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UNDER OFFER

Bassington Lane Industrial Estate, Bassington Lane, Cramlington, Northumberland, NE23 8AD

£1,500,000

£40.89 per sq ft

Business rates & charges may apply

Naylors Gavin Black LLP, Newcastle Upon Tyne
SIZE AVAILABLE

36,685 sq ft

3,408 sq m

SECTOR

Light industrial facility for sale

Key features

  • Fully let Estate comprising 17 industrial units.
  • Totalling 36,685 sq ft
  • Total net rental income £123,717 pa
  • Very low average passing rent
  • Most tenants holding over, providing asset management opportunities
  • Net initial yield 7.7%
  • Low £40.89 psf capital value.

Description

Location

Bassington Lane Industrial Estate is located to the west of Cramlington in a prominently industrial area.

The busy dualled A189 Spine Road is accessed via the nearby A192, as is the A1 linking Northumberland and the north with Newcastle and the south.


Description

The estate comprises three terraces of industrial units, all of steel construction with brick and profile cladding and roller shutter doors. Two of the terraces benefit from secured fenced forecourts.


Services

Data Room

Access to a comprehensive data room containing title, lease, service charge information is available to interested parties on request.

Tenure Comments

Freehold subject to the occupational tenancies which are drawn on effectively fully repairing and insuring terms via service charge and as detailed within the schedule.

EPC

An EPC is available on request.

Legal Costs

Each party to be responsible for their own legal costs incurred in this transaction.

Brochures

Bassington Lane Industrial Estate, Bassington Lane, Cramlington, Northumberland, NE23 8AD

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Cramlington Station0.7 miles
  • Newcastle Airport Tram Stop5.2 miles
  • Palmersville Tram Stop5.4 miles

About Naylors Gavin Black LLP, Newcastle Upon Tyne

Hadrian House, Higham Place, Newcastle Upon Tyne, NE1 8AF

As commercial property specialists for the North East, Naylors have their head office in the heart of Newcastle. The firm was founded twenty years ago by Bill Naylor, managing director, and has retained its independence, growing to become one of the most respected practices in the area.

This is reflected in Naylors being invited to represent the North East through membership of PAI, a prestigious organisation of like-minded professionals covering most of the Uk.

Today, Naylors handle a wide range of commercial and industrial properties in an area that stretches from Yorkshire to Northumberland and beyond. Our client list includes every kind of organisation from public bodies and national chains to local SME companies.

It is the quality of our people that makes the difference. Fully qualified professionals with a commitment to their clients’ interest and the in-depth knowledge to provide a tailor-made service.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 3132FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Naylors Gavin Black LLP, Newcastle Upon Tyne. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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