An entire fully-let mixed-use building offered in one freehold transaction - a ground-floor hair and beauty salon with 4 self-contained 1-bed flats on the upper floors. All 5 units are income-producing, generating £35,400 per annum in gross rent (£2,950 pcm) that lands from the day of completion with no void to absorb and no lease-up work to fund. All 4 residential tenancies were renewed on new leases in April 2026, and the commercial unit is held by a long-standing tenant.
At £340,000 the entry sits around 30% below the blended area valuation of £487,000 - the 4 flats valued on local residential pricing and the salon valued on its commercial income. The building stands on a prominent Mansfield arterial road, a short distance from the railway station and well served by local schools and amenities. As a mixed-use building it qualifies for non-residential Stamp Duty at around £6,500, with no residential additional-property surcharge - a meaningful saving versus standard buy-to-let rates on a purchase of this size.
On a 75% refinance the Return on Capital Employed reaches 13.1%, leaving £108,600 in the deal working at £14,220 net per annum.
Map centred on the Mansfield NG19 area for general guidance only. The exact address is shared with serious buyers at the appropriate stage.
Residential 2,583 sqft valued on local sold £/sqft (£125 to £220); commercial valued on its £9,000 pa income at an 8% to 11% yield. Low / avg / high combined, compared with the £340,000 asking. 20 area transactions within a 0.2 mile radius, January 2025 to April 2026.
4 domestic EPCs plus the commercial certificate, all valid to 2036. Compliant under current minimum standards for let property.
Gross income as confirmed, fully let. LHA reference rate: North Nottingham BRMA, lha-direct.voa.gov.uk, 2025-26.
| Property | Date | Price | Type |
|---|---|---|---|
| House, NG19 | Dec 25 | £285,000 | Freehold house |
| Semi, NG19 | Oct 25 | £243,000 | Semi-detached |
| Semi, NG19 | Nov 25 | £230,000 | Semi-detached |
| Semi, NG19 | Dec 25 | £151,500 | Semi-detached |
| Semi, NG19 | Feb 26 | £125,000 | Semi-detached |
Area residential sales within 0.2 mile, last 18 months, informing the residential element of the valuation. Addresses withheld to protect subject confidentiality. The subject is a whole mixed-use building, valued on a combined residential-plus-commercial basis.
Commercial unit modelled on a full repairing and insuring basis (tenant covers repairs and insurance). Residential expenses on standard 4% voids, 4% maintenance, 12% management. Pre-screen figures, indicative only.