Freehold Property to buy in Mansfield

Key points

• Mansfield is the second largest settlement in Nottinghamshire with a population of 110,500 (2021).
• The property is situated 0.6 miles from Mansfield town centre and occupies a prominent position immediately off Nottingham Road (A60) and adjacent to occupiers including Sainsbury’s, Aldi and Currys.
• Large captive catchment population of 189,300 within a 15-minute drive time, increasing to 306,000 within 20 minutes.
• Purpose-built cinema and bingo anchored leisure park extending to 75,052 sq ft GIA with 561 surface car parking spaces (1: 134 sq ft).
• Fully let to tenants including Odeon, Club 3000, Nando’s, McDonalds, Bella Italia and Serenity.
• The scheme produces an annual rental income of £1,077,298 per annum, reflecting £14.35 per sq ft.
• 72% of the scheme's current income benefits from inflation-linked or fixed rental uplifts.
• WAULT to expiry of 11.1 years, and 10.7 years to break.
• Freehold. 7.14 acres (25% site coverage).