2 bedroom Unspecified Property Type For Sale
21-23 Bridge Street, Morpeth, NE1 6EE
£1,300,000
For Sale
Key Details
Status
For Sale
bedrooms
2
property type
Unspecified Property Type
Property Description
Prominent Freehold town centre mixed use retail and residential investment.
- Let to Boots Opticians at �29,440 per annum until May 2029.
- Let to Greggs Plc at �30,500 per annum until December 2025.
- Ground floor retail totals 280.7m² (3,021ft²).
- Upper floors converted to provide 4 self-contained 2 bed apartments all with en-suite
- Total rent passing of �96,240 per annum, 70% of which is let to national retailers.
- We are instructed to seek offers in excess of �1,300,000 equating to a net initial yield of 7.0% assuming purchasers costs at 5.51%.
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