An outstanding multi-tenancy investment opportunity poised to capitalise on Morpeth's burgeoning boutique tourism profile.
• Underpinned by a long term lease to Morpeth Pharmacy, plus a 71m²* retail space + ATM
• Zone E1: Local Centre
• Rear access with parking
• High profile location in bustling Swan Street
For Sale: $1,350,000
*Approximately
The size of Morpeth is approximately 4.8 square kilometres. It has 2 parks covering nearly 4.3% of total area. The population of Morpeth in 2011 was 1,261 people. By 2016 the population was 1,403 showing a population growth of 11.3% in the area during that time. The predominant age group in Morpeth is 60-69 years. Households in Morpeth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Morpeth work in a professional occupation. In 2011, 74.8% of the homes in Morpeth were owner-occupied compared with 67.4% in 2016.
Morpeth has 894 properties. Over the last 5 years, Houses in Morpeth have seen a 53.37% increase in median value, while Units have seen a 45.37% increase. As at 30 November 2024:
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