3 bed town house for sale

Monksway, Silverdale NG11

A mixed-use investment opportunity producing a combined rental income of £1,200 pcm, equating to £14,400 per annum, comprising a ground floor commercial unit and a spacious self-contained residential flat above.

This is an appealing opportunity for investors looking to acquire a mixed-use freehold-style asset with established tenants, a combined annual income of £14,400 and the flexibility of both commercial and residential accommodation within a popular neighbourhood retail setting.

Property summary A substantial mixed-use investment opportunity comprising a ground floor commercial premises with a spacious self-contained three-bedroom flat above, currently producing a combined rental income of £1,200 pcm, equating to £14,400 per annum. Offering two established income streams from both the commercial and residential elements, the property represents an attractive proposition for investors seeking a versatile, income-generating asset within an established neighbourhood parade.

The ground floor commercial unit is currently let at £500 pcm and is arranged with a front-facing shop area, providing a clear retail presence within the parade. To the rear, the accommodation extends into a generous kitchen/preparation area, offering excellent operational space for a food, retail or service-based occupier, subject to any necessary consents and lease terms. The layout is particularly practical, with the shop front giving customer-facing space, while the rear section provides useful support accommodation including a store room, walk-in freezer and additional storage area. This gives the commercial unit a depth of usability that should appeal to a range of potential tenants, whether continuing in its current use or being adapted in future.

The first floor residential accommodation is currently let at £700 pcm and is accessed separately, forming a spacious three-bedroom flat above the commercial premises. The flat is arranged to provide an entrance hall, lounge/diner, fitted kitchen, three bedrooms, bathroom and landing area. The lounge/diner is a particularly generous space, enhanced by a wide front-facing window which allows for plenty of natural light and gives the room a bright, open feel. The kitchen is fitted with a range of units and worktop space, with room for appliances, while the bathroom is fitted with a white suite including bath, wash hand basin and WC.

The bedroom accommodation is well balanced, with a larger main bedroom, a further good-sized double bedroom and an additional single bedroom or study, giving flexibility for tenants. The flat appears well suited to long-term residential letting, with a practical layout, good room proportions and neutral presentation throughout. Large windows to the living room and bedrooms help create a light and airy feel, while the overall arrangement makes the accommodation suitable for a range of tenants including sharers, couples or families.

Externally, the property forms part of an established parade of shops with a variety of nearby commercial occupiers, giving the ground floor unit good visibility and a recognisable local setting. To the rear, there is access to a shared service area along with garage-style storage/parking provision, adding useful ancillary space and further practicality for both the commercial and residential elements.

From an investment perspective, the property offers immediate income from day one, with the commercial tenant paying £500 pcm and the residential flat paying £700 pcm. The combined annual income of £14,400 provides a straightforward dual-income investment, with the benefit of income diversification across both commercial and residential tenancies. There may also be scope for future asset management, rental review, lease restructuring or improvement-led value growth, subject to the existing tenancy arrangements and any required consents.

Overall, this mixed-use property offers a compelling opportunity to acquire an income-producing asset with a prominent commercial frontage, spacious residential accommodation above and useful rear access/storage provision, all within an established local shopping parade.

Location summary Monksway is located within Silverdale, a well-established residential suburb to the south-west of Nottingham, offering a practical balance of local convenience, transport links and access to nearby employment and education hubs. The area is popular with a variety of buyers and tenants due to its accessibility, everyday amenities and proximity to both Nottingham city centre and surrounding districts including Clifton, Beeston, Wilford and West Bridgford.

Silverdale benefits from a useful neighbourhood shopping parade, with a selection of local services including convenience stores, food outlets, a pharmacy and other day-to-day facilities. Further amenities can be found in nearby Clifton, where there is a wider range of shops, supermarkets, eateries, schools and healthcare services, while Beeston and West Bridgford also provide more extensive retail, leisure and dining options within easy reach.

The location is particularly well placed for commuters and those needing access to major Nottingham employers. The University of Nottingham, Queens Medical Centre, Nottingham Science Park and Boots headquarters are all readily accessible, helping to support strong rental appeal in the area. Nottingham city centre is also within convenient reach, offering a wide range of shops, restaurants, bars, entertainment venues and transport connections.

