Summary - 3 3 Unit 3, Wharton Place, Foxby Lane, Gainsborough, DN21 DN21 1FQ
1 bed 1 bath Light Industrial
**Standout Features:**
- Brand new light industrial unit – 1,560 sq ft
- 5m eaves height, ideal for potential mezzanine construction
- Five-year lease in place at £13,500 + VAT per annum
- 6.7% net initial yield (NIY)
- Convenient location with ample parking
- Garage included for easy access and storage
- Part of an established industrial estate
**Key Concerns:**
- Lease includes a three-year break option, influencing long-term stability
- High crime rate in the area may affect investment desirability
- Mortgage lenders may be hesitant due to lease duration
**Summary:**
Discover a prime investment opportunity in the heart of Wharton Place Business Park with this brand new light industrial unit, boasting a sizeable 1,560 sq ft. This property features an impressive 5-metre eaves height, enabling future mezzanine possibilities, and offers a secure plan with a five-year lease yielding 6.7%—a golden chance for investors seeking reliable cash flow.
The unit is situated in a strategically accessible area with excellent transport links, providing easy drive-in access and ample parking space. While the property shows promise, potential buyers should note the high crime rate and mortgage lending challenges related to the lease's three-year break option. Set your sights on this high-potential asset and seize the opportunity to expand your portfolio in a developing industrial environment, where both functionality and future potential are at your fingertips. Don't let this limited offering pass you by!
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