Spondon Street & 526 & 528 Mansfield Roa, Sherwood, Nottingham, NG5

Mixed-Use Investment Portfolio – Sherwood & Carrington, Nottingham

Guide Price: £374,950
Gross Yield: Approx. 5.80%

Key Features

• Mixed-use investment portfolio
• Residential property and two commercial units included
• Combined rental income of approximately £21,740 per annum
• Established residential and commercial tenants
• Residential property currently let at £770 PCM
• Two income-producing commercial units
• Long-established businesses with long-standing tenants
• New commercial leases currently being prepared
• Prominent positions on a busy Nottingham high street
• Ready-made investment opportunity
• Potential for future rental growth

Northwood are pleased to present this mixed-use investment portfolio comprising a residential property and two commercial units, situated within established Nottingham locations and producing an immediate income stream.

The portfolio currently generates a combined rental income of approximately £21,740 per annum and offers investors a diversified asset comprising both residential and commercial elements.

Residential Property

Spondon Street, Sherwood, Nottingham, NG5 4AB

A well-presented two-bedroom, one-bathroom terraced house with a private rear garden, arranged over three floors and situated in the highly desirable area of Sherwood.

The property benefits from recent redecoration, new flooring throughout, gas central heating and double glazing. It is currently let and producing an income of £770 PCM (£9,240 per annum).

The property has always proven easy to let, reflecting the strong and consistent tenant demand within Sherwood. The area remains one of Nottingham's most sought-after residential locations, offering excellent local amenities, schools and transport links, making it an attractive proposition for investors.

Commercial Property

526 Mansfield Road, Nottingham

A well-positioned commercial unit located on the busy Mansfield Road commercial parade.

Current rental income:

• £7,000 per annum

The premises are occupied by a registered, established business that has traded successfully from the property for many years and benefits from a long-standing tenant, providing reliable income.

Business Rates

Rateable Value: Interested parties are advised to make their own enquiries with the local authority regarding the current rates payable and any available reliefs.

VAT

We understand that the property is not elected for VAT. Interested parties should seek independent confirmation.

Commercial Property

528 Mansfield Road, Nottingham

A further established commercial unit occupying a prominent trading position on the busy Mansfield Road high street.

Current rental income:

• £5,500 per annum

The property is occupied by a registered, well-established business with a long-standing tenant, further enhancing the security of the investment income.

Business Rates

Rateable Value: Interested parties are advised to make their own enquiries with the local authority regarding the current rates payable and any available reliefs.

VAT

We understand that the property is not elected for VAT. Interested parties should seek independent confirmation.

Investment Information

Total Current Rental Income:

• Residential: £9,240 per annum
• Commercial Unit 526: £7,000 per annum
• Commercial Unit 528: £5,500 per annum

Total Income: £21,740 per annum

Both commercial units are occupied by registered, long-established businesses with long-standing tenants, reflecting the strength of this busy high street location. New lease agreements are currently being prepared, with further tenancy information available upon request.

This portfolio presents an excellent opportunity for investors seeking a mixed-use asset with an established and diversified income stream, proven residential letting history, secure commercial occupiers and excellent potential for future rental growth.

For further information or to arrange a viewing, please contact Northwood Commercial.

Lounge

3.63m x 3.95m (11'11" x 13'0")

With UPVC double glazed window, radiator and new carpet being fitted shortly.

Kitchen Diner

2.82m x 3.64m (9'3" x 11'11")

With a range of wall and base units, free standing electric oven, radiator, UPVC double glazed window and door giving access to a small but private rear yard.

Stairs to :-

From the lounge.

Bedroom One

3.57m x 4.9m (11'9" x 16'1")

With UPVC double glazed window, radiator and new carpet being fitted shortly. **Access to the bathroom and bedroom two are from this room.

Bathroom

3.75m x 3.99m (12'4" x 13'1")

Large bathroom with white suite incorporating a separate shower cubicle and large storage cupboard. Also having two UPVC double glazed windows, radiator and vinyl flooring.

Stairs to :-

From bedroom one to second floor.

Bedroom Two

3.6m x 3.66m (11'10" x 12'0")

Having two skylight windows, radiator and new carpet to be fitted shortly.

Outside

Small enclosed rear yard.

Further Information

With regret no smokers or students can be accepted. Council Tax Band A. Deposit - £720. Available - Early August, Long Term. References and credit checks will be required. Please note these property details, along with the Council Tax band are provided for guidance purposes only, we advise you to check with the local authority to confirm. Northwood do not accept any liability for any omission or errors.

Viewings

By appointment with our office on .