Summary - AMERICAN AIR FILTER LTD, BASSINGTON LANE NE23 8AF
1 bed 1 bath Light Industrial
**Standout Features:**
- **8.5% Yield:** Highly attractive return on investment.
- **10-Year Fully Repairing and Insuring Lease:** Secure long-term rental term in place.
- **Spacious Industrial Unit:** 2152 sq ft with high ceilings and open-plan design.
- **Freehold Ownership:** No leasehold concerns for buyers.
- **Excellent Transport Links:** Close proximity to major roads, railway station, and Newcastle International Airport.
**Property Overview:**
Discover a prime investment opportunity with this expansive freehold industrial unit in Cramlington, NE23 8AF. Spanning over 2152 square feet, the property boasts a striking industrial design featuring high ceilings and steel beams, making it ideal for a variety of commercial uses. Currently fully let on new 10-year FRI leases, this unit ensures a steady income stream with an attractive 8.5% yield.
Cramlington is strategically located, only 9 miles from Newcastle upon Tyne, and benefits from excellent transport connections and a diverse mix of residential and commercial amenities. While the surrounding area does have a high crime rate and neighborhood deprivation, the property offers significant potential for rental income in a transitioning market.
Don’t miss out on this opportunity to secure a robust asset in an industrious locale. Whether you’re an investor looking to grow your portfolio or seeking a property with future renovation potential, this unique industrial space is ready for its next chapter. Act quickly—opportunities like this don’t last.
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