq m / (520 sq ft)
Second – 45.4 sq m / (488 sq ft)
TOTAL – 144.8 sq m / (1,559 sq ft)
The property is entirely let to Northumberland Properties (Alnwick) Limited on a 5 year lease from October 2023, therefore expiring October 2028.
Rent is set at £17,500 per annum. The property is held on full repairing and insuring terms subject to a schedule of condition.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,557 SF
Year Built
1800
Price
$266,187
Price Per SF
$171
Cap Rate
8.14%
NOI
$21,668
Tenancy
Single
Building Height
3 Stories
Parking
5 Spaces (3.21 Spaces per 1,000 SF Leased)
Frontage
20 FT on Market Street
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