£241,000
(£125.00/sq. ft)
Light industrial for saleBassington Lane, Cramlington NE23
From 2,000 - 2,173 sq. ft
About this property
Freehold tenanted investment 8.5% yield
Total rental income - £20,540p.a.
Freehold
10 year full repairing and insuring lease
For sale – Freehold industrial investment opportunity let on a new 10-year Full Repairing and Insuring (Fri) lease, featuring rent reviews linked to the higher of rpi or market rent.
The property comprises a brick-built industrial unit beneath a profiled sheet roof, benefiting from convenient full-height roller shutter loading access alongside a separate pedestrian entrance.
Extending to approximately 2,300 sq ft, the accommodation includes newly refurbished first-floor office space finished with modern wood-effect laminate flooring. Practical ground-floor amenities include separate male and female WC facilities.
Location
Cramlington is a thriving and well-established town in South East Northumberland, situated approximately 9 miles north of Newcastle upon Tyne. Originally developed on historic coal-mining land, it has evolved into a vibrant community offering a strong mix of residential, industrial, retail, and green open spaces.
Connectivity:
The town boasts excellent transport links, featuring a railway station on the East Coast Main Line with direct services to Newcastle, Morpeth, and the MetroCentre. In addition to local bus routes, the property provides rapid and easy access to the major A1, A19, and A189 road networks.
The property comprises a brick-built industrial unit beneath a profiled sheet roof, benefiting from convenient full-height roller shutter loading access alongside a separate pedestrian entrance.
Extending to approximately 2,300 sq ft, the accommodation includes newly refurbished first-floor office space finished with modern wood-effect laminate flooring. Practical ground-floor amenities include separate male and female WC facilities.
Location
Cramlington is a thriving and well-established town in South East Northumberland, situated approximately 9 miles north of Newcastle upon Tyne. Originally developed on historic coal-mining land, it has evolved into a vibrant community offering a strong mix of residential, industrial, retail, and green open spaces.
Connectivity:
The town boasts excellent transport links, featuring a railway station on the East Coast Main Line with direct services to Newcastle, Morpeth, and the MetroCentre. In addition to local bus routes, the property provides rapid and easy access to the major A1, A19, and A189 road networks.
Mortgage calculator
Monthly repayment
£1,205 per month
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