We are very pleased to confirm that in February 2021 Johnson Tucker sold this attractive mixed use investment opportunity in the centre of Morpeth; an affluent market town approximately 14 miles north of Newcastle. The town boasts excellent transport links, being close to the A1(M) with bus and train stations close to the town centre.
The subject property is located a short walk from Bridge Street and the town centre accessed from New Market, which links to the roundabout at the intersection of Bridge Street, Newgate Street and Oldgate, very close to Morpeth Clock Tower and HSBC.
The Old Stables are immediately next door to The Electrical Wizard (Wetherspoons) and adjacent to Morpeth Riverside Leisure Centre and Car Park.
The property is entirely let to 5 tenants generating a total income of £43,500 per annum.
The property was extremely sought after, having carried out multiple of viewings and receiving a number of offers, the sale was eventually drawn to a close by inviting best and final offers. The sale price achieved was in excess of asking price.
If you would like more information on this investment sale or any other investments listed on our website please contact Daniel Capobasso on 07968 618 948 or email firstname.lastname@example.org. Please feel free to subscribe to our investment property mailing list to receive the latest investment opportunities.