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Home > Find a Property > Chester House Development Opportunity – Vacant Mixed-Use Property Auction Eastwood

Chester House Development Opportunity – Vacant Mixed-Use Property Auction Eastwood

Guide price £160,000

Type of Sale

Auction

Key Features

  • Ground Floor Commercial and 4 Serviced Office Above
  • Ideal Investment Potential for Residential conversion subject to obtaining the necessary consent
  • Potential Income Circa £25320 P.A.
  • Three Storey Commercial Property
  • Vacant possession upon completion
A street view of a two-story brick building with businesses on the ground level. One sign reads "MARIO's" next to "CORE OFFICES." Another sign for "Chester Consulting Limited" is visible, and a "To Let" sign is in one upper window. Pink arrows point to the roof. Property for sale by Auction A small office with a green carpet, white walls, and a large window with vertical blinds. The room has a desk with office supplies, two blue chairs, and a whiteboard. Several potted plants are placed around the room. There's also a notice board on the wall announcing an investment property available for sale by auction. Presented by Palace Auctions Property for sale by Auction A small office with two desks and blue chairs. One desk is near a window with blinds, the other against the wall with plants on it. Another plant is in the corner. There's a map and a clock on the wall, and a printer is visible in the foreground—an ideal setup for discussing available investment properties for sale by auction. Presented by Palace Auctions Property for sale by Auction A small, sparsely furnished office with green carpet tiles is available for sale by auction. The room contains a wooden desk with a white top, a wooden cabinet, a black chair, and a white radiator. One wall features a bulletin board. The door to the room is partially open. Perfect investment property on Church Walk! Presented by Palace Auctions Property for sale by Auction A small office space with two desks is now part of an intriguing investment property available for sale by auction. Each desk has a blue office chair; one is positioned by the door, and the other under a window with closed blinds. The room has white walls and green carpet flooring, adding to its appeal. Presented by Palace Auctions Property for sale by Auction A small white-tiled kitchenette with a sink, faucet, and blue dish rack under the window. Above the counter is a cabinet. On the counter beside the sink is a microwave. There are soap dispensers and warning signs on the wall—an ideal feature in this Church Walk pharmacy investment property available for sale by auction. Presented by Palace Auctions Property for sale by Auction A small attic office with a skylight. The room has a desk with a computer monitor, keyboard, and stacks of papers on it. A black jacket is draped over a chair next to the desk. A framed picture hangs above the radiator, and there's blue carpet on the floor—much like the charm seen in Church Walk properties available for sale by auction. Presented by Palace Auctions Property for sale by Auction A small office with two white desks forming an L-shape, two black office chairs, a wooden bookshelf on the left, a white wall cabinet on the right, and a window with vertical blinds letting in natural light. The room features blue carpeting and white walls—located near Church Walk Pharmacy. Presented by Palace Auctions Property for sale by Auction A small restroom with a white toilet and open lid, a beige sink, and a liquid soap dispenser mounted on the wall. A small window sits above the sink, providing natural light. The door has a "Toilet" sign and is partially open, revealing tiled walls and a radiator in this Church Walk pharmacy investment property available for sale by auction. Presented by Palace Auctions

Description

Chester House, a substantial vacant mixed-use property in Eastwood, Nottinghamshire, is now offered as a prime development and conversion opportunity. With flexible internal layouts, Class MA permitted development rights potential, and a new guide price of £160,000, this freehold building is ideal for investors and developers seeking value-add projects in a thriving market town.

Vacant Mixed-Use Property Auction Eastwood

Welcome to Chester House, a rare vacant mixed-use property auction Eastwood opportunity. This substantial freehold building, located at 2-6 Mansfield Road, Eastwood, Nottinghamshire NG16 3AQ, is now offered with vacant possession and a new guide price of £160,000. Previously configured as a ground-floor commercial unit with upper floor offices, Chester House is now entirely vacant, presenting a blank canvas for developers, investors, and owner-occupiers. With flexible internal layouts, strong development potential under Class MA permitted development rights, and three internal video tours available, this property is ready for immediate transformation. Sold under an unconditional auction contract, Chester House is your gateway to a high-potential project in a vibrant Nottinghamshire market town.

