End of terrace house for sale

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End of terrace house for sale

Mansfield Road, Nottingham, NG5
£170,000

Our Summary

  • Northwood is excited to present this excellent investment opportunity to acquire a fully tenanted freehold property on Mansfield Road comprising of a flat with an AST and shop with lease until March 2027 providing a yield of 7%
  • Please contact us to arrange a viewing on this good investment opportunity

Description

Northwood is offering a unique investment opportunity to acquire a fully tenanted freehold property on Mansfield Road, comprising a flat with an Assured Shorthold Tenancy (AST) and a shop with a lease until March 2027. The property features a ground floor retail unit with a fitted kitchen, W.C., and storage area, currently let for £6,480 per annum, as well as a self-contained one-bedroom flat above, let for £500 per month. The property generates a combined rental income of £12,480 per annum, providing a yield of 7%. The tenants are currently in situ, making this a hassle-free investment with immediate income.