41-47 Mansfield Road, Daybrook, Nottingham

Retail News

Acting on behalf of George Akins, Fisher Hargreaves Proctor have successfully marketed and disposed of
41 – 47 Mansfield Road, Daybrook, Nottingham.

The property comprises two large retail units at ground floor let to Nu Concepts Ltd and Coral Estates producing £30,000 rising to £31,500 in June 2008.   To the upper floor are four self contained 1 bedroom flats producing £17,340 pax, a total current income of £47,340 pax.  The purchase price of £625,000 represented a net initial yield of 7.16% rising to 7.39%.  Innes England represented the purchasers NOS Number 2 Limited.