- 14,424sq ft sq ft mixed use building in the attractive Market Town
- Morpeth is an affluent commuter town servicing Newcastle upon Tyne
- 87.5% of the income secured to Let to the undoubted covenant of The Secretary of State for Communities and Local Government
- Uncapped CPI rent review on 87.5% of the income
- Government recently removed their break clause
- Low office rent of just £13.56per sq ft
Offers sought in excess of £3,250,000 (Three Million, Two Hundred & Fifty Thousand Pounds) reflecting a net initial yield of 7.20% assuming purchaser’s costs of 6.48%.