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16-16B St Marys Chare 388 SF 100% Leased Retail Building Hexham NE46 1NQ $267,730 ($690.03/SF) 9% Cap Rate
Investment Highlights
- Excellent investment opportunity
- EPC Rating D
- Two commercial units fully let to established tenants
- Prime location within walking distance of Hexham town centre
- Spacious maisonette with private entrance
- Strong existing rental income
Executive Summary
This is a rare mixed-use investment opportunity located in a prime position in Hexham. The property comprises two ground-floor commercial units let to established tenants, alongside a vacant first-floor maisonette with separate access. The asset currently produces approximately £18,000 per annum, with clear potential to increase income once the residential unit is occupied, making it attractive for investors seeking both stable income and future growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
388 SF
Building Class
B
Year Built
1865
Price
$267,730
Price Per SF
$690.03
Cap Rate
9%
NOI
$24,096
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.03 AC
Frontage
29’ on St Marys Chare
Amenities
- Energy Performance Rating - D
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Nearby Major Retailers
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16-16B St Marys Chare
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