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30-32 Newgate St

3,756 SF 100% Leased Retail Building Morpeth NE61 1BA $1,472,088 CAD ($392 CAD/SF) 9.23% Cap Rate

Storefront Properties Northumberland Morpeth 30-32 Newgate St, Morpeth, NBL NE61 1BA

Investment Highlights

  • Located in Morpeth, an attractive and affluent market town in Northumberland
  • Morpeth has excellent transport links via road and rail to neighbouring towns and cities
  • The property is situated on Newgate Street

Executive Summary

Instructed to seek offers in excess of £815,000 (exclusive of VAT) reflecting a net initial yield of approximately 9.23% assuming purchasers’ costs of 5.51%.

Attachments

Marketing Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
3,756 SF
Building Class
B
Year Built
1915
Price
$1,472,088 CAD
Price Per SF
$392 CAD
Cap Rate
9.23%
NOI
$135,874 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.73
Lot Size
0.03 AC
Frontage
20 ft on Newgate Street

Amenities

  • Storage Space
1 of 1

Nearby Major Retailers

Iceland
Santander
HSBC
Lidl
Lounges
Snap Fitness
Morrisons
Costa Coffee
Natwest
Sainsbury's
+44 1670 333527

Contact

  • Listing ID: 34077559

  • Date on Market: 2024-12-04

  • Last Updated:

  • Address: 30-32 Newgate St, Morpeth NE61 1BA

The Retail Property at 30-32 Newgate St, Morpeth, NE61 1BA is currently available for sale. Contact Delta Capital Property Investment for more information.

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30-32 Newgate St
+44 1670 333527 x

30-32 Newgate St

Daniel Capobasso

+44 1670 333527

+44 1670 333527

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