Industrial for sale in Union Street, Sutton-In-Ashfield NG17

Investment Opportunity: Industrial Unit in Sutton-in-Ashfield

Prepare for a profitable investment opportunity with this exceptional industrial unit situated in Sutton-in-Ashfield, a lively market town in Nottinghamshire, England. With a population of 48,527 as of 2019, Sutton-in-Ashfield stands as the largest town in the Ashfield district, conveniently positioned just four miles west of Mansfield, two miles from the Derbyshire border, and only 12 miles north of Nottingham. Positioned in a prime spot adjacent to the A38 and in close proximity to Junction 28 of the M1 motorway, this property provides unmatched access to key transportation networks.

The property presents a single-story industrial unit featuring sturdy brick walls and a steel-framed concrete and metal profile sheet roofing. Recently repainted, the unit encompasses approximately 1925 sq ft (178.8 sq m) of versatile space, ideal for a range of industrial and commercial activities. With the added convenience of a steel roller shutter door, the unit ensures seamless access and security for tenants.

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 to Mr. C. Radacanu, 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.

Seize the opportunity to invest in this prime industrial unit in Sutton-in-Ashfield, poised for long-term growth and lucrative returns. Contact us today to capitalize on this exceptional investment prospect and secure your stake in the thriving commercial landscape of Nottinghamshire.