Mixed-Use Investment Portfolio – Sherwood & Carrington, Nottingham
Guide Price: £374,950
Gross Yield: Approx. 5.80%
Key Features
The portfolio currently generates a combined rental income of approximately £21,740 per annum and offers investors a diversified asset comprising both residential and commercial elements.
Residential Property
Spondon Street, Sherwood, Nottingham, NG5 4AB
A well-presented two-bedroom, one-bathroom terraced house with a private rear garden, arranged over three floors and situated in the highly desirable area of Sherwood.
The property benefits from recent redecoration, new flooring throughout, gas central heating and double glazing. It is currently let and producing an income of £770 PCM (£9,240 per annum).
The property has always proven easy to let, reflecting the strong and consistent tenant demand within Sherwood. The area remains one of Nottingham's most sought-after residential locations, offering excellent local amenities, schools and transport links, making it an attractive proposition for investors.
Commercial Property
526 Mansfield Road, Nottingham
A well-positioned commercial unit located on the busy Mansfield Road commercial parade.
Current rental income:
Business Rates
Rateable Value: Interested parties are advised to make their own enquiries with the local authority regarding the current rates payable and any available reliefs.
VAT
We understand that the property is not elected for VAT. Interested parties should seek independent confirmation.
Commercial Property
528 Mansfield Road, Nottingham
A further established commercial unit occupying a prominent trading position on the busy Mansfield Road high street.
Current rental income:
Business Rates
Rateable Value: Interested parties are advised to make their own enquiries with the local authority regarding the current rates payable and any available reliefs.
VAT
We understand that the property is not elected for VAT. Interested parties should seek independent confirmation.
Investment Information
Total Current Rental Income:
Both commercial units are occupied by registered, long-established businesses with long-standing tenants, reflecting the strength of this busy high street location. New lease agreements are currently being prepared, with further tenancy information available upon request.
This portfolio presents an excellent opportunity for investors seeking a mixed-use asset with an established and diversified income stream, proven residential letting history, secure commercial occupiers and excellent potential for future rental growth.
For further information or to arrange a viewing, please contact Northwood Commercial. EPC rating: E. Council tax band: A, Tenure: Freehold,
With UPVC double glazed window, radiator and new carpet being fitted shortly.
With a range of wall and base units, free standing electric oven, radiator, UPVC double glazed window and door giving access to a small but private rear yard.
From the lounge.
With UPVC double glazed window, radiator and new carpet being fitted shortly. **Access to the bathroom and bedroom two are from this room.
Large bathroom with white suite incorporating a separate shower cubicle and large storage cupboard. Also having two UPVC double glazed windows, radiator and vinyl flooring.
From bedroom one to second floor.
Having two skylight windows, radiator and new carpet to be fitted shortly.
Small enclosed rear yard.
With regret no smokers or students can be accepted. Council Tax Band A. Deposit - £720. Available - Early August, Long Term. References and credit checks will be required. Please note these property details, along with the Council Tax band are provided for guidance purposes only, we advise you to check with the local authority to confirm. Northwood do not accept any liability for any omission or errors.
By appointment with our office on 01159 693456.
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