6 Bedroom Block of Apartments For Sale   |   Chesterfield Road North, Mansfield, NG19 7JD   |    £335,000

Summary

An excellent opportunity to acquire the freehold interest in a substantial property occupying a prominent position on Chesterfield Road, Mansfield, comprising three self-contained two-bedroom apartments offering an attractive residential investment opportunity.

The property has been exceptionally well maintained and improved by the current owner, with the residential accommodation finished to an excellent standard throughout. Each apartment provides spacious, modern living accommodation, making the property particularly appealing to both private tenants and the short-term rental market.

Two of the apartments are currently operated as successful short-term holiday lets via Airbnb, whilst the third is occupied by the current owner. The accommodation offers considerable flexibility for an incoming purchaser, with the opportunity to continue operating short-term holiday accommodation or establish a conventional residential investment portfolio.

The three apartments extend to approximately 3,104 sq ft (288.37 sq m) in total and offer strong rental potential. Based upon anticipated monthly rents of £895 for Flat A, £750 for Flat B and £800 for Flat C, the accommodation is capable of generating a combined rental income of £2,445 per calendar month (£29,340 per annum), representing an attractive gross rental yield of approximately 8.76%, based upon an implied purchase price of £335,000.

Situated on Chesterfield Road, one of Mansfield's principal arterial routes, the property benefits from excellent accessibility and convenient proximity to Mansfield Town Centre, local amenities, public transport connections and the wider road network.

The property presents an excellent opportunity for investors seeking an established residential investment with strong rental potential, high-quality accommodation and the flexibility to maximise returns through either conventional residential lettings or short-term accommodation.

Additional Information

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