7th May 2019
Invest in modern office block in the well-connected heart of Mansfield
A three-storey office building in Mansfield would suit an owner occupier or make an excellent addition to a commercial property portfolio, according to auction valuer Nick Trow.
Nick, of SDL Auctions Graham Penny says 2 St Peters Court, Station Street, which will go under the hammer at the Nottingham Racecourse auction on Thursday 6 June, offers a great deal of potential.
“This would be an ideal commercial investment as it has three floors of high quality office accommodation. Two of the floors are currently let to an employment consultancy business, realising an annual rental income of £21,500, leaving the top floor vacant and suitable for letting to a third party or for the buyer to occupy themselves.
“There is also the possibility of converting the premises to residential accommodation, subject to the usual planning consents and the attractive design of the property would lend itself well to such a conversion.”
The modern property, which has a *guide price of £185,000+, consists of a reception and open plan back office on the ground floor, two further offices, kitchen and staff WCs on the first floor and three further offices on the top floor. The ongoing tenancy is for three years and began in March 2017.
Sitting in the heart of Mansfield town centre, next to St Peter’s Shopping Centre, which is home to high street names such as Boots, Next, Laura Ashley, Sports Direct and TK Maxx, the offices are just a few minutes’ walk from the bus station and railway station, which runs services to Nottingham. In addition, Mansfield is well connected to the A38, the M1 and the wider motorway network.
Nick added: “The location, right in the heart of Mansfield, makes this property attractive to commercial tenants, homebuyers and private renters alike, with both transport links and shops right on the doorstep.”
The property will be sold by SDL Auctions Graham Penny, the East Midlands’ biggest auctioneer, at Nottingham Racecourse on Thursday 6 June.
Time is running out to enter your property into the Nottingham auction. For more information, or to request a free auction appraisal of your property, call the team on 0115 958 8702 or click here.