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Property details
Map & nearby

Commercial property for sale in Oldgate, Morpeth

Investment

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Commercial property for sale

Property features

Ground floor commercial investment
Rental income of £8100 per annum
Yield of 7.04% on asking price
Fantastic location next to the Morpeth Clock Tower
Walking distance to Morpeth Park
Great investment opportunity

Property description

Property for sale. Commercial investment. Rental income £8,100 per annum. Generating a yield of 7.04% on the asking price.

Well presented retail unit on popular street, in affluent market town. Current retail tenant, trading as an antique sales business. 3 year lease in place, from 2023. Located next to Morpeth Clock Tower. On street parking and nearby car parks. Walking distance to Morpeth Park.

*Rent increase to £8,400 per annum, from 2025

EPC: C

Freehold £115,000

Ref: I019

Property info

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Rook Matthews Sayer - Commercial, and do not constitute property particulars. Please contact Rook Matthews Sayer - Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.