This is a substantial, imposing and upgraded property prominently positioned to the south east of Mansfield Town Centre, being about 0.5 miles from the town’s historic Market Place.
Tenure. Freehold Investment, subject to existing lease.
Existing lease: 7 years - 1 day from 28 April 2019
(renewable to acceptable tenant).
Rent: £19,200* p.a. currently with upward reviews in 2020, 2022 and 2024.
* Covid relief rent offered until April 2021. Rent £16,000 per annum for this period.
NB The tenant has just spent £15,000 upgrading the property internally. This seems to demonstrate his commitment to remaining.
Rating Authority. Mansfield District Council.
No competition to the tenant locally
This property is on a main through road close to the town centre.