- Morpeth is the strongest retailing market town in Northumberland, with a growing population that has risen from 13,500 to 21,500 and is forecast to reach 26,000
- A prime, multi-let retail and office investment situated on Bridge Street, the town’s principal shopping thoroughfare, flanked by Costa and Holland & Barrett
- Multi-let to seven tenants, providing a well-balanced blend of income
- Recent lettings have cemented a £50 per sq ft Zone A rate within the immediate pitch, with new upper floor lettings also evidencing rental growth
- The vendor has recently invested in external repairs, limiting further capital expenditure in the medium term
We have been instructed to seek offers in excess of £1,050,000 (One Million & Fifty Thousand Pounds). Off the current net rent of £95,851.21pa this provides a Net Initial Yield of 8.63%, rising to 9.89% based on the current market rents.