27 & 29 Mansfield Road, Nottingham City, NG1 3FB
£465,000+
Commercial
Key Features
- A rare opportunity to acquire a commercial investment property comprising two three storey properties
- Located on the prominent Mansfield Road in the heart of Nottingham City Centre
- Total Current Rent Reserved of £40,330 pa with vacant second floors
Part of the
17 April 2025
auction
Trent Bridge Cricket Ground
at
2.30PM
A rare opportunity to acquire a commercial investment property comprising 2 x three storey properties located on the prominent Mansfield Road in the heart of Nottingham City Centre. Total Current Rent Reserved of £40,330 pa with vacant second floors
- Situated on this prime section of Mansfield Road (A60)
- Located in the heart of Nottingham City Centre
- Close to Victoria Shopping Centre & car park
- A short walk from the main retail centre of Nottingham
- Nottingham Trent University city campus nearby
- 27 Mansfield Road (A&D Dental Practice Ltd)
- Let on a 12 year lease from September 2022 at £22,230 pa
- Lease demise includes ground floor & first floor over no.27 & 29
- 29 Mansfield Road (Monmo's, hot food takeaway)
- Let on a 15 year lease from November 2024 at £18,100 pa
- Lease demise includes ground floor only
- Second floor (vacant)
- Potential for conversion to residential & offices etc (STP)
- Access to the rear from Bluecoat Close
- Total Current Reserved of £40,330 pa
- An ideal opportunity for investors
Fees
A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Freehold 27 Mansfield Road is subject to a 12 year lease from September 2022 at a rent of £22,230 pa (includes ground floor & first floors of 27 & 29) 29 Mansfield Road is subject to a 15 year lease from November 2024 at a rent of £18,100 pa (ground floor only)
Refer to Legal Pack