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8.5% RPI YIELD PRICE: £195,000 RENT: £16,640 FREEHOLD INDUSTRIAL INVESTMENT OPPORTUNITY COMPRISING A WORKSHOP UNIT LET ON 10 YEAR FULL REPAIRINGLEASE WITH RENT REVIEWS TO THE GREATER OF RPI OR MARKET RENT

For sale: £195,000.00|2,145 Sq Ft|Industrial, Distribution Warehouse, Industrial Park, Light Industrial, Warehouse, Storage

Property details

FOR SALE£195,000.00
SIZE2,145 Sq Ft
ADDRESSUnit 2 Union Street Industrial Estate, Sutton In Ashfield, NG17 5EL
TYPEIndustrial, Distribution Warehouse, Industrial Park, Light Industrial, Warehouse, Storage
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON19th February 2024

Description

Investment Opportunity: Industrial Unit in Sutton-in-Ashfield

Position yourself for a lucrative investment with this prime industrial unit located in Sutton-in-Ashfield, a vibrant market town in Nottinghamshire, England. Boasting a population of 48,527 as of 2019, Sutton-in-Ashfield serves as the largest town in the Ashfield district, conveniently situated just four miles west of Mansfield, two miles from the Derbyshire border, and a mere 12 miles north of Nottingham. Nestled in a prime location backing onto the A38 and moments from Junction 28 of the M1 motorway, this property offers unparalleled accessibility to major transportation routes.

The property presents a single-story industrial unit featuring sturdy brick walls and a steel-framed concrete and metal profile sheet roofing. Recently repainted, the unit encompasses approximately 1925 sq ft (178.8 sq m) of versatile space, ideal for a range of industrial and commercial activities. With the added convenience of a steel roller shutter door, the unit ensures seamless access and security for tenants.

Offered as a freehold investment, the property generates an annual rent of £16,640 exclusive of VAT. It is let on a new 10-year full tenant repairing lease to Mr. C. Radacanu, trading from 11th January 2024. The lease incorporates 3 yearly rent reviews to the greater of RPI or market rent, providing stability and potential for rental growth. Additionally, a tenant-only break clause at the fifth year of the term offers flexibility for both parties, enhancing investment security.

Seize the opportunity to invest in this prime industrial unit in Sutton-in-Ashfield, poised for long-term growth and lucrative returns. Contact us today to capitalize on this exceptional investment prospect and secure your stake in the thriving commercial landscape of Nottinghamshire.

Location

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Location: Unit 2 Union Street Industrial Estate, Sutton In Ashfield, NG17 5EL

Sutton Parkway (0.8 miles)

Kirkby in Ashfield (1.5 miles)

Mansfield (2.9 miles)

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