Brochure / Documents
Enquire Now
Book a Viewing

South Nelson Industrial Estate, South Nelson Road, South Nelson Industrial Estate, Cramlington, Northumberland, NE23 1WF

Industrial
31,762 Sq Ft (2,950.69 Sq M)
For Sale
£1,600,000

The estate comprises 19 industrial units.

10 are let on occupational leases and 9 by way of long leasehold interests.

£129,788 pa income.

Net initial yield 7.64%.

Highly reversionary.

Multiple asset management angles.

Chris Donabie

Interested in this property?
Please contact me

chrisd@naylorsgavinblack.co.uk 0191 232 7030

Fergus Laird

Interested in this property?
Please contact me

fergus@naylorsgavinblack.co.uk 0191 232 7030
1/8

Location

South Nelson Industrial Estate is located within a busy commercial area north west of Cramlington Town Centre. The dualled A189 Spine Road, accessed via the A192 is nearby, as is the A1 linking Northumberland, Scotland in the north with Newcastle and the south.

Description

The estate comprises a number of terraced, semi-detached or detached units dating from the late 1970's. The units are of steel portal frame construction with profile steel cladding under pitched profile steel roofs. Each unit benefits from full height roller shutter doors.

Terms

Freehold subject to the long leasehold and occupational tenancies which are drawn on effectively fully repairing and insuring terms by way of a service charge and as detailed within the schedule.