Project Description

The subject property is located on the corner of Victoria Road at the junction with Crossman Street in the up and coming area of Sherwood in the city of Nottingham.
Located just 2 miles north of Nottingham city centre the district of Sherwood is particularly attractive to young families and professionals keen to take advantage of the easy commute into the city centre.
On Mansfield Road in Sherwood, there are a wide range of local, national and international shops and bars. There is a regular bus service into Nottingham City Centre from Mansfield Road, approximately 5 minutes walk.
A mixed use retail and residential property. The accommodation is set over four floors, including the basement. To the front of the ground floor there is a former off licence which has a glazed frontage. Also to the ground floor, there is the owners accommodation, which includes a lounge / dining room and a kitchen situated to the rear, providing access to the cellar area.
To the first floor there are two good sized double bedrooms and a family bathroom. Stairs to the second floor provide access to bedroom three.
To the rear of the property there is a small yard providing access to the garage and other outbuildings.
Investment Analysis
Following a series of improvements, if the property were to be let out as a retail unit with living accommodation above, an annual rental income of £11,000 could be achieved, representing a gross yield of 10%.
If the property is converted two or three apartments (STP) there is substantial scope to add value.
We understand the property has connections to mains gas, electricity, water and drainage.
The property is freehold
Business Rates and Council Tax
The premises have a current rateable value of £17,000.
The flat is rated  in council tax band A. The current council tax payable for (2016/2017) is £1180.72.
*Guide Price

Viewing by Appointment

To view this property, please contact John Pye Property – – 0115 970 6060

Please click the following link to access the legal pack documents –


42 Victoria Road


✓ End terrace former convenience store

✓ Large three bedroom flat above

✓ Set over four floors including basement

✓ Potential for conversion to two or three apartments (STP)

✓ Close to amenities

✓ Rear garage

✓ Gas central heating

✓ Popular residential area

✓ Close to city centre


Matt Kirk
Phone: 0115 970 6060
Our Ref: PR276

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