36A Fore St 3,086 SF Retail Building Hexham NE46 1LZ $547,833 ($177.52/SF) 7.68% Cap Rate

SUMMARY
The freehold property comprises two adjoining commercial units located on Fore Street, Hexham's pedestrianised prime retail pitch. The majority of the property is let to Nero Holdings Limited (trading as Caffè Nero), a premier UK coffee brand with a "Very Low Risk" Creditsafe rating of 100, a turnover of £366m, and shareholders' funds of £390.8m.
Caffè Nero occupies number 36 on a new 5-year Full Repairing and Insuring lease from 19 May 2026 at a re-based rent of £27,250 per annum, subject to a tenant-only break option at year three. The second unit (number 36A) is let to an independent phone repair and accessories shop producing £6,000 per annum on a lease expiring 31 July 2029.
Together, they provide a secure, low-management combined passing rent of £33,250 per annum.
INVESTMENT SUMMARY
Freehold investment opportunity on Fore Street, Hexham’s pedestrianised prime retail pitch.
Hexham is one of Northumberland’s most prosperous market towns, drawing both a loyal local catchment and a significant visitor economy.
Majority let to Nero Holdings Limited (Caffè Nero) on a new five-year full repairing and insuring lease from 19 May 2026 at a re-based rent of £27,250 per annum, with a tenant-only break option at year three.
Nero Holdings Limited carries a Creditsafe risk score of 100 (Very Low Risk) with turnover of £366m and shareholders’ funds of £390.8m (year ending May 2025).
Second unit let as an independent phone repair and accessories shop producing £6,000 per annum on a lease expiring 31 July 2029.
Combined passing rent of £33,250 per annum.
The town centre is currently benefitting from significant public and private sector investment, supporting footfall and the long-term retail environment.
Well-established national retail pitch with occupiers including WH Smith, Boots, Specsavers, Waterstones, Superdrug, Mountain Warehouse, Greggs and Costa Coffee in close proximity.