AVAILABLE
Substantial retail & leisure investment in affluent Northumberland market town with low capital value
Price:
£805,000 (7.30% NIY)
7,344 sq ft
INVESTMENT SUMMARY
Entirely let to Peacocks Stores Limited and local
Italian restaurant trading as Gianni’s
Generating a total rent of £62,000 per annum
Located in Morpeth, an attractive and affluent market town in Northumberland
Located on Market Place, which is considered the historic heart of Morpeth immediately next to Tomahawk Steak House
Total floor area of 682 sqm / 7,344 sq ft over ground, first and second floors
The property has an EPC rating of C
Freehold
We are instructed to seek offers in excess of £805,000 (exclusive of VAT), reflecting a net initial yield of 7.30% assuming standard purchasers’ costs of 5.50%.
A sale at £805,000 reflects a low capital value of only £110 psf.
Property Details
Location Details
Morpeth, Northumberland
Sector
Leisure, Retail
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An outstanding opportunity
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