Offers over
£805,000
(£109.61/sq. ft)
Retail premises for saleMarket Place, Morpeth NE61
7,344 sq. ft
About this property
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.
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