Fully-Let Grade II Listed Investment Sold in Morpeth

Delta Capital Property Investment is delighted to announce the successful completion of the sale of a fully-let commercial investment property on Newgate Street, Morpeth. The property, which completed in November 2025, was sold for £735,000.

The investment comprises a prominent, well-maintained Grade II listed building, generating a total rental income of £79,094.00 per annum from 12 separate tenants. The sale price reflects an attractive net initial yield of 10.2% for the purchaser.

The property is prominently situated on Newgate Street, a popular shopping district close to the Morpeth bus interchange, Morrisons Supermarket, and The Sanderson Arcade.

Located in the affluent and attractive Northumberland market town of Morpeth, the area is popular with residents and tourists alike and benefits from excellent transport links. The asset itself is a character-rich, Grade II listed building which is well-maintained and includes the rare benefit of off-street parking for up to four cars.

This secure investment is fully let to 12 tenants, providing a strong and diverse income stream.

"We were very pleased to manage this sale and secure a successful result for our client. This transaction highlights the continued investor demand for well-located, multi-let assets with strong income fundamentals."

Daniel Capobasso, Managing Director