Union St 1,925 SF Flex Building Sutton In Ashfield NG17 5EL $264,289 ($137.29/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 $264,289
Price Per SF $137.29
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
  • Listing ID: 35262706

  • Date on Market: 3/26/2025

  • Last Updated:

  • Address: Union St, Sutton In Ashfield NG17 5EL