**Standout Features:**
- Total size: 1,561 sq ft (large for a one-bedroom unit)
- Built in 1987 with an industrial style
- Currently leased by ATS Electro-Lube (UK) Ltd generating £15,900 per annum
- Off-street parking available
- Excellent mobile signal
- Potential for renovations or extensions due to the ample space
**Concerns:**
- Only 2 years left on the lease, which may deter mortgage lenders
- High local crime rates
- Broadband speeds are slow
- Area classified as deprived
This unique industrial unit located in postcode NE11 0BQ offers a significant investment opportunity for investors or entrepreneurs looking to establish a business presence. With a spacious 1,561 sq ft layout, this property features essential amenities like off-street parking and roller shutter access, making it practical for various commercial uses. Currently occupied by a reliable tenant with a good return, the unit represents an attractive asset.
**Important Notes:** Buyers should be aware that there are only two years remaining on the lease, which could complicate financing options. Additionally, the area is classified as having high crime rates and deprivation, so thorough due diligence is recommended before proceeding. However, with excellent mobile connectivity and proximity to various local amenities, this property holds great potential for future development or reconfiguration based on your business needs. Given these factors, seize the opportunity to invest in this unique space before it’s off the market!
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