
Stockwell Gate, Mansfield
- PROPERTY TYPE
Land
- SIZE
Ask agent
Key features
- Secure, well let freehold in Mansfield town centre
- Prime location within the town
- Let to Mirage Centres Limited subsequently assigned to Merkur Slots (UK) Limited at a rent of £60,00
- Lease Expiry July 2031
- Offers at £525,000
- Net initial yield – 10.72%
Description
Nottingham and 24 miles south of Sheffield.
Mansfield has a population of some 110,482 persons according to the 2021 Census, which represents 13.39% of the total Nottinghamshire County resident population of some 824,822 people (source: Mansfield District Council/2021 Census).
Mansfield is undergoing a large extension known as the Berry Hill development which is a £250 million, 480-acre site extending to the south of Mansfield providing an extension to Berry Hill bringing new homes and jobs for the area. This will feature approximately 1,700 new homes together with convenience retail, health centre, new schools, care homes and new green space. In addition, the development will provide approximately 31,000m² of commercial space and 190,000m² of work floor space (source: Nottinghamshire County Council).
Market Place, West Gate and Stockwell Gate are the prime pedestrian retail areas within the town centre. The Four Seasons Shopping Centre is situated directly opposite the subject property. The Market Place is home to the town's open market.
The location benefits from a high level of footfall and prominence being close to the main entrance of the shopping centre and close to the Market Place which has a full market 5 days a week (Tuesday - Saturday).
Operators in the vicinity include Santander, Halifax, Superdrug, Capo Lounge/Bar, Hays Travel Agents, Loungers, Greggs, Nottingham Building Society and Luxury Leisure trading as Admiral.
The property is an attractive three-storey premises in the heart of Mansfield town centre, with accommodation
arranged on ground, first, second floors. The ground floor consists of an Amusement Arcade/Slot Machines together with a Cash Office, Male and Female Toilets and Staff Canteen.
The first floor is open plan approached via a separate side access from Stockwell Gate. It is currently vacant. The property benefits from a second floor but access is closed off. The property benefits from a stone face elevation with a pitched slate covered roof. The rear part of the property appears to be of more modern construction and is of 10½" cavity brickwork with wood casement windows and a similar pitched slate covered roof.
Internally the premises have been extremely well fitted out at ground floor level and the first floor is also in satisfactory condition with the benefit of separate toilet facilities.
These sales particulars have been prepared by FHP Living on the instruction of the vendor. Services, equipment and fittings mentioned in these particulars have NOT been tested, and as such, no warranties can be given. Prospective purchasers are advised to make their own enquiries regarding such matters. These sales particulars are produced in good faith and are not intended to form part of a contract. Whilst FHP Living have taken care in obtaining internal measurements, they should only be regarded as approximate.
Purchaser information - Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, FHP Living require any successful purchasers proceeding with a purchase to provide two forms of identification i.e. passport or photocard driving license and a recent utility bill. This evidence will be required prior to FHP Living instructing solicitors in the purchase or the sale of a property.
Brochures
BrochureStockwell Gate, Mansfield
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Mansfield Station0.1 miles
- Mansfield Woodhouse Station1.3 miles
- Sutton Parkway Station2.9 miles
Notes
Disclaimer - Property reference 102431017516. 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 FHP Living, West Bridgford. 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.
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