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502-508 Mansfield Rd 327 - 3,928 SF Retail Condo Units Offered at $2,250,074 CAD 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
- Condo 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 | Condo Use | Price | NOI |
| Unit A | 3,928 SF | Retail | $2,250,074 CAD ($572.83 CAD/SF) | - |
| Unit B | 327 SF | Retail | $2,250,074 CAD ($6,880.96 CAD/SF) | - |
Unit A
| Unit Size |
| 3,928 SF |
| Condo Use |
| Retail |
| Price |
| $2,250,074 CAD ($572.83 CAD/SF) |
| NOI |
| - |
Unit B
| Unit Size |
| 327 SF |
| Condo Use |
| Retail |
| Price |
| $2,250,074 CAD ($6,880.96 CAD/SF) |
| NOI |
| - |
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Unit A
| Unit Size | 3,928 SF |
| Condo Use | Retail |
| Price | $2,250,074 CAD ($572.83 CAD/SF) |
| 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 SF |
| Condo Use | Retail |
| Price | $2,250,074 CAD ($6,880.96 CAD/SF) |
| 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 Building Size | 16,560 SF | Floors | 3 |
| Property Type | Retail | Typical Floor Size | 5,520 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 2023 |
| Building Class | B | Lot Size | 0.27 AC |
| Total Building Size | 16,560 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 5,520 SF |
| Year Built | 2023 |
| Lot Size | 0.27 AC |
Amenities
- 24 Hour Access
- Storage Space
- Smoke Detector
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502-508 Mansfield Rd
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