Reversionary Multi-Let Industrial Investment, Cramlington
Stephenson Court, Barrington Industrial Estate, Bedlington, NE22 7DQ
Investment, Industrial
34,829 Sq Ft
£2,300,000 for the Freehold
For Sale
Chris Donabie
Interested in this property?
Please contact me
chrisdonabie@naylors.co.uk 0191 232 7030
Find out more
About the property
The property comprises two traditional industrial terraces together with a detached industrial unit. In total, there are 19 units ranging in size from approximately 1,200 sq. ft to 6,000 sq. ft .
The terraced units are of steel portal frame construction with brick/blockwork elevations to approximately 2 metres, under a profiled insulated metal clad roof. Specification includes a mix of LED and fluorescent strip lighting, and electric or manual roller shutter doors. Eaves heights range from approximately 3.6 metres to 5.75 metres at the apex, while all roller shutter doors measure approximately 3.0 metres wide by 3.0 metres high.
The detached industrial unit is of steel frame construction with brick/blockwork elevations beneath a pitched profiled metal roof. The unit benefits from a manual roller shutter door opening onto a loading/parking area and is fitted with fluorescent lighting throughout. Internally, it also incorporates two small office areas and is currently occupied as a metalworking facility.
Key features
Modern multi-let industrial estate, comprising 19 units
Located on the well-established, Barrington Industrial Estate in Bedlington
Freehold
Total passing rent of £179,566 per annum exclusive
Total GIA of 3,236 sq. m (34,829 sq. ft)
Low average rent of £5.50 psf
Seeking offers in excess of £2,300,000 exclusive of VAT showing a net initial yield of 7.34% after standard purchaser costs
Potential reversion to over 10.75%
This shows a low capital value of £66.08 psf
Location
Stephenson Court is located within the well-established Barrington Industrial Estate in Bedlington, one of Northumberland's principal industrial locations. The estate is home to a diverse range of occupiers, including manufacturing, engineering, warehousing, trade counter and storage businesses.
Barrington Industrial Estate lies immediately to the north of Bedlington town centre, a traditional Northumberland market town providing a wide range of amenities and services. The estate benefits from excellent connectivity to the region's strategic road network, with the A189 Spine Road and the A1(M) both within easy reach. These routes provide direct access to Newcastle upon Tyne, the wider Tyne and Wear areas, and to the South of England, while also offering convenient links north towards Scotland.
The surrounding area has a strong manufacturing and logistics presence, with nearby commercial locations including Cramlington, Blyth, Ashington and Morpeth, all of which support a broad occupational market.
Stephenson Court is accessed off Stephenson Way within the wider Barrington Industrial Estate.https://naylorscrm.agencypilot.com/crm/?mID=1212&Task=-1&WinType=7&DefaultType=15&DefaultProperty=3433
Terms
Freehold
