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COMMERCIAL

10 Oldgate, Morpeth

£115,000
Rook Matthews Sayer, Newcastle Upon Tyne - Commercial Properties
PROPERTY TYPE

Commercial Property

SIZE

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Key features

  • Ground floor commercial investment
  • Rental income of £8100 per annum
  • Yield of 7.04% on asking price
  • Fantastic location next to the Morpeth Clock Tower
  • Walking distance to Morpeth Park
  • Great investment opportunity

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

Brochures

Property BrochureFull Details

Energy Performance Certificates

Energy Performance Certificate

10 Oldgate, Morpeth

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Morpeth Station0.5 miles
  • Pegswood Station2.0 miles

About Rook Matthews Sayer, Newcastle Upon Tyne - Commercial Properties

Newcastle House Albany Court, Newcastle Business Park, Newcastle Upon Tyne, NE4 7YB
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1Industry affiliation logo 2

Rook Matthews Sayer Business Sales and Rook Matthews Sayer Commercial are divisions of RMS which is widely recognised as one of the region's leading names in property services.

RMS employs around 120 people in the group's 16 offices with our dedicated business sales and commercial department based at our Head Office in Newcastle dealing with a wide range of businesses and property throughout the North East from North Yorkshire to the Scottish Borders.

We have over 40 years of experience in advising buyers and sellers of businesses and our market leading service is uniquely placed to maximise value

Notes

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Disclaimer - Property reference 12406583. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Rook Matthews Sayer, Newcastle Upon Tyne - Commercial Properties. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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