3Landmark Building for Sale in Central Alnwick

The Commercial Department of YoungsRPS have brought to the market what can only be described as one of central  Alnwick’s most iconic buildings, “The Bear and Bank House.”

Located on the unusual pointed corner site fronting both Narrowgate and Fenkle Street, its location 11 Narrowgate, is a prime trading area within the heart of Alnwick.

The Bear and Bank House is a five-storey property comprising self-contained commercial space on the ground floor and cellar and newly refurbished residential accommodation over the top three floors. As such it provides an opportunity for an owner/occupier to quite literally “live above the shop”, or alternatively for an investor to lease out the property, either as a whole or in separate parts.

Being sold through the Alnwick office of YoungsRPS it is offered freehold with a guide price of £215,000.

The Bear and Bank House is a unique grade II listed property built in the mid-19th Century originally as a Savings Bank as the name states on the frontage. In the Victorian era it was turned into a Barbers Shop, where the barber reportedly kept bears in the basement, hence the other part of its name.  Retaining many original features, the property has most recently been home to Gordon Caris, an antique watch and clock restorer.

Commenting on this rare and unusual property Michael Blake, Director of YoungsRPS said:

“With double frontage on to two of the busiest commercial streets in the centre of Alnwick, this really is a gem of a property, and a versatile investment opportunity.  As there is attractive commercial and workshop space, and three floors of residential accommodation ideal for rental, holiday let or AirBNB, it could be leased out as a whole or as separate parts to create a great return on investment.”

The first, second and third floors offer newly refurbished quirky accommodation, briefly comprising a first-floor lounge and fitted kitchen. The second floor has two bedrooms and the third floor has a bathroom, along with a restricted head height attic room.

The present owners have invested heavily in the property and have carried out changes and significant repairs both inside and out as well as separating the lower commercial accommodation from the upper floor residential space.  They have brought the cellar into use and provided very unusual and well fitted residential accommodation.

The commercial 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 WC, lighting and improved ventilation.

To arrange a viewing contact Michael Blake or Rosie Spours on 01665 606800.

For more information, please visit www.youngsrps.com.