Summary - 5, MEADOW ROAD NG4 2FF
2 bed 2 bath Mixed Use
Prominent mixed-use asset with immediate rental income and upgrade potential.
Freehold three-storey mixed-use building with two retail units and two flats
Total current rents reserved £21,540 per annum
Prominent high-street position near shops and Victoria Retail Park
0.1 miles from Carlton train station; strong local transport links
Small overall plot size; compact building footprint
Area graded very deprived with above-average crime statistics
Medium flood risk; buyers should commission flood and structural surveys
Will be sold at public auction; sale has public notice/repossession flag
This freehold three-storey mixed-use building in Netherfield offers immediate rental income and hands-on asset-management potential. Occupying a prominent high-street position on Meadow Road, the property comprises two ground-floor retail units and two upper-floor flats producing a total current rent of £21,540 pa. It will be sold by public auction, making it suitable for buyers able to proceed quickly.
The location is convenient: a short walk to local shops, Victoria Retail Park and Carlton train station (0.1 miles). The building’s early 20th-century red-brick façade and multiple income streams suit an investor seeking a compact, let property with scope to improve rental value or reconfigure space subject to consents.
Buyers should factor in material negatives: the neighbourhood ranks as very deprived with above-average crime, and the site is small with medium flood risk. The sale carries a public notice/repossession flag and will be auctioned, so purchasers must carry out their own due diligence and survey work. Active management or refurbishment may be needed to increase income or address any maintenance uncovered on inspection.
Overall, this is an income-producing, small-scale investment in a busy local retail parade, best for investors or experienced landlords prepared for immediate acquisition and hands-on improvement.
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