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UNDER OFFER

Enterprise Court, Cramlington, Northumberland, NE23 1LZ

£2,500,000

£82.20 per sq ft

Business rates & charges may apply

Naylors Gavin Black LLP, Newcastle Upon Tyne
SIZE AVAILABLE

30,415 sq ft

2,826 sq m

SECTOR

Office for sale

Key features

  • INVESTMENT HIGHLIGHTS
  • Fully let own front door office scheme with three on site car parking
  • Totalling 30,415 sq ft
  • Total net rental income £193,109 per annum
  • Very low average passing rent
  • Asset management opportunities
  • Net initial yield 7.26%
  • Low £82.20 psf capital value.

Description

Location

Enterprise Court is located to the west of Cramlington Centre in a mixed commercial location.

The busy and 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 property comprises six terraces of own front door self contained offices which are of steel portal frame construction with brick elevations under pitched tile roofs.

Car parking is located outside the front of each property.


Services

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

Tenure Comments

The property is held by way of a 125 year long ground lease at a peppercorn from 3rd December 1990.

The occupational tenancies are generally drawn on internal repairing and insuring basis with a Maintenance Rent payable to cover landlords costs.

EPC

An EPC is available on request.

Legal Costs

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

Brochures

Enterprise Court, Cramlington, Northumberland, NE23 1LZ

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Cramlington Station0.8 miles
  • Morpeth Station5.5 miles
  • Northumberland Park Metro Station5.6 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 3133FH. 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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