Prime Development & Conversion Potential in Eastwood

Chester House stands out as a vacant mixed-use property auction Eastwood buyers will not want to miss. The building’s three-storey configuration and generous internal footprint make it ideal for a range of development strategies. Whether you are considering residential conversion, serviced offices, boutique commercial uses, or a hybrid scheme, the property’s flexible layout supports multiple outcomes. The ground floor, previously a pharmacy, and the upper floors, formerly serviced offices, are now vacant, allowing for immediate works. With Class MA permitted development rights in England, you may convert qualifying commercial space to residential use (subject to prior approval), unlocking significant value. The property’s prominent high street location ensures strong demand for both residential and commercial end uses.

Flexible Internal Layouts – Room Measurements & Zoning

The auctioneers last inspected Chester House on 8th May 2026, taking detailed internal measurements to assist buyers in planning their development or conversion. The building comprises:
  • Top Floor Office 1: 3.23m x 4.93m
  • Top Floor Office 2: 5.059m x 4.138m
  • Top Floor Office 3: 3.942m x 3.167m
  • First Floor Office (Duplicate 3): 3.942m x 3.167m
  • First Floor Kitchen/Toilet: 4.258m x 2.574m
  • Ground Floor Zone 1: 5.869m x 4.997m
  • Ground Floor Zone 2: 3.452m x 3.688m
  • Ground Floor Zone 3: 2.721m x 2.683m
  • Ground Floor Kitchen: 3.883m x 2.555m
  • Ground Floor Toilet: 2.566m x 3.364m
These generous proportions provide ample scope for reconfiguration, subdivision, or open-plan layouts. The property’s vacant status means you can commence works immediately following completion, subject to the necessary consents.

Class MA Permitted Development Rights – Unlocking Residential Value

One of the most compelling aspects of this vacant mixed-use property auction Eastwood is its eligibility for Class MA permitted development rights. Under current planning regulations in England, Class MA allows the change of use from commercial (Class E) to residential (C3) without full planning permission, subject to prior approval and certain criteria. The building must have been in commercial use for at least two years and vacant for at least three continuous months before application. Chester House meets these criteria, offering a streamlined pathway to residential conversion. All new homes must meet national space standards and provide adequate natural light. For full details, see the GOV.UK Permitted Development Rights guidance and the Planning Portal’s change of use advice.

Previous Income & Potential Returns

While Chester House is now vacant, its previous income profile demonstrates the property’s strong earning potential. The ground-floor commercial unit (formerly a pharmacy) previously generated £9,000 per annum, while the upper floor offices achieved up to £44,400 per annum when fully let, for a total gross income of £53,400 per annum. These figures are provided for guidance only and represent the property’s potential when fully occupied. With the building now vacant, buyers have the flexibility to reposition the asset for maximum returns, whether through residential conversion, serviced offices, or a mixed-use scheme. Auction yields for similar properties in the East Midlands typically range from 6.95% to 9.5%, with development uplift potential of 40% to 70% post-renovation.

Location Highlights – Eastwood, Nottinghamshire

Chester House occupies a prime position on Mansfield Road, Eastwood’s main commercial thoroughfare. Eastwood is a thriving Nottinghamshire market town, renowned as the birthplace of D.H. Lawrence and benefiting from strong local amenities. The property is surrounded by national retailers, independent shops, cafes, and essential services, ensuring high footfall and visibility. Eastwood offers excellent transport links to Nottingham, Derby, and the wider East Midlands, making it attractive for both residents and businesses. The town is well-served by schools with strong Ofsted ratings, and major supermarkets including Aldi, Asda, Morrisons, Lidl, M&S, Sainsbury’s, Tesco, and Farmfoods. Nottingham and Derby hospitals are easily accessible by road and public transport.

Regeneration, Investment & Levelling-Up Context

Eastwood and the wider Nottinghamshire area are currently benefiting from significant regeneration and levelling-up funding. Over £2 billion of investment is being directed into major projects such as Broad Marsh, The Island Quarter, and Bulwell town centre. Nottingham City Council has secured substantial Levelling Up Fund and UK Shared Prosperity Fund allocations, supporting town centre improvements, business growth, and community infrastructure. These initiatives are designed to revitalise high streets, restore heritage buildings, and encourage mixed-use and residential development. For more information, visit Invest in Nottingham: Key Developments and Nottingham City Council: UKSPF. This supportive environment enhances the investment case for vacant mixed-use property auction Eastwood opportunities like Chester House.

