Property photos
Just added
Guide price
£200,000
Retail premises for sale
Narrowgate, Alnwick NE66Local area information
Property location
Nearby amenities
- Barndale House School (SEN) 0.2 miles
- St Michael's Church of England Primary School 0.2 miles
- Alnmouth 3.2 miles
- Acklington 7.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Alnwick to find out more about the local area.
Features and description
- Alnwick's own "Gringots Bank"
- Highly sought after Market town
- Great Investment Opportunity
- Immaculate Condition
Summary
Mixed-Use Landmark Property | Iconic Building | Income-Producing Holiday Let | Historic Town Centre Location
We are delighted to offer to auction this substantial and iconic mixed-use property occupying a prime position on Narrowgate, at the foot of Alnwick's bustling pedestrianised high street. This highly recognisable building - originally constructed in the mid-19th century as a Savings Bank - has since served as a clockmaker's shop and now operates as a holiday let and retail unit. Fondly referred to by many as Alnwick's own Gringotts Bank, this local landmark is one of the most photographed and admired buildings in Alnwick, celebrated for its intricate stone carvings and distinctive architecture.
Dating back to circa 1850, the property offers a versatile layout comprising a ground floor commercial unit with additional basement space, as well as a beautifully presented multi-level residential apartment above, which has been successfully run as a high-performing holiday let since 2021. The vendor is happy to transfer all future holiday bookings to the new owner, offering immediate income upon purchase.
Property Overview
Originally built in the mid-19th century (circa 1850) as a Savings Bank
Type: Mixed-use (Retail + Residential)
Floor Area: Approx. 115 sq m (1240 sq ft) over five floors
Retail Area for voa (Ground & Basement): Approx. 359 sq ft
Tenure: Freehold
Council Tax/Business Rates: Tbc
Auction Status: For Sale by Auction - Fees Apply
Location
Location & connectivity
Alnwick is a historic and picturesque market town in Northumberland, located approximately 32 miles north of Newcastle upon Tyne and 5 miles inland from the North Sea coast.
By Road: Alnwick is directly accessed via the A1 dual carriageway, with a dedicated junction that brings you into the town via the A1068 or B6341. The A1 provides fast and direct access both north toward Berwick-upon-Tweed and the Scottish Borders, and south to Newcastle, Morpeth, and Durham. By Rail: The nearest mainline station is Alnmouth for Alnwick, approximately 4 miles to the east, easily accessible by car or local bus. The East Coast Main Line offers direct rail services to Edinburgh, Newcastle, York, and London King's Cross. By Air: Newcastle International Airport is about 35 miles to the south, reachable in 45 minutes by car, offering domestic and international flights.
Local Ameanities
Alnwick offers a range of excellent local amenities, including:
Alnwick Infirmary - a Minor Injuries Hospital with community health services
Supermarkets such as Morrisons, Sainsbury's, Lidl, and Marks & Spencer Food Hall
Educational facilities, from primary to secondary level
A bustling town centre with independent shops, cafes, and restaurants
Nearby tourist attractions include Alnwick Castle and The Alnwick Garden
Commercial Property Overview
Flat Accommodation Spread Across two floors
Room Descriptions
Ground Floor - Commercial Retail Unit
A beautiful double-fronted retail space full of light, with tall arched windows and period cornicing. A fantastic space for a boutique, studio, or continued commercial use. The space retains original wooden flooring and a decorative timber counter.
Note: Planning flexibility may allow for alternative business uses (STPP).
Basement Level - Storage & Cloakroom WC
Accessible via internal stairs, the basement offers dry storage rooms with ample shelving and a cloakroom WC, making it ideal for stock management, hobbyists, or auxiliary commercial purposes.
Flat Accommodation Overview
Flat Accommodation Spread Across Four Floors
First Floor - Holiday Let Living Area & Kitchen
Living Room: A stunning triple-bay windowed lounge with rich red dcor, high ceilings, and original sash windows. The space easily accommodates two sofas, coffee tables, and additional accent furniture.
Kitchen/Diner: A stylish, modern fitted kitchen with wooden countertops, ceramic hob, integrated oven, sink under a sash window, and room for a 4-seat dining table. Blue tile splashbacks add colour and charm.
Second Floor - Bedrooms
Bedroom One: Double bedroom with warm ochre walls, ample space for double bed, wardrobe, and bedside tables. Sash window with views over the town centre.
Bedroom Two: Larger of the two, with dual aspect windows, original decorative fireplace, and ample room for a king-size bed, wardrobes, and dressing area.
Third Floor- Bathroom
Bathroom: A luxurious family bathroom with a freestanding roll-top bath under a skylight, separate walk-in shower with glass enclosure, WC, and washbasin. Finished with statement floor tiles and feature walls in teal and navy.
