0 bed Office for sale, Annitsford, Cramlington
£190,000
Property Ref: 15849 A well-presented commercial investment property offering secure income and future flexibility. The building has been professionally converted into two separate office units, both occupied under a single lease agreement. The current tenant pays £1,250 per calendar month, with 26 months remaining until a 5-year break clause in a 10-year lease. The property benefits from Small Business Rates Relief, making it highly attractive to small businesses and investors alike. Located in a popular area of Cramlington, the property offers excellent transport links and proximity to local services. Investment Potential Secure income for over 2 years Potential to renegotiate lease or re-let at market rates post-break Ideal for investors seeking strong yield approx. 7.89% or owner-occupiers looking for flexible space Property Type: Office Full selling price: £190000.00 Pricing Options: Fixed Price Tenure: Freehold EPC rating: C Measurement: 1402 sq.ft. Outside Space: Communal Garden Parking: Allocated Heating Type: Gas Central Heating Chain Sale or Chain Free: Chain free Possession of the property: tenanted ----------------------------------------------------------------------------------------------------
More Details