1 Bedroom Mixed Use For Sale   |   Market Street, Shirebrook, Derbyshire, NG20 8AD   |   From £120,000 Sold STC

Summary

Situated in the heart of Shirebrook, Mansfield, this mixed-use property on the bustling Market Place offers a fantastic opportunity for investors seeking strong returns in a high-demand location.

On the ground floor, the property comprises a self-contained retail unit occupying a prominent position within the Market Place (formerly Sweet Sensations) . The shop is currently vacant, providing immediate scope for an owner-occupier or a new tenant. Previously, the unit was let at £550 per calendar month, illustrating the achievable rental level for this pitch and offering a solid benchmark for future lettings.

Above, there is a well-presented one-bedroom flat occupied by long-standing tenants who currently pay £695 per calendar month. This established tenancy provides immediate income from day one and underpins the investment with a reliable residential rent stream.

Shirebrook"s Market Place is the focal point of the town, surrounded by a range of independent retailers, local services and regular market stalls, creating consistent footfall throughout the week. The wider town centre is undergoing ongoing regeneration and public realm improvements, designed to enhance the vibrancy of the square, support local traders and attract new visitors and businesses to the area.

With a combined potential income in excess of £1,245 per month (fully let), this property offers an attractive yield profile in a location where both residential and commercial units are typically straightforward to re-let due to strong local demand and a busy central setting. The flexibility to sell the building either fully let or with vacant possession gives investors and owner-occupiers multiple strategies whether that's holding as a long-term income-generating asset, re-letting the shop on updated terms, or refurbishing and repositioning the retail element to maximise rental value.

In summary, this is a well-located mixed-use investment in a thriving Market Place setting, combining secure residential income with excellent scope on the ground floor commercial element – ideal for investors looking for an attractive yield in a proven, easy-to-let location.

Energy Efficiency

Additional Information

For further information on this property please call 01157342000 or e-mail enquiries@lester-bingley.co.uk