Summary - 27 BONDGATE WITHIN ALNWICK NE66 1SX
1 bed 1 bath Shop
**Standout Features:**
- Prime location in the historic market town of Alnwick
- Spacious 2,138 sq ft retail unit, ideal for business use
- Excellent internal specification with large display windows
- Currently leased at £24,000 per annum, net initial yield of 9.36%
- Close proximity to local amenities and tourist attractions
**Key Concerns:**
- Lease expiring in 3 years; potential difficulties with mortgage lenders
- Property requires maintenance, especially due to its older construction
Discover a golden opportunity in the heart of Alnwick with this impressive commercial property. Spanning 2,138 square feet, it features a traditional Victorian shop front alongside a modern open-plan retail space, perfect for a wide range of business ventures, from salons to boutiques. The premises benefit from substantial display windows, allowing for excellent advertising visibility.
With a current rental income of £24,000 per annum and a promising yield of 9.36%, this property represents a lucrative investment for those looking to capitalize on the vibrant local economy and tourist influx. Although the lease expires in 2026, the tenant is already negotiating an extension, providing a more secure tenancy moving forward.
While its vintage charm is captivating, prospective buyers should note the property’s age, potentially requiring updates to ensure modern standards and efficiency. Its central location ensures easy access to amenities, schools, and tourist attractions, enhancing foot traffic year-round.
Seize this chance to invest in a distinguished market town property filled with potential. With the right vision and maintenance, this can become a thriving hub for long-term success. Don't wait—properties of this caliber won't last long!
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