For travel, the area is served by regular bus routes, while nearby Clifton provides access to the net tram network, offering a direct route into Nottingham city centre and beyond. Road links are another strong feature, with convenient access to the A453, A52 and A60, as well as onward routes towards the M1, East Midlands Airport, Derby and Leicester. This makes the area suitable for those commuting both locally and further afield.

Silverdale also offers access to a number of green and recreational spaces. The nearby River Trent, Clifton Playing Fields, local parks and riverside walking routes provide options for outdoor leisure, while Attenborough Nature Reserve is also within reach for those who enjoy walking, cycling and nature. The surrounding area has a settled residential feel, with a mix of housing, local facilities and open spaces contributing to its broad appeal.

Overall, Monksway offers a convenient and well-connected location with strong access to local amenities, transport links, education, healthcare and major employment centres, making it an appealing setting for both owner-occupiers and investors.

Shop front / retail area A front-facing commercial space with a large glazed shop frontage providing good visibility from the parade. The area offers customer-facing accommodation suitable for retail, food, service or office-style use, subject to any necessary consents and the existing lease terms. The space provides access through to the rear preparation and storage areas.

Kitchen / preparation area A generous rear kitchen/preparation area fitted with a range of stainless-steel work surfaces and shelving. The space is well suited for food preparation or back-of-house commercial use, with tiled flooring and practical finishes for day-to-day operation.

Store room A useful store room providing additional space for stock, equipment or general commercial storage. Positioned off the main working area, it adds flexibility to the overall commercial layout.

Walk-in freezer / cold storage A dedicated walk-in freezer/cold storage area, providing valuable ancillary space for a food-based occupier or business requiring chilled or frozen stock storage.

Additional rear storage Further rear storage space, offering useful overflow accommodation for stock, supplies or equipment. This area also enhances the operational practicality of the commercial premises.

Entrance hall The flat is accessed via a separate entrance, leading into an internal hallway with doors to the principal rooms. The hallway provides a practical division between the living accommodation, bedrooms and bathroom.

Lounge / diner A spacious and bright lounge/diner featuring a large front-facing window allowing plenty of natural light into the room. The space offers generous proportions for both seating and dining areas, making it a comfortable main living space for tenants.

Kitchen A fitted kitchen comprising a range of wall and base units with work surfaces over, tiled splashbacks and space for freestanding appliances. The room has a practical layout and a window providing natural light and ventilation.

Bedroom one A well-proportioned double bedroom with a window allowing natural light into the room. The space offers room for standard bedroom furniture and would serve well as the main bedroom.

Bedroom two A further double bedroom, again offering good usable floor space and natural light. Suitable for use as a second bedroom, guest room or additional rental bedroom.

Bedroom three A smaller bedroom suitable for use as a single bedroom, study, nursery or dressing room, adding flexibility to the residential accommodation.

Bathroom A bathroom fitted with a white suite comprising bath, wash hand basin and WC, with tiled splashbacks and a window for natural ventilation.

Outside / rear access To the rear of the property there is access to a shared service area, with garage-style storage/parking provision. This provides useful ancillary space for the property and practical access for the commercial element.

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Disclaimer Money Laundering Regulations: Tristram's ask intending purchasers to produce identification documentation. Any delay in receiving this information may cause a delay in agreeing a sale.

Measurements: The room sizes are approximate and are only intended as a guide to the size of the property. We would advise you to verify any measurements that you may require.

Services: Please note Tristram's do not test services, any equipment or appliances in the properties that we market, therefore we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

These particulars are issued in good faith as a guide to prospective purchasers, they do not constitute representations of fact or form part of any offer or contract. The particulars of any property we market should be independently verified by prospective buyers. Neither Tristram's Property Services Ltd nor any of its employees or agents has any authority to make or give any representation or warranty whatsoever in relation to this property. Tristram's has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

While we endeavour to make our sales particulars as fair, accurate and reliable as possible, they are only a general guide for prospective purchasers, therefore if there is any point which is of a particular importance to you, please contact the office and we will be pleased to look into this for you.