Commercial properties for sale in Stobhill Manor, Morpeth, Northumberland, Restaurant, this area only

INVESTMENT SUMMARY Entirely let to Peacocks Stores Limited and local Chinese restaurant Generating a total rent of £80,000 per annum, WAULT to break 4.63 years, lease end 6.03 years Located in Morpeth, an attractive and affluent market town in Northumberland Located on Market Place, which is considered the historic heart of Morpeth, immediately next to Tomahawk Steak House Total floor area of 682 sqm / 7,344 sq ft over ground, first and second floors The property has an EPC rating of C Freehold We are instructed to seek offers in excess of £945,000 (exclusive of VAT), reflecting a net initial yield of 8.00% assuming standard purchasers' costs of 5.69%. A sale at £945,000 reflects a low capital value of only £129 psf.