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1-15 Handley Arcade

Shop for sale

£1,100,000 23,538 sq ft

FHP Property Consultants
Contact name

Noel Roper - FHP Property Consultants

Full address
1-15 Handley Arcade, Mansfield NG18 1NQ – Mansfield
Property type

Shop for sale

Asking price
£1,100,000
Available space range
There is 1 space available. This measures 23,538 sq ft.

Sale details

Sale unit 3626389 Available

23,538 sq ft, £46.73 per sq ft

Unit Sale unit 3626389
Address 1-15 Handley Arcade, Mansfield, Nottinghamshire, NG18 1NQ, GB
Size 23,538 sq ft
Price £1,100,000
Price per unit £46.73 per sq ft
Unit Sale unit 3626389
Address 1-15 Handley Arcade, Mansfield, Nottinghamshire, NG18 1NQ, GB
Size 23,538 sq ft
Price £1,100,000
Price per unit £46.73 per sq ft
Sale type Investment
Net income yield 12.06%
Net operating income £195,975

Sale notes

  • High yielding retail investment in the heart of mansfield let as 20 individual units.
  • The property comprises an arcade with the main frontage to leeming street and return frontage to toothill lane, in accordance with the attached places and photographs.
  • The property was probably constructed during the early 1900's and has been well maintained over a long period.
  • Immediately to the south of the property, adjacent to the building is a local authority car park and bus stops on toothill lane and leaming street.
  • The tenants of 7-8 are in the process of expanding the business and upgrading the premises.
  • They current have a late night liquor licence up to 4am.
  • It is operated as a private members club.
  • It should be noted that as some of the tenants business have expanded they have moved to larger premises within the arcade.
  • Mansfield is located 15 miles north of nottingham, 24 miles south-east of sheffield and 24 miles east of derby.
  • The town has easy access to the m1 motorway about 7 miles to the west (junction 29).
  • The district has a population of approximately 100,000 persons with some 230,000 living within 5/6 miles of the town centre and 842,000 persons within 20 miles.
  • Nearby retailers include wilkinsons hardware stores and jd wetherspoon which has a considerable draw to the immediate area.
  • There are adjacent bus stops together with numerous car parks off leeming street.
  • Clumber street and toothill lane.

Property description

The property comprises a building of masonry construction set over two floors providing and arcade of predominantly retail use, with the main frontage to Leeming Street and return frontage to Toothill Lane.

The property is located on a prominent corner location fronting onto Leeming Street and adjacent to Clumber Street with a return frontage to Toothill Lane at the north of Mansfield’s pedestrianised retail area.

Building subtype
Storefront
Number of storeys
4
Rentable building area
23,538 sq ft
Year built
1930

This shop for sale is located in Mansfield.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to FHP Property Consultants. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact FHP Property Consultants for full details and further information.