Union St - Flex FOR SALE


Sutton In Ashfield, NTT NG17 5EL
$195,000 USD
208-128-9321
Union St, Sutton In Ashfield, NTT for Sale
$195,000 USD
Flex - FOR SALE
1/4
null | 8.5% Cap Rate

Union St
Sutton In Ashfield, NTT NG17 5EL


HIGHLIGHTS

  • Prominent Business Location
  • Solid Transport Links
  • High Eaves

OVERVIEW

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, 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.

FOR SALE DETAILS

PRICE

$195,000 USD

PRICE/SF

$101 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05

LAND SF

2,300

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ramesh DewanTrans-Britannia Properties LimitedMore Info
208-128-9321

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Ramesh DewanTrans-Britannia Properties LimitedMore Info
208-128-9321

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.