Nottingham Road, Loughborough | Sheldon Bosley Knight Estate Agents

For Sale By Public Auction.An opportunity to acquire a freehold mixed-use investment property comprising a ground floor commercial unit (No. 81) and a self-contained three-bedroom flat above (No. 81A). No. 81 is currently let as a dance studio under a 1954 Act commercial tenancy, providing an immediate and established income stream. The commercial unit has a current passing rent of £7,800 per annum. The space offers a entrance space, studio, kitchen, store and WC. There is also access to a courtyard rear garden. The dance studio is sold with a tenant in situ. No. 81A, previously let on a residential tenancy, is now vacant and would benefit from a scheme of modernisation and redecoration. The accommodation is spread across two floors with the first floor including the lounge/diner, kitchen, bathroom and bedroom. On the second floor, two further bedrooms can be found. Following refurbishments we would expect the property to achieve £900pcm. The apartment is sold with vacant possession. When fully let, the combined residential and commercial income would generate £19,200 per annum, equating to a gross yield of 9.8% (based on the auction guide price), and offering an appealing investment opportunity for new and seasoned investors alike.The property occupies a prominent corner position on Nottingham Road and Queens Road, on the eastern side of the vibrant market town of Loughborough. Loughborough offers a wide range of amenities including shops, schools, pubs, churches, and a hospital, together with a strong rental market supported by the university.Auction Details:Sheldon Bosley Knight Land and Property AuctionWednesday 15th April 2026 at 6:00pmLive Auction Event