Summary - 21 21 21 21 21 21 21 21-23 Bridge Street, Morpeth, NE61 NE61 1NT
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Large mixed-use property located in a prominent town center.
- 1-bedroom, 1-bathroom apartment upstairs, with contemporary design.
- Ground floor retail space leased to Boots Opticians and Greggs, generating substantial annual income.
- Recently remodeled modern kitchen in the residential unit.
- Total living space of 3,021 square feet, allowing for various investment opportunities.
- Excellent mobile signal and decent plot size.
**Potential Downsides:**
- Crime rate in the area is notably high.
- Broadband speeds may be slower than desired.
- Average area deprivation may affect local amenities and services.
This remarkable mixed-use property in NE61 1NT combines retail and residential potential with a solid return on investment. Currently generating a total rent of £96,240 per annum, 70% from well-known national retailers like Boots Opticians and Greggs, it promises a lucrative net initial yield of 7.0%. The contemporary style apartments are outfitted with modern kitchens and spacious living areas, ideal for families or young professionals looking to establish roots in a vibrant urban setting.
While the area does face challenges with high crime rates and slow broadband, the bustling town center offers a wealth of amenities—from cafes and bakeries to pharmacies and fitness centers—ensuring a convenient lifestyle. Don’t miss out on this unique opportunity, as properties of this nature with strong rental income and transformation potential are becoming increasingly rare. Invest now and secure your foothold in an evolving urban hotspot!
High street retail property for sale in 50 Bridge Street, Morpeth, NE61 — £325,000 • 1 bed • 1 bath • 1325 ft²
Shop for sale in Bondgate Within, Alnwick, Northumberland, NE66 — £260,000 • 1 bed • 1 bath • 2073 ft²
Commercial property for sale in Newgate Street, Morpeth, NE61 — £875,000 • 1 bed • 1 bath
Mixed use property for sale in 22 A-F Fenkle Street, Alnwick, Northumberland, NE66 — £299,950 • 1 bed • 1 bath • 1826 ft²
High street retail property for sale in Park Road, Wallsend, NE28 — £275,000 • 1 bed • 1 bath • 1647 ft²
Commercial property for sale in 66-70 Medomsley Road, Consett, DH8 5HP, DH8 — £300,000 • 1 bed • 1 bath • 3634 ft²
