Newgate Lane, Mansfield, Nottinghamshire, NG18
- PROPERTY TYPE
Detached
- BEDROOMS
1
- BATHROOMS
1
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Starting Bid: £170,000
Brilliant Investment Alert - Don’t miss out on this fantastic opportunity to secure a versatile property in a prime location! Situated close to Mansfield Town Centre, this property is perfect for both business and residential use.
Key Features:
Prime Location - Conveniently located near Mansfield Town Centre, offering excellent visibility and accessibility for any business.
Versatile Space - Originally two separate shops, the property has been expanded to accommodate a thriving business but could be easily converted back into two individual shops—ideal for investors or entrepreneurs looking to capitalize on a flexible space.
Ample Parking - Features parking facilities for employees, ensuring convenience and accessibility.
Large Detached Garage - Located at the rear of the unit, providing additional storage or workspace.
Additional Living Space - A self-contained 1-bedroom apartment at the rear includes a lounge/kitchen, a cozy bedroom, and a modern bathroom—perfect for additional rental income or as accommodation for business staff.
Investment Potential:
Business Flexibility - The property offers potential for a range of business uses or the opportunity to continue the current business model.
Conversion Opportunities - Easily revert to two separate retail units to suit various business needs.
Rental Income - The 1-bedroom apartment provides an extra income stream or convenient living space.
This property offers a unique blend of commercial and residential features, making it an exceptional investment opportunity. With a starting bid of just £180,000, it won’t last long!
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.
The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Auction Date: [Insert Date] Location: [Insert Location for Auction]
For more information or to arrange a viewing, please contact us today!
Don’t miss your chance to invest in this prime property—register to bid and make it yours!
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Newgate Lane, Mansfield, Nottinghamshire, NG18
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Visit our security centre to find out moreDisclaimer - Property reference MFD240206. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Frank Innes, Mansfield. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Frank Innes, Mansfield on 01623 701405.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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