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Chesterfield Road North, Mansfield, NG19 7JD

Floorplan 1
1

Key features

  • Mixed-use investment opportunity
  • Ground floor commercial premises
  • Three self-contained two-bedroom flats
  • Long-standing commercial tenant in occup
  • Exceptionally well-maintained throughout
  • Potential gross income of £49,600 pa
  • Prominent Chesterfield Road location
  • Gross Yield circa 8.4%

Description

An excellent opportunity to acquire a substantial mixed-use investment property occupying a prominent position on Chesterfield Road, Mansfield, comprising a ground floor commercial premises together with three self-contained two-bedroom apartments.

The property has been exceptionally well maintained and improved by the current owner and offers an attractive combination of established commercial income and residential investment potential. The residential accommodation has been finished to an excellent standard throughout, providing modern, spacious living accommodation rarely found within properties of this nature.

The ground floor commercial premises is occupied by a long-standing tenant, providing a secure and established income stream. Above, the property benefits from three well-appointed two-bedroom apartments. Two of the apartments are currently operated as successful short-term holiday lets via Airbnb, whilst the third apartment is occupied by the owner. The quality of accommodation and flexibility of the layout provide a purchaser with numerous options, including the continuation of the existing Airbnb business, conventional residential lettings, owner occupation or a combination thereof.

Externally, the property benefits from parking areas to both the front and rear, providing valuable off-street parking for both commercial and residential occupiers.

Based upon current and projected rental levels, the property is capable of generating an estimated gross annual income of approximately £49,600 per annum, representing an attractive investment opportunity in a sought-after and established location.

Situated on one of Mansfield's principal arterial routes, the property benefits from excellent visibility and accessibility, whilst being conveniently located for Mansfield Town Centre, local amenities and transport links.
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: TBC
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.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Chesterfield Road North, Mansfield, NG19 7JD

Approximate location
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Affordability

Monthly repayments£2,959
Property: £ 590,000
Deposit: £ 59,000
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Extension potential
Recently sold & under offer
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About Lester & Bingley, Mansfield

Unit 2A, Sherwood Oaks Close, Sherwood Oaks Business Park, Mansfield, NG18 4TB
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Lester and Bingley offer extensive experience of sales and lettings across all property sectors. We pride ourselves in offering a professional, no-nonsense approach, achieving the best results for our Clients. Specialising in residential and commercial sales & lettings and development sales & acquisitions.

We are not here to just list your property, we take pride in our proactive approach to marketing so that your property receives maximum exposure and achieves best value. With every avenue explored, from search engines to social media along with a client base and network of contacts from all corners of the property world, we ensure your property is marketed to its fullest potential.

At Lester and Bingley we recognise how stressful buying and selling a property can be. With a clear understanding of our Client?s needs we regularly communicate progress through all avenues available. Having an in-depth knowledge of the property market both nationally and locally is paramount to providing professional advice and reacting to changing market conditions.. We pride ourselves in having experience not only locally but also throughout the UK.

Call now to arrange your free valuation on 0115 734 2000

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Disclaimer - Property reference 728826. 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 Lester & Bingley, 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.

*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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