This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
10 Oldgate
306 SF Retail Condo Unit Offered at $207,283 CAD in Morpeth NE61 1LX
Investment Highlights
- Prominent Main Road Position
- 15 miles from Newcastle upon Tyne
- On Street Parking
Executive Summary
The subject property is a storefront retail area situated on Oldgate centrally within Morpeth. Approximately 15 miles from Newcastle upon Tyne city centre and is also in close proximity to the A1 which serves as the main arterial route to the north and south.
Property Facts
| Price | $207,283 CAD | Sale Type | Investment |
| Unit Size | 306 SF | Floors | 2 |
| No. Units | 1 | Typical Floor Size | 153 SF |
| Total Building Size | 306 SF | Year Built | 1960 |
| Property Type | Retail (Condo) | Tenancy | Single |
| Property Subtype | Storefront | Lot Size | 0.04 AC |
| Price | $207,283 CAD |
| Unit Size | 306 SF |
| No. Units | 1 |
| Total Building Size | 306 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Sale Type | Investment |
| Floors | 2 |
| Typical Floor Size | 153 SF |
| Year Built | 1960 |
| Tenancy | Single |
| Lot Size | 0.04 AC |
1 Unit Available
Unit 10 Oldgate
| Unit Size | 306 SF | Sale Type | Investment |
| Price | $207,283 CAD | Tenure | Freehold |
| Price Per SF | $677.40 CAD | Cap Rate | 7.04% |
| Condo Use | Retail | NOI | $14,592.75 CAD |
| Unit Size | 306 SF |
| Price | $207,283 CAD |
| Price Per SF | $677.40 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 7.04% |
| NOI | $14,592.75 CAD |
Description
The property occupies the ground floor of a mid-terrace three storey property with pitched slate roof. It is currently tenanted by Terriques Antique Emporium, with a 3 year lease in place, from June 2024.
Sale Notes
Ground Floor Commercial Investment generating Yield of 7.04% on guide price.
Freehold £115,000.
Nearby Major Retailers
Presented by
10 Oldgate
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.