Industrial unit for sale
Property description & features
- Tenure: Freehold
- Light Industrial unit
- 24 hours access
- Roller Shutter
- 8.5% yield investment
- Price: £195,000
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.
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