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10 Oldgate, Morpeth

£115,000
Oldgate 10 Morpeth NE61 1LX UK
10 Oldgate, Morpeth
Oldgate 10 Morpeth NE61 1LX UK
  • £115,000

Features

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

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

Downloads

Property Documents

Energy Performance Certificate
Brochure

Overview

  • Commercial, Sale
  • Property Type
  • 0
  • Bedroom
  • 0
  • Bathroom

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