Sale by tender
Property for saleThe Old Stables, Greys Yard, Oldgate, Morpeth NE61
4,222 sq. ft
Just added
Freehold
About this property
Freehold two-storey brick-built building arranged as five office suites
Four suites let, one suite vacant
Total NIA 392.22 sq m (4,222 sq ft)
Currently Producing £41,000 p.a. To potentially increase to £50,500 p.a. (subject to the letting of Suite 2 - *see note 2)
Description
The property is situated on Greys Yard, a short walk from Bridge Street and the town centre; comprising of a well maintained two storey brick-built building which has been subdivided into five suites; three on the ground floor and two on the first floor. With car parking for approximately 9 cars (* see note 1).
Location
Located in Morpeth, an attractive and affluent market town in Northumberland enjoys a central location within reach of several major cities. Newcastle upon Tyne, the closest major city, is situated just 9 miles to the south. Edinburgh, Leeds & Glasgow are also within a comfortable driving distance, ranging from 85 to 120 miles.
Morpeth offers excellent transport connections to major cities across the UK. Its strategic position on the A1 trunk road and the East Coast Mainline makes it an ideal base for tourists and residents alike. The town’s local bus network further enhances mobility, linking Morpeth to surrounding towns and villages.
The Old Stables are immediately next door to The Electrical Wizard (jd Wetherspoons) and adjacent to Morpeth Riverside Leisure Centre and Car Park.
Terms
Guide Price: £350,000+ for the Freehold interest.
Further Information
Note (1)
We are advised that there is an informal arrangement with Northumberland Council in relation to the 9 parking spaces. The Receivers are in the process of agreeing terms with Northumberland Council at £3,600 p.a. With a view to entering into a lease / licence agreement. Prospective purchasers are advised to refer to the legal pack in this regard.
Note (2)
Suite 2 is currently in the process of being let on a fr&I lease for 5 years from January 2026 with a break clause scheduled in January 2028 at a rent of £9,500 p.a. Prospective purchasers are advised to refer to the legal pack in this regard.
The property is situated on Greys Yard, a short walk from Bridge Street and the town centre; comprising of a well maintained two storey brick-built building which has been subdivided into five suites; three on the ground floor and two on the first floor. With car parking for approximately 9 cars (* see note 1).
Location
Located in Morpeth, an attractive and affluent market town in Northumberland enjoys a central location within reach of several major cities. Newcastle upon Tyne, the closest major city, is situated just 9 miles to the south. Edinburgh, Leeds & Glasgow are also within a comfortable driving distance, ranging from 85 to 120 miles.
Morpeth offers excellent transport connections to major cities across the UK. Its strategic position on the A1 trunk road and the East Coast Mainline makes it an ideal base for tourists and residents alike. The town’s local bus network further enhances mobility, linking Morpeth to surrounding towns and villages.
The Old Stables are immediately next door to The Electrical Wizard (jd Wetherspoons) and adjacent to Morpeth Riverside Leisure Centre and Car Park.
Terms
Guide Price: £350,000+ for the Freehold interest.
Further Information
Note (1)
We are advised that there is an informal arrangement with Northumberland Council in relation to the 9 parking spaces. The Receivers are in the process of agreeing terms with Northumberland Council at £3,600 p.a. With a view to entering into a lease / licence agreement. Prospective purchasers are advised to refer to the legal pack in this regard.
Note (2)
Suite 2 is currently in the process of being let on a fr&I lease for 5 years from January 2026 with a break clause scheduled in January 2028 at a rent of £9,500 p.a. Prospective purchasers are advised to refer to the legal pack in this regard.
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Monthly repayment
£1,750 per month
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