Bassington Lane Industrial Estate, Bassington Lane, Cramlington, Northumberland, NE23 8AD
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.
Chris Donabie
Interested in this property?
Please contact me
Fergus Laird
Interested in this property?
Please contact me
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.
Terms
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.
