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The Bear and Bank House, 11 Narrowgate/30 Fenkle Street, Alnwick
£215,000

LOCATION
* Busy historical town centre location

* Commercial premises with newly refurbished residential accommodation above

* Of interest to owner/occupiers and investors

* Interest landmark building



Alnwick, the traditional County town of Northumberland, is an important market town situated just off the A1 Trunk road, some 34 miles north of Newcastle upon Tyne. The town has a busy centre deriving trade from the wide local catchment and a vibrant year round tourist trade with visitors drawn by Alnwick Castle, which has increased in popularity due to films such as Harry Potter being shot here, and The Alnwick Garden. Alnwick is also a popular centre for visitors to the Northumberland coast and inland attractions. There is an important rail link with Alnmouth Station, some three miles to the east of Alnwick being a stop on the main London to Edinburgh mainline railway.



The centre of the town is the Market Place. Surrounding Market Place are the main shopping streets: Narrowgate, Fenkle Street and Bondgate Within. The subject property lies at the junction of Narrowgate and Fenkle Street. A number of national multiple retailers including WH Smiths, Boots, Dorothy Perkins, M&Co and Joules are located nearby with a large number of independent traders operating throughout the town centre area. A traditional market operates in the town on Fridays and Saturdays. Free on-street parking is available around the town centre as well as more extensive restricted or all day parking available off Greenwell Road to the north east of the town centre.


DESCRIPTION
The property comprises an unusual and landmark building commanding the approach to the town centre from Alnwick Castle and the north west. The building, which occupies a fully developed acutely pointed corner site, has a narrow splay frontage with its principal frontages to Narrowgate and Fenkle Street. It was built in the mid 19th Century as a Savings Bank and is arranged to provide self-contained commercial space on the ground floor and cellar together with residential accommodation on three floors above. The walls are formed in ashlar dressed stone with a slated mansard roof.



The owner of the building has recently undertaken a programme of external repairs, to include repairing and cleaning the stonework, overhauling the rainwater goods, repairing the windows and redecoration. Internally, all walls have been replastered and repainted, ornamental plasterwork has been repaired, electrical wiring has been renewed, and a replacement gas fired combination boiler and new radiators have been installed.



The commercial space has most recently been used for the repair and restoration of valuable and antique clocks. This space, which has an entrance off Fenkle Street, would be suitable for a variety of retail and commercial uses. It benefits from ornamental plasterwork, a stained timber floor, spotlighting throughout, and a sink to the rear area. The cellar, which has just been tanked out, offers dry workshop or storage space, with a w.c. Lighting and ventilation has been greatly improved to the cellar.


ACCOMMODATION
We have measured the commercial part of the building as providing the following net internal areas:



Ground floor

Principal area 11.73 sq m (126 sq ft)

Rear area 8.20 sq m (88 sq ft)



Total 19.93 sq m (214 sq ft)



Cellar (inc. w.c.) 22.48 sq m (242 sq ft)



The first, second and third floors offer newly refurbished quirky accommodation, briefly comprising: first floor, lounge with original Victorian refurbished fireplace and new hearth, and fitted kitchen, including engineered wood flooring, new electric hob and oven, dishwasher and fridge. Second floor with two bedrooms. Third floor, bathroom with separate shower enclosure and free standing roll top, claw foot bath, along with a restricted head height attic room. The principal rooms are carpeted. There is tile effect vinyl to the bathroom floor. The bathroom now benefits from a large replacement Velux rooflight.



The property provides an opportunity for an owner/occupier to “live above the shop”, or alternatively for an investor to lease out the property, either as a whole or in separate parts, to create an investment.



It may be possible, with further adaptation of the space, to incorporate the ground floor and cellar into the residential accommodation to create a four storey house. Planning consent for change of use for the ground floor and cellar, from commercial to residential use, would be required, however.




TERMS
The freehold interest in the whole of the property is available for sale with full vacant possession at £215,000.


OUTGOINGS
The ground floor and cellar is currently entered into the Business Rates Valuation List with a rateable value of £2,700. The upper floor residential accommodation has a Council Tax banding A.


VAT
The property is not registered for VAT.


LEGAL COSTS
Each party is to bear their own legal costs in connection with the sale of the property.


PLANNING
The ground floor and cellar accommodation has most recently been used for the repair and restoration of antique clocks but would be suitable for a variety of commercial uses subject to all necessary consents being obtained. We recommend that interested parties contact the Planning Department at Northumberland County Council to make their own enquiries.



The building is situated in Alnwick Conservation Area and is Listed Grade II for its special architectural or historical interest.


OTHER
The property has an EPC rating of E119. A copy of the Energy Performance Certificate is available on request.



LOCAL AUTHORITY

Northumberland County Council, County Hall, Morpeth, Northumberland, NE61 2EF

Telephone: 0345 6006400. www.northumberland.gov.uk


VIEWING
Viewing is strictly by appointment with YoungsRPS, sole agents:



Michael Blake

Telephone: 0191 2610300 or 07718 523060

e-mail: michael.blake@youngsrps.com



Rosie Spours

Telephone: 01665 606800 07793 225095

e-mail: rosie.spours@youngsrps.com


 

To book a viewing or make an enquiry, please complete this form.

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