2 bedroom Apartment For Sale

Key Details

Property Description

A rare opportunity to acquire 100% of the shares in Hansel Designs Ltd, whose sole asset is a fully let freehold mixed-use investment offering an attractive yield. Full investment and lease details available upon request.

Description: Hansel Designs Ltd owns the freehold property which comprises a Grade II listed mid terrace building arranged as a ground floor retail unit with basement space and a first-floor apartment comprising 2 bedrooms, kitchen, living room, W/C and bathroom. The retail unit and flat are let to separate tenants.

The sale therefore will therefore be structured as a sale of 100% of the shares in Hansel Designs Ltd.

Location: Alnwick is an affluent market town approximately 33 miles north of Newcastle upon Tyne and 18 miles north of Morpeth. The town is easily accessed from the A1 motorway which lies immediately to the east of town.

Alnwick benefits from a strong rural catchment as well as being a thriving international tourism destination, with the development of Alnwick Gardens dramatically increasing tourist numbers to the town. The property is located on a prime retail pitch within the town centre of Alnwick on Bondgate Within, which is a well-established location benefitting from high levels of footfall.

The street enjoys a vibrant mix of occupiers including longstanding successful local businesses and larger national retailers.

Basement: 325 sq ft / 30.17 sqm Ground Floor: 720 sq ft / 66.87 sqm First Floor: 678 sq ft / 63.03 sqm Total: 1,723 sq ft / 160.07 sqm

Rating Assessment: The rateable value of the premises as at 1 April 2023 is �11,500 and the estimated rates payable for the current year is �5,738.5. This is based on the standard Small Business Rates of 49.9p in the pound, however, interested parties should confirm with the local authority.

Tenure: The property is held freehold under the title number ND156793. The freehold is owned by Hansel Designs Ltd. The sale will be by way of sale of the shares in the company rather than a direct property sale.

Terms: 100% of the shares in Hansel Designs Ltd are available for �300,000

• Location