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Trans-Britannia Properties - Harrow

This freehold industrial investment opportunity features a workshop unit leased on a 10-year full repairing lease with rent reviews based on the higher of RPI or market rent. It offers an 8.5% RPI yield, with a price of £195,000 and an annual rent of £16,640 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.

Property reference 2unionstreet. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Trans-Britannia Properties - Harrow.

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Industrial units for sale in Nottinghamshire

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Industrial unit on Union Street for sale

Industrial unit for sale

Sutton Parkway

Kirkby in Ashfield

Mansfield

This freehold industrial investment opportunity features a workshop unit leased on a 10-year full repairing lease with rent reviews based on the higher of RPI or market rent. It offers an 8.5% RPI yield, with a price of £195,000 and an annual rent of £16,640Investment Opportunity: Industrial Unit...

Industrial unit for sale

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