Attractive Cafe Nero Investment in Northumberland Town acquired for client

We are pleased to confirm that in October 2021 we acquired this attractive retail investment on Fore Street Hexham, let to Cafe Nero.

Hexham is an attractive and prosperous Northumberland market town located 23 miles west of Newcastle upon Tyne and 32 miles west of Carlisle. The town lies immediately to the south of the A69 between the North Pennines and Kielder Forest.

The property is situated on the east side of the pedestrianised Fore Street adjacent to WH Smith with other nearby occupiers including Boots, Specsavers, Hays Travel, M&Co, Waterstones, Superdrug, Clintons and Iceland. The building comprises a large coffee shop arranged on basement, ground, first and second floors together with a small ground floor only Nail Bar.

The majority of the building is let to Nero Holdings Limited on a new 5 year lease at £30,000 per annum with a small kiosk unit next door generating a further £9,000 per annum from a local nail salon tenant.

For more information please contact Daniel Capobasso on 07968618948 or email danielc@johnsontucker.co.uk.

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