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502-508 Mansfield Rd 327 - 3,928 sq ft Retail Units Offered at £1,200,000 Per Unit in Nottingham NG5 4AB
Investment Highlights
- Freehold mixed-use investment
- Prominent Nottingham location
- Retail income producing asset
Executive Summary
The property comprises a recently constructed mixed-use building situated on Mansfield Road in Sherwood, Nottingham. The building provides retail accommodation at ground-floor level with a library and residential accommodation occupying the upper floors. The library and apartments have been disposed of on long leasehold interests, leaving the freehold investment subject to the existing occupational retail tenancies. The property occupies a prominent position on a major arterial route linking Sherwood with Nottingham city centre and the wider regional road network.
2 Units Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Sale Type | Investment |
| Tenure | Freehold |
Description
The available investment interest comprises two ground-floor retail units extending to approximately 4,255 sq ft (395 sq m). Unit A is occupied by Sainsbury's Local and provides the principal retail accommodation, while Unit B is occupied by an established menswear tailor. The retail units benefit from prominent frontage and visibility onto Mansfield Road (A60), serving a densely populated suburban catchment and passing traffic.
Sale Notes
The property comprises a freehold mixed-use investment in Sherwood, Nottingham, producing a total passing rent of £70,000 per annum from two ground-floor retail units occupied by Sainsbury’s Local and Manndiip. Sainsbury’s occupies the principal 3,928 sq ft unit on a 15-year lease from October 2023 with RPI-linked rent reviews capped and collared between 1% and 3%, while the secondary unit generates £13,000 per annum. The asset is offered at £1.2 million, reflecting a net initial yield of 5.46%, and occupies a prominent position on Mansfield Road (A60), a key arterial route serving Nottingham city centre and the wider region.
| Sale Type | Investment | Tenure | Freehold |
| Sale Type | Investment |
| Tenure | Freehold |
Description
The available investment interest comprises two ground-floor retail units extending to approximately 4,255 sq ft (395 sq m). Unit A is occupied by Sainsbury's Local and provides the principal retail accommodation, while Unit B is occupied by an established menswear tailor. The retail units benefit from prominent frontage and visibility onto Mansfield Road (A60), serving a densely populated suburban catchment and passing traffic.
Sale Notes
The property comprises a freehold mixed-use investment in Sherwood, Nottingham, producing a total passing rent of £70,000 per annum from two ground-floor retail units occupied by Sainsbury’s Local and Manndiip. Sainsbury’s occupies the principal 3,928 sq ft unit on a 15-year lease from October 2023 with RPI-linked rent reviews capped and collared between 1% and 3%, while the secondary unit generates £13,000 per annum. The asset is offered at £1.2 million, reflecting a net initial yield of 5.46%, and occupies a prominent position on Mansfield Road (A60), a key arterial route serving Nottingham city centre and the wider region.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit A | 3,928 sq ft | Retail | £1,200,000 (£305.50/sq ft) | - |
| Unit B | 327 sq ft | Retail | £1,200,000 (£3,669.72/sq ft) | - |
Unit A
| Unit Size |
| 3,928 sq ft |
| Unit Use |
| Retail |
| Price |
| £1,200,000 (£305.50/sq ft) |
| NOI |
| - |
Unit B
| Unit Size |
| 327 sq ft |
| Unit Use |
| Retail |
| Price |
| £1,200,000 (£3,669.72/sq ft) |
| NOI |
| - |
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Unit A
| Unit Size | 3,928 sq ft |
| Unit Use | Retail |
| Price | £1,200,000 (£305.50/sq ft) |
| NOI | - |
| Sale Type | Investment |
| Tenure | Freehold |
| Description | |
| The available investment interest comprises two ground-floor retail units extending to approximately 4,255 sq ft (395 sq m). Unit A is occupied by Sainsbury's Local and provides the principal retail accommodation, while Unit B is occupied by an established menswear tailor. The retail units benefit from prominent frontage and visibility onto Mansfield Road (A60), serving a densely populated suburban catchment and passing traffic.</li></ul> | |
| Sale Notes | |
| The property comprises a freehold mixed-use investment in Sherwood, Nottingham, producing a total passing rent of £70,000 per annum from two ground-floor retail units occupied by Sainsbury’s Local and Manndiip. Sainsbury’s occupies the principal 3,928 sq ft unit on a 15-year lease from October 2023 with RPI-linked rent reviews capped and collared between 1% and 3%, while the secondary unit generates £13,000 per annum. The asset is offered at £1.2 million, reflecting a net initial yield of 5.46%, and occupies a prominent position on Mansfield Road (A60), a key arterial route serving Nottingham city centre and the wider region.</li></ul> |
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Unit B
| Unit Size | 327 sq ft |
| Unit Use | Retail |
| Price | £1,200,000 (£3,669.72/sq ft) |
| NOI | - |
| Sale Type | Investment |
| Tenure | Freehold |
| Description | |
| The available investment interest comprises two ground-floor retail units extending to approximately 4,255 sq ft (395 sq m). Unit A is occupied by Sainsbury's Local and provides the principal retail accommodation, while Unit B is occupied by an established menswear tailor. The retail units benefit from prominent frontage and visibility onto Mansfield Road (A60), serving a densely populated suburban catchment and passing traffic.</li></ul> | |
| Sale Notes | |
| The property comprises a freehold mixed-use investment in Sherwood, Nottingham, producing a total passing rent of £70,000 per annum from two ground-floor retail units occupied by Sainsbury’s Local and Manndiip. Sainsbury’s occupies the principal 3,928 sq ft unit on a 15-year lease from October 2023 with RPI-linked rent reviews capped and collared between 1% and 3%, while the secondary unit generates £13,000 per annum. The asset is offered at £1.2 million, reflecting a net initial yield of 5.46%, and occupies a prominent position on Mansfield Road (A60), a key arterial route serving Nottingham city centre and the wider region.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 16,560 sq ft | Floors | 3 |
| Property Type | Retail | Typical Floor Size | 5,520 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 2023 |
| Costar Property Class | B | Total Plot Size | 0.27 ac |
| Total Property Size | 16,560 sq ft |
| Property Type | Retail |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 5,520 sq ft |
| Year Built | 2023 |
| Total Plot Size | 0.27 ac |
Amenities
- 24 Hour Access
- Storage Space
- Smoke Detector
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502-508 Mansfield Rd
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