Property Summary

Guide Price £85,000

Branch Details


0333 920 2220

4-6, Alnwick, NE66 1TL

Fenkle Street


Investment sale Currently fully let to 2 tenants. Freehold Investment Properties with 21 Fenkle Street let on a 5 year lease and 23 Fenkle Street let on 999 year lease. Rental income of £7,800 per annum.

21/23 Fenkle Street is an end of terrace stone built property spread over three floors. The ground floor is a retail unit let to HAIR XXI and the two upper floors are residential accommodation let on a 999 year lease. The property is connected to mains electricity, water and drainage.

21 Fenkle Street
Ground Floor Charlotte Peason t/a HAIR XXI
Rent - £7,800

23 Fenkle Street
First and Second Floor John Robertson Peppercorn Rent

21 Fenkle Street is held on a Freehold basis. It is let to HAIR XXI on a 5 year lease from 04/07/2020 with an index linked rent review in year 3. The lease is internally repairing and responsible for building insurance.

23 Fenkle Street is held Freehold and is let on a leasehold basis, with 968 year remaining. Originally on a 999 years from 04/05/1990 to John Robertson at a peppercorn rent. Within this lease the tenant contributes two thirds of costs including insurance and structural repairs.