Property photos
Offers over
£805,000
(£109.61/sq. ft)
Retail premises for sale
Market Place, Morpeth NE617,344 sq. ft
Local area information
Property location
Nearby amenities
- St Robert's Roman Catholic Voluntary Aided First School 0.1 miles
- Morpeth First School 0.2 miles
- Morpeth 0.5 miles
- Pegswood 1.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Morpeth to find out more about the local area.
Features and description
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.
• 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.
More information
Listed by
Delta Capital Property Investment
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Property descriptions and related information displayed on this page are marketing materials provided by - Delta Capital Property Investment. 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 Delta Capital Property Investment for full details and further information.