Tenure
Freehold. Title number
Rateable Value
Current rateable value (1 April 2023 to present)
2,900
Council Tax Band
Council tax band for flat at 11 Narrowgate to be confirmed
Contact Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Investment
A terrific investment opportunity, with current rent of 16k per annum, Potential income for retail 600 per cal month.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
Mixed-Use Landmark Property | Iconic Building | Income-Producing Holiday Let | Historic Town Centre Location
We are delighted to offer to auction this substantial and iconic mixed-use property occupying a prime position on Narrowgate, at the foot of Alnwick's bustling pedestrianised high street. This highly recognisable building - originally constructed in the mid-19th century as a Savings Bank - has since served as a clockmaker's shop and now operates as a holiday let and retail unit. Fondly referred to by many as Alnwick's own Gringotts Bank, this local landmark is one of the most photographed and admired buildings in Alnwick, celebrated for its intricate stone carvings and distinctive architecture.
Dating back to circa 1850, the property offers a versatile layout comprising a ground floor commercial unit with additional basement space, as well as a beautifully presented multi-level residential apartment above, which has been successfully run as a high-performing holiday let since 2021. The vendor is happy to transfer all future holiday bookings to the new owner, offering immediate income upon purchase.
Property Overview
Originally built in the mid-19th century (circa 1850) as a Savings Bank
Type: Mixed-use (Retail + Residential)
Floor Area: Approx. 115 sq m (1240 sq ft) over five floors
Retail Area for voa (Ground & Basement): Approx. 359 sq ft
Tenure: Freehold
Council Tax/Business Rates: Tbc
Auction Status: For Sale by Auction - Fees Apply
Location
Location & connectivity
Alnwick is a historic and picturesque market town in Northumberland, located approximately 32 miles north of Newcastle upon Tyne and 5 miles inland from the North Sea coast.
By Road: Alnwick is directly accessed via the A1 dual carriageway, with a dedicated junction that brings you into the town via the A1068 or B6341. The A1 provides fast and direct access both north toward Berwick-upon-Tweed and the Scottish Borders, and south to Newcastle, Morpeth, and Durham. By Rail: The nearest mainline station is Alnmouth for Alnwick, approximately 4 miles to the east, easily accessible by car or local bus. The East Coast Main Line offers direct rail services to Edinburgh, Newcastle, York, and London King's Cross. By Air: Newcastle International Airport is about 35 miles to the south, reachable in 45 minutes by car, offering domestic and international flights.
Local Ameanities
Alnwick offers a range of excellent local amenities, including:
Alnwick Infirmary - a Minor Injuries Hospital with community health services
Supermarkets such as Morrisons, Sainsbury's, Lidl, and Marks & Spencer Food Hall
Educational facilities, from primary to secondary level
A bustling town centre with independent shops, cafes, and restaurants
Nearby tourist attractions include Alnwick Castle and The Alnwick Garden
Commercial Property Overview
Flat Accommodation Spread Across two floors
Room Descriptions
Ground Floor - Commercial Retail Unit
A beautiful double-fronted retail space full of light, with tall arched windows and period cornicing. A fantastic space for a boutique, studio, or continued commercial use. The space retains original wooden flooring and a decorative timber counter.
Note: Planning flexibility may allow for alternative business uses (STPP).
Basement Level - Storage & Cloakroom WC
Accessible via internal stairs, the basement offers dry storage rooms with ample shelving and a cloakroom WC, making it ideal for stock management, hobbyists, or auxiliary commercial purposes.
Flat Accommodation Overview
Flat Accommodation Spread Across Four Floors
First Floor - Holiday Let Living Area & Kitchen
Living Room: A stunning triple-bay windowed lounge with rich red dcor, high ceilings, and original sash windows. The space easily accommodates two sofas, coffee tables, and additional accent furniture.
Kitchen/Diner: A stylish, modern fitted kitchen with wooden countertops, ceramic hob, integrated oven, sink under a sash window, and room for a 4-seat dining table. Blue tile splashbacks add colour and charm.
Second Floor - Bedrooms
Bedroom One: Double bedroom with warm ochre walls, ample space for double bed, wardrobe, and bedside tables. Sash window with views over the town centre.
Bedroom Two: Larger of the two, with dual aspect windows, original decorative fireplace, and ample room for a king-size bed, wardrobes, and dressing area.
Third Floor- Bathroom
Bathroom: A luxurious family bathroom with a freestanding roll-top bath under a skylight, separate walk-in shower with glass enclosure, WC, and washbasin. Finished with statement floor tiles and feature walls in teal and navy.
Tenure
Freehold. Title number
Rateable Value
Current rateable value (1 April 2023 to present)
2,900
Council Tax Band
Council tax band for flat at 11 Narrowgate to be confirmed
Contact Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Investment
A terrific investment opportunity, with current rent of 16k per annum, Potential income for retail 600 per cal month.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
More information
Listed by
Pattinson - Commercial
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Pattinson - Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Pattinson - Commercial for full details and further information.