Newgate Lane, Mansfield, Nottinghamshire, NG18 2QD
Frank InnesFrank Innes is a well-established estate agency offering expert auction, sales, and lettings services across the East Midlands. With a strong local presence and as part of the national Sequence network, Frank Innes provides professional guidance for buyers, sellers, landlords, and investors, ensuring a seamless property experience.
Read more Read moreExciting Auction Opportunity! Starting Bid: £180,000 Brilliant Investment Alert - Don’t miss out on this fantastic opportunity to secure a versatile property in a prime location! Situated close to Mansfield Town Centre, this property is perfect for both business and residential use. Key Features: Prime Location - Conveniently located near Mansfield Town Centre, offering excellent visibility and accessibility for any business. Versatile Space - Originally two separate shops, the property has been expanded to accommodate a thriving business but could be easily converted back into two individual shops—ideal for investors or entrepreneurs looking to capitalize on a flexible space. Ample Parking - Features parking facilities for employees, ensuring convenience and accessibility. Large Detached Garage - Located at the rear of the unit, providing additional storage or workspace. Additional Living Space - A self-contained 1-bedroom apartment at the rear includes a lounge/kitchen, a cozy bedroom, and a modern bathroom—perfect for additional rental income or as accommodation for business staff. Investment Potential: Business Flexibility - The property offers potential for a range of business uses or the opportunity to continue the current business model. Conversion Opportunities - Easily revert to two separate retail units to suit various business needs. Rental Income - The 1-bedroom apartment provides an extra income stream or convenient living space. This property offers a unique blend of commercial and residential features, making it an exceptional investment opportunity. With a starting bid of just £180,000, it won’t last long! Auctioneer comments This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
