Property Description

An investment opportunity located along 27 - 29 Mansfield Road. The property comprises a 3 storey building plus basement and is of brick construction along with a rendered finish to the front elevation, surmounted by a pitched roof, situated within a Conservation Area. Current rental income £40,330 per annum from two tenants. The investment comprises 2 retail units (currently a dental practice and hot food takeaway) with respective space above (not inspected). 27 Mansfield Road is held on a Lease from 29 September 2022 for a term of 12 years {tab}with current rent passing of £22,230 per annum. We are advised that the lease includes the First Floor for number 27 and 29. Unit 29 Mansfield Road is held on a Lease commencing 26/11/2024 for a term of 15 years with current rent passing of £18,100 per annum. This is for the ground floor only. Interested parties are advised to inspect the legal pack for more information prior to placing their bid, as this will be binding. The second storey above the two units (27 -29) is currently vacant. This could potentially pose as an additional income stream. Mansfield Road is within walking distance to Nottingham city centre with a substantial demand for both commercial and residential within the area.

Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

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