Summary - 1, WESTGATE NE49 9AF
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- **High Rental Yield**: Gross Initial Yield of 9.43%, generating £6,600 p.a.
- **Prominent Location**: Situated on the main shopping street with high visibility; neighboring Boots and Co-op.
- **Long Lease**: 999 years remaining; virtual freehold with a peppercorn ground rent.
- **Chain-Free Sale**: Ready for immediate transactions without complications.
- **Versatile Space**: Open-plan retail area with storage and toilet facilities.
**Concerns:**
- **Slow Broadband Speeds**: Limited connectivity may affect business operations.
- **Local Area Deprivation**: Potential impacts on foot traffic and demographics.
**Property Summary:**
Discover a prime retail opportunity at 1 Westgate, Haltwhistle, a charming Georgian property enriched with character and a strong community presence. With a gross initial yield of 9.43% and a reliable income stream from the established bookshop tenant, this property combines investment potential with a desirable location near well-known retailers. The property boasts a spacious open-plan layout, ideal for a variety of retail uses, while its prominent corner position on the town's main street ensures high visibility to passersby.
While the local area does experience slow broadband speeds, the property offers excellent potential for future enhancements. Haltwhistle’s appeal as a tourist destination, notably due to its proximity to Hadrian’s Wall and the Pennine Way, adds an extra layer of attractiveness for savvy investors. With a secure lease allowing for tenant flexibility and the ability to establish roots in a community-focused town, don’t miss the chance to secure this lucrative investment in a thriving location. Act fast; opportunities like this are rare and sure to attract attention!
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