Summary - AMERICAN AIR FILTER LTD, BASSINGTON LANE NE23 8AF
1 bed 1 bath Light Industrial
**Standout Features:**
- **Exceptional Yield**: 8.5% yield on investment.
- **Leased Property**: Fully let on new 10-year FRI leases.
- **Spacious**: 2,173 sq ft industrial unit.
- **Location**: Situated in Cramlington, NE23, a town with strong industrial ties and excellent transport links.
- **Freehold Status**: Secure ownership with potential for versatility.
- **Condition**: Externally in excellent condition with functional architectural design.
- **Community Resources**: Nearby amenities include schools with good Ofsted ratings.
**Summary:**
Explore this prime industrial investment opportunity in the heart of Cramlington, NE23, boasting a substantial 2,173 sq ft space that comes with a promising 8.5% yield. This fully let property features robust construction with a mix of metal cladding and brick façade, secured gated entrances, and ample operational space—perfect for various industrial or commercial pursuits. The unit benefits from a strategic location with excellent transport connections, including direct rail service to Newcastle, positioning you well within the thriving Northumberland business landscape.
While the surrounding area is classified as having high crime rates and significant deprivation, it presents a unique opportunity in a transitioning community ripe for growth. With the property held under freehold tenure and the potential for versatile renovations, the investment is poised for long-term appreciation. Envision the possibilities of owning a property that not only provides immediate returns but also is situated in an industrious area that could experience future uplift. Don't miss this chance to secure a solid investment in a growing locale—properties like this don’t stay on the market for long!
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