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UNDER OFFER

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

£1,600,000

£50.37 per sq ft

Business rates & charges may apply

Naylors Gavin Black LLP, Newcastle Upon Tyne
SIZE AVAILABLE

31,762 sq ft

2,951 sq m

SECTOR

Light industrial facility for sale

Key features

  • 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.

Description

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.

Tenure Comments

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.

Brochures

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

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Cramlington Station0.6 miles
  • Northumberland Park Metro Station5.5 miles
  • Morpeth Station5.5 miles

About Naylors Gavin Black LLP, Newcastle Upon Tyne

One Strawberry Lane Newcastle Upon Tyne NE1 4BX

As commercial property specialists for the North East, Naylors have their head office in the heart of Newcastle. The firm was founded twenty years ago by Bill Naylor, managing director, and has retained its independence, growing to become one of the most respected practices in the area.

This is reflected in Naylors being invited to represent the North East through membership of PAI, a prestigious organisation of like-minded professionals covering most of the Uk.

Today, Naylors handle a wide range of commercial and industrial properties in an area that stretches from Yorkshire to Northumberland and beyond. Our client list includes every kind of organisation from public bodies and national chains to local SME companies.

It is the quality of our people that makes the difference. Fully qualified professionals with a commitment to their clients’ interest and the in-depth knowledge to provide a tailor-made service.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 3154FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Naylors Gavin Black LLP, Newcastle Upon Tyne. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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