Summary - 3, STOCKWELL GATE NG18 1JY
1 bed 1 bath Land
**Standout Features:**
- Prime location in Mansfield town center
- Freehold investment opportunity with a strong tenant (Merkur Slots UK)
- Lease until July 2031, generating £60,000 annually
- Significant size - 4,595 sq ft
- Current net initial yield of 10.72%
- High foot traffic area near popular shopping locations
**Concerns:**
- Limited lease term may affect potential mortgage lending
- High crime rate in the area
- Mixed neighborhood with significant deprivation levels
Discover a rare investment opportunity in the heart of Mansfield town center with this substantial commercial property, currently leased to Merkur Slots UK until July 2031 at an annual rent of £60,000. Boasting a significant 4,595 square feet of space, this well-maintained three-story building combines traditional Georgian and Victorian architecture, enhancing its street appeal amidst a vibrant retail atmosphere. With a net initial yield of 10.72%, it offers both immediate income and potential for future appreciation as the area evolves.
While the property has excellent visibility and pedestrian traffic, it’s essential to note the potential mortgage challenges due to the remaining eight years of the lease. Situated in a transitional neighborhood, it reflects the area's ongoing development, including planned expansions to enhance both residential and commercial prospects. Ideal for investors seeking a prominent location, this opportunity won't last long—secure your investment in a rapidly evolving market!
Commercial property for sale in Market Place, Mansfield, Nottinghamshire, NG18 1HZ, NG18 — £2,100,000 • 14 bed • 12 bath • 6232 ft²
14 bedroom block of apartments for sale in Market Place, Mansfield, Nottinghamshire, NG18 1HZ, NG18 — £2,100,000 • 14 bed • 12 bath • 6232 ft²
High street retail property for sale in 15 St. Peters Gate, Nottingham, Nottinghamshire, NG1 2JF, NG1 — £800,000 • 1 bed • 1 bath • 6092 ft²
Land for sale in Mansfield Road, Nottingham, NG1 — £2,100,000 • 1 bed • 1 bath
Bar / nightclub for sale in Playground, 37 Leeming Street, Mansfield, NG18 1NB, NG18 — £50,000 • 1 bed • 1 bath • 5521 ft²
Commercial property for sale in Kirk Gate, Newark, NG24 — £230,000 • 1 bed • 1 bath • 1555 ft²
