£590,000
  • Ref: 728826
  • Type: Commercial
  • Availability: For Sale
  • Bedrooms: 6
  • Tenure: Freehold
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  • Floorplan

Full Details

An excellent opportunity to acquire a substantial mixed-use investment property occupying a prominent position on Chesterfield Road, Mansfield, comprising a ground floor commercial showroom extending to approximately 1,500 sq ft together with three self-contained two-bedroom apartments.

The property has been exceptionally well maintained and improved by the current owner and offers an attractive combination of established commercial income and residential investment potential. The residential accommodation has been finished to an excellent standard throughout, providing modern, spacious living accommodation rarely found within properties of this nature.

The ground floor commercial showroom is occupied by a long-standing tenant, providing a secure and established income stream. Extending to approximately 1,500 sq ft, the commercial accommodation offers a spacious and versatile showroom suitable for a variety of retail, trade counter or customer-facing business uses. Above, the property benefits from three well-appointed two-bedroom apartments. Two of the apartments are currently operated as successful short-term holiday lets via Airbnb, whilst the third apartment is occupied by the owner. The quality of accommodation and flexibility of the layout provide a purchaser with numerous options, including the continuation of the existing Airbnb business, conventional residential lettings, owner occupation or a combination thereof.

Externally, the property benefits from parking areas to both the front and rear, providing valuable off-street parking for both commercial and residential occupiers.

Based upon current and projected rental levels, the property is capable of generating an estimated gross annual income of approximately £49,600 per annum, representing an attractive investment opportunity in a sought-after and established location.

Commercial Showroom & Offices Approx. 2,064 sq ft
Basement Storage / Workshop Approx. 2,020 sq ft
Three Self-Contained Two-Bedroom Apartments Approx. 3,104 sq ft (combined)
Total Accommodation Approx. 7,187 sq ft

Situated on one of Mansfield's principal arterial routes, the property benefits from excellent visibility and accessibility, whilst being conveniently located for Mansfield Town Centre, local amenities and transport links.

Property Features

  • Mixed-use investment opportunity
  • Ground floor commercial premises
  • Three self-contained two-bedroom flats
  • Long-standing commercial tenant in occup
  • Exceptionally well-maintained throughout
  • Potential gross income of £49,600 pa
  • Prominent Chesterfield Road location
  • Gross Yield circa 8.4%