Legal Pack, Auction Details & Unconditional Sale

Chester House is offered for sale by Palace Auctions London under an unconditional auction contract. The legal pack is available for download and includes title documents, previous leases, floor plans, and boundary surveys. The property is sold freehold with vacant possession, allowing buyers to proceed without delay. The new guide price is £160,000, reflecting the property’s vacant status and development potential. Standard buyer’s premium and documentation fees apply. For full auction terms, refer to the current auction catalogue and the buyer’s legal guide. Completion is typically within 28–56 days, with a 95% completion rate and no vendor fees.

Internal Videos, Floor Plans & Viewing Arrangements

To assist buyers in assessing the vacant mixed-use property auction Eastwood, three internal video tours are now available. These videos provide a comprehensive walkthrough of the building’s layout, condition, and development potential. Detailed floor plans and photographs are also included in the legal pack and online listing. Physical viewings can be arranged by appointment with Palace Auctions London. The property’s vacant status ensures immediate access for surveys, architects, and contractors. For further information or to request the video tours, contact Palace Auctions at 0207 101 36 47 or sales@palaceauctions.com.

Development Strategies & End-Use Scenarios

Chester House offers a wealth of development and conversion options for the successful bidder. Potential strategies include:
  • Residential Conversion: Transform the upper floors into self-contained apartments or Houses in Multiple Occupation (HMOs), capitalising on strong local demand.
  • Serviced Offices: Refurbish the building as modern serviced offices, targeting SMEs and start-ups seeking flexible workspace.
  • Boutique Commercial: Retain or reconfigure the ground floor for retail, hospitality, or specialist uses, with residential or office accommodation above.
  • Hybrid Scheme: Combine commercial, office, and residential elements to maximise value and appeal to a broad range of occupiers.
The property’s flexible internal layout, generous room sizes, and prominent location support a wide range of outcomes. Buyers are encouraged to seek professional planning advice and review the legal pack for full details.

Why Invest in a Vacant Mixed-Use Property Auction Eastwood?

Investing in a vacant mixed-use property auction Eastwood offers several compelling advantages:
  • Value-Add Potential: Vacant status allows for immediate works and repositioning.
  • Permitted Development Rights: Streamlined conversion to residential use under Class MA.
  • Strong Local Demand: Eastwood’s amenities and transport links attract both residents and businesses.
  • Regeneration Upside: Ongoing investment and levelling-up funding support long-term growth.
  • Flexible Exit Strategies: Multiple end-use scenarios, from resale to rental or owner-occupation.
With a new guide price of £160,000 and no ongoing tenancies, Chester House is a rare opportunity for investors and developers seeking a high-potential project in a thriving market.

Internal Links & Further Information

For more information on buying at auction, see our current auction catalogue and buyer’s legal guide. If you are considering selling a similar property, our property valuation and market appraisal service offers expert advice and free appraisals. Explore more London and mixed-use property listings for additional investment opportunities.

Outbound Links for Authority & Guidance

Summary & Call to Action

Chester House represents a standout vacant mixed-use property auction Eastwood opportunity for investors, developers, and owner-occupiers. With vacant possession, flexible layouts, Class MA permitted development rights, and a new guide price of £160,000, this freehold building is ready for immediate transformation. The property’s prime location, strong local demand, and supportive regeneration context further enhance its appeal. Three internal video tours, detailed floor plans, and a comprehensive legal pack are available to support your due diligence.
Ready to unlock the potential of Chester House? Register to bid, download the legal pack, or arrange a viewing today. For expert advice on development, planning, or auction strategy, contact Palace Auctions London at 0207 101 36 47 or sales@palaceauctions.com. Our team of RICS-qualified professionals is here to guide you through every step of the process.
For further guidance on permitted development, planning, or investment strategy, consult the authoritative pre auction specialists. Last updated 13:01 09/05/2026

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Tom Barrett Palace Auctions Director Company Director/Sales Director

Location

Chester House, Eastwood, Nottinghamshire NG16 3AQ ///nags.detriment.modern

Viewing Details

Viewing’s Available subject to 48 Hours Notice upon request with one of our agents.

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Street View

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Income
The ground floor is let at £550 per calendar month/£6,600 per annum on a seven-year lease.
Potential income once fully Let circa £25,000

EPC

EPC Rating: D
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Mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. © Crown Copyright. All rights reserved. Licence number 100022432. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty’s Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020

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