Auction lot with conversion potential and immediate rental upside.
- Four floors plus basement; approx. 2,407 sq ft total
- Current gross rent £18,540; potential to exceed £20,000
- Vacant retail unit and imminent residential vacancy
- Garage and scope to extend or convert (STPP)
- EPC ratings split D and E; period building pre‑1900
- Solid brick walls with assumed no cavity insulation
- Located on busy A60 parade with strong footfall
- Area classed as deprived; higher local crime rates
A substantial four‑storey Edwardian mixed‑use building on Mansfield Road, offered freehold at public auction on 27 November 2025. The retail unit has recently been vacated and the duplex apartment above will soon be vacant, creating an incoming investor opportunity with immediate control and flexible reuse.
Current gross rental income is £18,540 with scope to exceed £20,000 once new tenancies are agreed, supporting the vendor’s advertised potential for a >10% ROI. The property totals approximately 2,407 sq ft, includes a separate garage and a rear yard, and offers conversion or extension potential subject to planning (STPP).
Practical considerations: the building dates from before 1900 with solid brick walls (assumed no insulation), split EPC ratings of D and E, and double glazing added post‑2002. It sits on a high‑footfall A60 parade close to national retailers and transport links, but the surrounding area is classified as deprived with higher local crime levels.
This is a value‑add lot for investors or developers comfortable with auction purchase terms, renovation work and planning processes. The sale is unconditional at auction; buyers must note the 5% deposit and buyers’ fee apply, and should review the legal pack prior to bidding.
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