Summary - Unit 1-3 Eastern Avenue Industrial, Dunstable, Bedfordshire LU5 4JY
1 bed 1 bath Light Industrial
Immediate income opportunity for cash buyers and specialist lenders.
- Three separate industrial/office units on one site
- Units 2 and 3 produce c.£100,000 pa income (11%+ yield)
- Long leasehold with only 28 years remaining
- Mortgage lenders likely to refuse standard lending
- Large tarmac parking area and gatehouse access
- Mid-20th century buildings; refurbishment potential
- Rear plant room and detached concrete storage building
- High local crime; may increase security and insurance costs
A substantial light-industrial investment offered as a long leasehold across three separate units. Units 2 and 3 are income-producing, delivering around £100,000 pa and equating to in excess of an 11% yield on the asking price — attractive for buyers seeking immediate cashflow. The site includes workshop space, two-storey office accommodation, a detached concrete storage building, a rear plant room and a large tarmac parking area suitable for multiple vehicles or HGV turning.
The lease has approximately 28 years remaining. This is material: many high-street mortgage lenders are likely to refuse standard lending against the title. The most realistic purchasers will be cash buyers or investors able to arrange specialist leasehold or commercial finance. The property is partially occupied, so there is either immediate rental income or scope to refurbish and re-let to increase returns.
Built mid-20th century, the buildings are practical rather than high-spec and will suit functional industrial or trade uses. There is clear potential for refurbishment or consolidation of internal layouts (ground floor warehouse can be opened up). Buyers should budget for typical industrial maintenance, updating office fit-out and insurance considerations. The site sits in an area with high recorded crime — this may affect tenant mix, security costs and insurance premiums.
In short: a cash/investor-led opportunity with strong headline yield and substantial parking and workshop capacity, offset by the short lease term and local crime profile. Suitable for purchase by investors seeking immediate income, developers or owner-operators prepared to manage lease and security constraints.
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