AVAILABLE
Mixed use investment opportunity in affluent Northumberland market town
Price:
£815,000 (9.23% NIY)
3,756 sq ft
INVESTMENT SUMMARY
Located in Morpeth, an attractive and affluent market town in Northumberland, with a population of approximately 12,000 and a County wide population in excess of 310,000.
Morpeth has excellent transport links via road and rail to neighbouring towns and cities.
The town is popular with residents and tourists alike, with its medieval castle and imposing bridges.
The property is situated on Newgate Street, close to Morpeth bus interchange, Morrisons Supermarket and The Sanderson Arcade. This is a popular shopping district.
Comprising a well-maintained Grade II listed building with off-street parking for up to four cars.
Entirely let to 12 tenants generating a total rent of £79,094.00 per annum.
We are instructed to seek offers in excess of £815,000 (exclusive of VAT) reflecting a net initial yield of approximately 9.23% assuming purchasers’ costs of 5.51%.
Property Details
Location Details
Morpeth, Northumberland
Sector
Retail, Office, Leisure
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An outstanding opportunity
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