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10 Oldgate, Morpeth
£115,000
10 Oldgate, Morpeth
Oldgate 10 Morpeth NE61 1LX UK
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
Overview
- Commercial, Sale
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