4 Bedroom Mixed Use For Sale   |   Chesterfield Road, Mansfield, NG19 7EQ   |    £340,000

Summary

Lester & Bingley are delighted to present this well-positioned mixed-use investment located on the ever-busy Chesterfield Road in Mansfield.

The property comprises a ground floor commercial unit, currently occupied by a long-standing and established hair and beauty salon, with four self-contained one-bedroom flats arranged over the upper floors.

All residential tenants have recently signed new leases as of April, providing an investor with immediate, secure income. Each flat generates £550 per calendar month, whilst the commercial unit produces £750 per calendar month.

The building itself offers a traditional and attractive frontage, benefitting from strong visibility and consistent passing traffic, both vehicular and pedestrian.

Accommodation
Ground Floor: Commercial unit (hair & beauty salon)
Upper Floors: 4 x 1-bedroom self-contained flats
Tenancy & Income
4 x Flats @ £550 pcm = £26,400 pa
Commercial Unit @ £750 pcm = £9,000 pa

Total Income: £35,400 per annum

All units are fully let, with recent lease renewals in place, offering a strong and reliable income stream from day one. This is a fantastic opportunity to acquire a fully income-producing mixed-use asset with long-standing tenants and recent lease agreements already secured. The property offers immediate return with potential for future rental growth.

Location

The property occupies a prominent position along Chesterfield Road, one of Mansfield's main arterial routes. The area benefits from a high level of footfall and passing traffic, with a mix of residential housing, local amenities and established businesses nearby.

Additional Information

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