On behalf of private clients we have successfully completed the investment sale of 41 Fore Street, Hexham for £422,500 reflecting 6.81% NIY.
The property is let to Greggs plc on an FRI lease until 31st December 2025 at a current rent of £30,000 pax.
Located in the attractive market town of Hexham, 22 miles west of Newcastle, the property is situated on the pedestrianised Fore Street, the principal retailing street in the town which boasts a number of high quality local and regional retailers. The property comprises a mid-terrace retail unit offering 1,010 sq.ft of Ground Floor sales and 680 sq.ft of first floor staff and storage facilities.
There was a good level of interest in the property and a number of offers were received highlighting the demand for smaller retail investments in strong market towns.
