Union St 1,925 SF Flex Building Sutton In Ashfield NG17 5EL $261,900 ($136.05/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Prominent Business Location
- High Eaves
- Solid Transport Links
EXECUTIVE SUMMARY
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, 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.
PROPERTY FACTS
| Price | $261,900 |
| Price Per SF | $136.05 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Tenure | Freehold |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.05 AC |
| Rentable Building Area | 1,925 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Tenancy | Single |
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CONTACT
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Ramesh Dewan - Trans-Britannia Properties Limited
