Upper Regent Street., Mansfield, Nottinghamshire, NG18 1SS

An exciting opportunity to acquire a substantial mixed-use commercial investment occupying a prominent position on Upper Regent Street in Mansfield town centre.

The property comprises 6, 8, 10, 12 & 14 Regent Street, Mansfield, NG18 1SS, collectively known as Upper Regent Street.

The accommodation extends across an impressive building comprising four commercial units at ground-floor level, together with a substantial former office premises across the upper floors, offering considerable space and potential for an incoming purchaser, subject to any necessary consents.

Of the four ground-floor commercial units, two are currently let and income producing, while the remaining two are vacant.

The current tenancies comprise: Commercial Unit 1 – let on a 21-year lease, producing £15,210 per annum. Lease expiry date to be confirmed.

Commercial Unit 2 – let on a six-year lease running until March 2030, producing £14,000 per annum. The existing rental income therefore totals £29,210 per annum.

The two currently vacant commercial units were most recently let at £8,500 per annum and £10,000 per annum respectively, demonstrating the potential to increase the overall rental income through reletting.

With its combination of existing income, vacant commercial accommodation and extensive former office space above, Upper Regent Street presents an excellent opportunity for investors, developers and owner-occupiers seeking a substantial town-centre asset with significant future potential.

Viewings are highly recommended and available by appointment. Please contact Auction House to arrange access.

Floor plans and further documentation are available within the legal pack via the property listing on our website.

Tenure and full lease information should be confirmed by reference to the legal pack prior to bidding. Tenure: Freehold