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The Old Stables Greys Yard 4,133 SF 100% Leased Retail Building Morpeth NE61 1PY $921,766 CAD ($223.03 CAD/SF) 10.23% Cap Rate
INVESTMENT HIGHLIGHTS
- Located in Morpeth, an attractive & affluent market town in Northumberland
- The town is popular with residents and tourists alike, with it’s medieval Castle and imposing bridges
- Morpeth has excellent transport links via road and rail to neighbouring towns and cities
- The property is situated on Greys Yard, a short walk from Bridge Street and the town centre
EXECUTIVE SUMMARY
Offers in excess of £495,000 (exclusive of VAT) reflecting a net initial yield of approximately 10.23 % assuming purchasers’ costs of 4.68%.
Attractive mixed use investment in highly sought after and affluent Northumberland location.
Attractive mixed use investment in highly sought after and affluent Northumberland location.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Building Size
4,133 SF
Building Class
B
Year Built/Renovated
1899/2005
Price
$921,766 CAD
Price Per SF
$223.03 CAD
Cap Rate
10.23%
NOI
$94,297 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.29
Lot Size
0.07 AC
AMENITIES
- Energy Performance Rating - E
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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The Old Stables | Greys Yard
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