678/678a Mansfield Road
Address
Prices
£200,000
Size
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Overview
- A guide price of £200,000 which reflects a net initial yield of 9.16% allowing for standard purchaser costs
- Total rental income of £18,750 per annum
- Long term tenants in situ
- Added benefit of first floor flat
- Prominent position on busy thoroughfare
- Great transport links
Location
The property is located in a prominent position on the A60, Mansfield Road, one of the principal routes into Nottingham City Centre and prime retail throughfare in Sherwood.
The premises are situated on the busy and popular Sherwood Retail High Street, with other occupiers including Birds Bakery, Co-op and a variety of local independent retailers.
The location also benefits from several free public car parks, together with on-street parking bays in front of the property.
Description
The property comprises a self-contained ground floor retail unit, currently operating as a vape shop. The unit consists of a main sales area with serving counter, ancillary stores and small kitchenette & W/C. To the rear there is a small courtyard that is shared with the residential flat.
The rear further provides access to a self-contained flat over the first and second floors. The flat compromises 3 double bedrooms, carpeted and painted plaster throughout and bathroom, kitchen facilities.
Services
All mains services are evident within the property, but we can provide no warranty with regard to the capacity or connectivity.
Business Rates
Charging Authority: Amber Valley Borough Councill
Description: Shop and Premises
Rateable Value: £9,900
Period: 2026/27
Tenure
Freehold subject to and with the benefit of the occupational leases.
Guide Price
A guide price of £200,000 which reflects a net initial yield of 9.16% allowing for standard purchaser costs.
VAT
VAT is applicable to the price at the prevailing rate.
Legal Costs
Each party will be responsible for their own legal costs incurred in documenting the transaction.
Anti Money Laundering Policy
In accordance with Anti-Money Laundering Regulations, two forms of I.D. and confirmation of the source of funding will be required from the successful purchaser.
Roseway House,
Unit 8 Wheatcroft Business Park,
Landmere Lane,
Edwalton,
Nottingham,
NG12 4DG
