
Mansfield Road, Nottingham
- PROPERTY TYPE
Land
- SIZE
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Key features
- 4 commercial shops let at £68,850 per annum
- ERV £77,050 per annum
- 18 HMOs producing £143,400 per annum
- Potential reversionary income £220,450 per annum
- Offers invited at £2,350,000
Description
Mansfield Road forms part of the A60 trunk road which is a major thoroughfare leading out of Nottingham City Centre to Sherwood, Arnold, and to the North. This property is situated very close to the city centre, virtually opposite the Victoria Shopping Centre and associated car parks. The property is situated directly opposite a major redevelopment now occupied and operated by Student Roost and close to the YMCA Health Club. The House of Fraser Department Store is diagonally opposite the subject property. Elsewhere there are a number of multi-storey car parks and a Tesco Supermarket. There are a number of properties in the immediate vicinity which have been or are being redeveloped for residential accommodation, either private rented sector or student accommodation. In summary, this property occupies a very good location close to Nottingham City Centre where there is a strong demand for both commercial and residential accommodation.
The property comprised originally of 4 terraced buildings, 3 forming part of one terrace and one separate, located on the western side of Mansfield Road. All the properties were probably originally constructed over 80 to maybe 90 years ago. They have a main frontage to Mansfield Road and a rear frontage but no access to Bluecoat Close. The properties to the rear are all occupied for residential purposes. There is
limited meter parking on Bluecoat Close. The accommodation of each shop comprises a ground floor self-contained unit together with 18 HMOs above. There are 2 HMOs, being Nos 31 and 37A, each having
their own separate entrance.Each property consists of 9 rooms each with their own on suite facilities..
The properties have all been upgraded and comply with all current Licences and other regulations. These
properties are in good condition. They have the benefit of gas fired central heating and other amenities.
There is a very good demand for retail premises in this location, as is evidenced by the recent letting of No 33 Mansfield Road. At the same time, because of the location and demand, there is a virtually 100%
occupancy rate of the HMOs.
These sales particulars have been prepared by FHP Living on the instruction of the vendor. Services, equipment and fittings mentioned in these particulars have NOT been tested, and as such, no warranties can be given. Prospective purchasers are advised to make their own enquiries regarding such matters. These sales particulars are produced in good faith and are not intended to form part of a contract. Whilst FHP Living have taken care in obtaining internal measurements, they should only be regarded as approximate.
Purchaser information - Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, FHP Living require any successful purchasers proceeding with a purchase to provide two forms of identification i.e. passport or photocard driving license and a recent utility bill. This evidence will be required prior to FHP Living instructing solicitors in the purchase or the sale of a property.
Mansfield Road, Nottingham
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Nottingham Trent University Tram Stop0.2 miles
- Royal Centre Tram Stop0.2 miles
- Old Market Square Tram Stop0.4 miles
Notes
Disclaimer - Property reference 102431016863. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by FHP Living, West Bridgford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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