Apex Business Vlg
Cramlington NE23 7BF
Office Property For Sale
·
6,472 SF
INVESTMENT HIGHLIGHTS
- Allocated parking bays
- 2.5 miles from A1(M)
- 0.5 miles from A19
EXECUTIVE SUMMARY
The subject property is located within Apex Business Village, a popular and established business park, adjacent to Northumberland Business Park and with local and national occupiers. Apex Business Village is prominently located next to the A19 and A189 roundabout, providing access throughout the region and to the A1(M). The property is situated 2.2 miles south of Cramlington, 8 miles north of Newcastle upon Tyne city centre and 10 miles north of Morpeth.
PROPERTY FACTS Sale Pending
| Unit Size | 3,294 SF |
| No. Units | 1 |
| Total Building Size | 6,472 SF |
| Property Type | Office (Unit) |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 2 |
| Typical Floor Size | 3,236 SF |
| Year Built | 2008 |
AMENITIES
- EPC - C
- Roller Shutters
- Central Heating
- Suspended Ceilings
- Air Conditioning
1 UNIT AVAILABLE
Unit 9-10
| Unit Size | 3,294 SF |
| Unit Use | Office |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 9.70% |
| NOI | £32,495 |
DESCRIPTION
Subject property to compromise an adjacent pair of terraced mid-2000’s built office units of brick construction, beneath a pitched, tiled covered roof. At ground floor level the property comprises of an entrance lobby, two WC’s, an open plan office and small kitchenette. The first floor comprises cellular office accommodation. The subject property benefits from glass partitioning dividing the cellular office suites, carpeted flooring, perimeter trunking and double glazing. Externally, there are four allocated car parking spaces per unit and the estate provides for visitor parking.
SALE NOTES
The Freehold is available at an asking price of £335,000 (Three Hundred and Thirty Five Thousand Pounds).
