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Apex Business Vlg, Cramlington

Office for sale

£445,000 6,472 sq ft

Bradley Hall Ltd
Highlights
  • Popular and established business park
  • Local and national occupiers including Browell Smith & Co, Cenelec Standards Inspections and Howard Russell Construction Ltd
  • Apex Business Village is prominently located next to the A19 and A189 roundabout, providing access throughout the region and to the A1(M)
  • Newcastle upon Tyne city centre is 8 miles to the south and Morpeth is 10 miles to the north
Property type

Office for sale Search all

Full address
Apex Business Vlg, Cramlington NE23 7BF – Cramlington
Asking price
£445,000
Available space range
There is 1 space available. This measures 6,472 sq ft.
Features
Air conditioning, Energy Performance Rating - C, Roller shutters, Central heating, Suspended ceilings
Brochure
Download the brochure
Contacts

Nicholas Bramwell - Bradley Hall Ltd

Richard Rafique - Bradley Hall Ltd

Sale details

Sale unit 4037419 Available

6,472 sq ft, £68.76 per sq ft

Unit Sale unit 4037419
Address Apex Business Vlg, Cramlington, Northumberland, NE23 7BF, GB
Size 6,472 sq ft
Price £445,000
Price per unit £68.76 per sq ft
  • The property is currently occupied by european vehicle contracts ltd t/a eurodrive motor finance who have been in occupation since 2005. the tenant is to commit to a new 10 year lease on fri terms at a rent of £32,400 per annum, subject to a tenant break option at the anniversary of the 5th year (subject to 6 months prior written notice).
  • The accommodation is available by way of freehold with a price of £445,000 (four hundred and forty five thousand pounds).
  • A sale at this figure would equate to a net initial yield of 6.97%, assuming purchasers costs at 4.44%.
Sale type Investment
Tenure Freehold
More building details Less building details

Property facts for Apex Business Vlg, Cramlington

The properties comprise two adjoining high specification office buildings which are arranged over ground and first floors. The properties benefit from air conditioning, double glazing throughout, suspended ceilings, category II lighting, electrically operated security shutters to ground floor, intruder alarm system, impressive atrium and allocated car parking, together with additional car parking for visitors.

Number of storeys
2
Rentable building area
6,472 sq ft
Year built
2008

Attachments

PDF #1 Marketing brochure/flyer Download

This office for sale is located in Cramlington.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Bradley Hall Ltd. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Bradley Hall Ltd for full details and further information.