South Nelson Industrial Estate, South Nelson Road, South Nelson Industrial Estate, Cramlington, Northumberland, NE23 1WF
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
Fergus Laird
Interested in this property?
Please contact me
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.
