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 |
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