News

Mixed Use Investment in Morpeth Town Centre sold for Private Client

We are pleased to confirm that this attractive Grade II Listed property in Morpeth Town Centre was sold by Johnson Tucker in Q4 2017 for £730,000 reflecting an attractive net initial yield of approximately 8.50%.
The property was extensively refurbished in 2008/2009 both internally and externally and arranged to provide seven retail and office premises plus secure parking for up to 4 cars within a gated rear yard.
The property is prominently position on Newgate Street, close to Morpeth Town Centre, The Sanderson Arcade and Market Place. Other nearby occupiers on Newgate Street include Age UK, Lloyds Bank, Barnados, Subway and Boots, among other national and regional occupiers.
We have a number of similar investment opportunities hitting the market in Q1 2018. If you would like more information please contact our investment agent; Daniel Capobasso on 0191 269 7897 or email: danielc@johnsontucker.co.uk