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497 Mansfield Road, Sherwood... Mixed use for sale
497 Mansfield Road, Sherwood, Nottingham, NG5 2JJ
£225,000
497 Mansfield Road, Sherwood, Nottingham, NG5 2JJ
£225,000
Our Summary
- For Sale By Public Auction on 10 July 2025 starting at 08:30 AM - A freehold mixed use investment property comprising a retail unit and student accommodation close to Nottingham Trent University, and within a busy local shopping districtCurrent gross income £31,800 PAThe property comprises a three storey mid terrace which is configured to provide on the ground floor a hairdressing salon having the main retail area with ancillary staff room and WC
- Pre-auction OffersPlease note that offers in excess of the guide price may be considered prior to the Auction Sale
- Current gross income £31,800 PALive-streamed AuctionPlease note that the Auction will be livestreamed via our website
- You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction
Description
This property is a freehold mixed-use investment opportunity in a busy local shopping district near Nottingham Trent University. The property comprises a three-story mid-terrace building with a hairdressing salon on the ground floor and student accommodation on the first and second floors. The retail unit is let on a commercial lease at £12,600 per annum, while the student accommodation is let on an Assured Shorthold Tenancy agreement at £19,200 per annum, generating a combined gross income of £31,800 per annum. The property is conveniently located near Nottingham City Hospital and is approximately 2 miles north of Nottingham City Centre. The property will be sold by public auction on July 10, 2025, starting at 8:30 AM, with external viewings only available prior to the auction.