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Investment property with retail showroom

Nottingham, NG1 - Get Access

Description

An opportunity to acquire a fully fitted retail showroom extending to 7,297 sq ft, occupying a highly prominent position on Mansfield Road in Nottingham City Centre. The property fronts Mansfield Road, a key arterial route into the city centre, and sits diagonally opposite the Victoria Shopping Centre and Bus Station. Nottingham Trent University City Campus is located a short walk away. The property comprises a showroom with an extensive glazed frontage to Mansfield Road, fully fitted as a retail showroom of mainly open-plan sales space. The ground floor area is approximately 4,471 sq ft, complemented by a first-floor mezzanine of approximately 2,826 sq ft, bringing the total floor area to approximately 7,297 sq ft. Further features include a secondary frontage onto Bluecoat Street, staff toilets, a kitchen, offices, and a rear storeroom. The property occupies the full title area with no external areas. On-street parking is available on North Sherwood Street, and the Victoria Shopping Centre multi-storey car park is situated opposite. The property offers scope for a range of alternative uses, subject to obtaining the necessary planning consents.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 8,051 sq ft (Floor plan)

This commercial retail showroom of unknown era on Mansfield Road in Nottingham City Centre was valued by examining regional retail benchmark rates per square foot. The property presents in good structural order with a condition score of 6/10, featuring minor dated finishes like suspended grid ceiling tiles and commercial flooring. Floor area was derived from the internal valuation floor plan measuring 8,051 sq ft.

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