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The Old Stables Greys Yard 4,133 sq ft 100% Let Retail Property Morpeth NE61 1PY £495,000 (£119.77/sq ft) 10.23% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located in Morpeth, an attractive & affluent market town in Northumberland
- The town is popular with residents and tourists alike, with it’s medieval Castle and imposing bridges
- Morpeth has excellent transport links via road and rail to neighbouring towns and cities
- The property is situated on Greys Yard, a short walk from Bridge Street and the town centre
EXECUTIVE SUMMARY
Offers in excess of £495,000 (exclusive of VAT) reflecting a net initial yield of approximately 10.23 % assuming purchasers’ costs of 4.68%.
Attractive mixed use investment in highly sought after and affluent Northumberland location.
Attractive mixed use investment in highly sought after and affluent Northumberland location.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Property Size
4,133 sq ft
Costar Property Class
B
Year Built/Renovated
1899/2005
Price
£495,000
Price per sq ft
£119.77
Yield
10.23%
NOI
£50,639
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
1.29
Total Plot Size
0.07 ac
AMENITIES
- EPC - E
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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The Old Stables | Greys Yard
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