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7 bedroom apartment for sale
Flats 4-8 Mercia House, Albert Street, Mansfield, Nottinghamshire, NG18 1EB
£295,000
Flats 4-8 Mercia House, Albert Street, Mansfield, Nottinghamshire, NG18 1EB
£295,000
Our Summary
- 3% For Sale by Public Auction on 11/12/2025 at Trent Bridge Cricket Ground £295,000+ A block of 5 apartments Prime location in the heart of Mansfield town centre Prominent frontage onto Albert Street Proximity to St Peter's Retail Park Nearby occupiers: Greggs, Costa, Next, Boots & Travelodge Walking distance to Mansfield Train Station & Bus Station Convenient access to major routes: A60, A38 & A6191 Comprising 2 x two bedroom units & 3 x one bedroom units Total Current Rent Reserved of £39,120 pa All the AST's are holding over, providing scope to increase rent An excellent asset management opportunity Ideal opportunity for investors Providing a net yield at the guide price of 13
- 3% Two ground-floor retail units have been sold off on Long Leaseholds Note: In our 11th December auction, we have two car parks adjacent to this property Red line is for illustration purposes only, refer to Title Plan (in Legal Pack) Viewings Contact Auction Estates on For further information please contact Auction Estates on
Description
This property is a block of five apartments, comprising three one-bedroom and two two-bedroom units, located in the heart of Mansfield town centre. The apartments have a total current rent reserved of £39,120 per annum, reflecting a net initial yield of 13.3%. The property benefits from a prominent frontage onto Albert Street, proximity to St Peter's Retail Park, and nearby occupiers such as Greggs, Costa, Next, Boots, and Travelodge. The apartments are within walking distance to Mansfield Train Station and Bus Station, and have convenient access to major routes. The property offers an excellent asset management opportunity, with all the ASTs holding over, providing scope to increase rent. It is ideal for investors and is being sold by public auction on December 11, 2025, with a guide price of £295,000+.