Summary - 2 UNION STREET SUTTON-IN-ASHFIELD NG17 5EL
1 bed 1 bath Light Industrial
**Standout Features:**
- Freehold light industrial unit in Sutton-in-Ashfield
- 1925 sq ft of versatile space
- Roller shutter door for secure access
- 24-hour access and excellent transport links
- 8.5% yield investment, generating £16,640 annual rent
- New 10-year lease with tenant break clause after 5 years
**Potential Concerns:**
- Limited mortgage options due to the remaining lease term
- High crime rate in the local area
- Market conditions reflect overall area deprivation
Discover this excellent investment opportunity in Sutton-in-Ashfield, Nottinghamshire—a thriving town with significant rental prospects. This expansive light industrial unit, measuring 1925 sq ft, features robust brick construction and a practical roller shutter door, ensuring durability and heightened security for tenants. Strategically positioned near the A38 and the M1 motorway, this facility provides unmatched accessibility for logistics and distribution.
Leased to a commercial tenant at an attractive annual rent of £16,640, this property offers a substantial 8.5% yield, with potential growth from rent reviews every three years. The 10-year lease commencing January 2024 includes a tenant-friendly break clause after the fifth year, allowing for a flexible investment strategy.
While the high crime rate may be a concern and mortgage options could be limited due to the immediate lease term, this industrial unit represents a lucrative opportunity for investors looking to capitalize on a centrally located asset in a developing area. Act swiftly to secure your stake in this promising venture!
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