21-23 Bridge Street, Morpeth, NE61
Business rates & charges may apply
- SIZE
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- SECTOR
High street retail property for sale
Description
• 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
bathrooms and open plan kitchen / living areas.
• 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%.
Brochures
21-23 Bridge Street, Morpeth, NE61
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Morpeth Station0.4 miles
- Pegswood Station1.9 miles
Notes
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