Property photos
Offers over
£815,000
(£216.99/sq. ft)
Retail premises for sale
Newgate Street, Morpeth NE613,756 sq. ft
Local area information
Property location
Nearby amenities
- St Robert's Roman Catholic Voluntary Aided First School 0.1 miles
- Morpeth First School 0.3 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
• 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%.
• 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%.
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.