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Freehold mixed-use investment and retail
Sherwood, NG5 - Get Access
3 bed
1 bath
Description
An opportunity to acquire a freehold mixed-use property comprising a ground-floor restaurant and a self-contained two-bedroom flat over the first and second floors. Situated in a prominent position on Mansfield Road, the property is located in the heart of Sherwood's main retail area, set 1.9 miles north of Nottingham City Centre. Mansfield Road serves as a major arterial route in and out of the city centre, benefiting from high footfall and passing traffic, and is close to local bus stops providing regular services to the city and surrounding areas. Nearby national occupiers include Sainsbury's, Holland & Barrett, and The Gym. The ground-floor restaurant and takeaway was refurbished in 2025 and comprises a dining area, sales counter, kitchen, and staff toilet, with a basement providing additional storage space. The upper-floor flat features self-contained access to the rear; the first floor includes a kitchen and a bedroom, while the second floor provides a further bedroom and a family bathroom. The property is held on a freehold title and is currently let on a 15-year lease at a passing rent of £14,800 per annum, which expired on 21st July 2025 and is currently holding over. This represents an ideal investment or owner-occupier opportunity.
Comparable sales
No comparables available.