Enterprise Court, Cramlington, Northumberland, NE23 1LZ
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.
Chris Donabie
Interested in this property?
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Fergus Laird
Interested in this property?
Please contact me
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.
Terms
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.
