Mansfield is the second-largest settlement in Nottinghamshire and a market town since Henry III granted its charter in 1227. It sits in the Maun Valley, 12 miles north of Nottingham, and is in the middle of a long regeneration programme: Mansfield District Council received £25 million from the Levelling Up Fund in 2023 for the Mansfield Connect hub, a further £2 million is going into the historic market place, and a mixed-use scheme of commercial premises and affordable homes on White Hart Street was approved in 2025.
For a local business, that activity is a reason to look hard at buying rather than renting. Business Mortgages Broker arranges commercial mortgages for trading companies across Mansfield. We are a broker, never the lender, and the finance is secured on the building your company trades from. It is not a residential mortgage.
Owner-occupier mortgages for Mansfield town centre businesses
Mansfield has a large market place at the heart of its retail centre, the Four Seasons shopping centre with more than 50 units, national chains on Stockwell Gate and West Gate, and restaurants, pubs and bars around Leeming Street. Since 2010 a Business Improvement District has been funded by an extra 2% on the rateable value of town-centre businesses, so factor that into running costs if you buy inside the BID area.
Independent retailers, cafés, salons and professional firms are the usual buyers here, often of older buildings with upper floors. If a building has a flat that a director or close family member will live in, the loan may be regulated. Commercial lending to a limited company is unregulated and falls outside the FCA's regulated mortgage perimeter. Where a deal would be regulated, for example lending to a sole trader or individual, or a property where the borrower or a close family member will live in part of it, we refer it to an appropriately authorised firm. Our semi-commercial premises page covers mixed buildings.
Trades, care homes and garages: who works in Mansfield
ONS UK Business Counts 2026, local units.
Show as a table
| Sector | Businesses | Mansfield share | UK share |
|---|---|---|---|
| Construction and building trades | 625 | 16.9% | 12.5% |
| Retail | 420 | 11.3% | 9.3% |
| Professional, scientific and technical | 325 | 8.8% | 14% |
| Health and social care | 295 | 8% | 5.7% |
| Restaurants, cafes and pubs | 260 | 7% | 6.2% |
| Business support services | 260 | 7% | 8.1% |
| Manufacturing and engineering | 205 | 5.5% | 4.3% |
| Transport, logistics and storage | 195 | 5.3% | 4.2% |
| Motor trade and vehicle repair | 185 | 5% | 3% |
- 2.1xresidential care85 businesses
- 1.7xfabricated metal products45 businesses
- 1.7xmotor trade and vehicle repair185 businesses
- 1.6xroad haulage and land transport130 businesses
A figure of 2.0x means the trade makes up twice the share of local businesses that it does across the UK.
Mansfield is a trades town. Construction and building firms make up 16.9% of its 3,720 business units, against 12.5% across the UK, and specialist trades such as electricians, roofers and plumbers run at 1.5 times the national share. Motor trade and vehicle repair is 5% of firms. Residential care stands out too, at 2.1 times the UK rate.
A builder or garage buying a yard or workshop is a straightforward owner-occupier case if the accounts are sound. A care home is different, assessed on occupancy and fee income, which lenders look at as closely as the property.
Road and rail access for industrial premises around Mansfield, Nottinghamshire
The M1 lies west of the town, about 6.8 miles to junction 29 at Heath for traffic from the north and 7.7 miles to junction 27 at Annesley for traffic from the south. The A60 runs north to south through the town between Nottingham and Worksop, the A617 skirts it towards Newark-on-Trent and Chesterfield, and the A38 ends here with a direct route to Derby. The Robin Hood Line, reopened in 1995, gives generally hourly trains to Nottingham and Worksop.
For contractors, wholesalers and manufacturers, a unit with quick access to the A617 or the M1 junctions is easier to run and, in a lender's eyes, easier to re-let. We look at whether a building suits the business for the full term of the loan, not just today. Our business mortgages page sets out how lenders assess trading firms.
Mansfield's office count up by a third since 2016
Valuation Office Agency, non-domestic rating stock of properties, March 2026. Average rateable value is the VOA's estimate of annual rent, not a sale price.
- Industrial and warehouse990properties on the rating listUp 4.2% since 2016Average rateable value £24,500factories, workshops, warehouses and trade units
- Offices720properties on the rating listUp 33.3% since 2016Average rateable value £7,900offices, including converted buildings
- Shops and retail910properties on the rating listUnchanged since 2016Average rateable value £24,600shops, showrooms and retail warehouses
- Other commercial770properties on the rating listUp 10% since 2016Average rateable value £30,700pubs, hotels, surgeries, nurseries, garages and more
Mansfield estates from Hermitage Lane to Millennium Business Park
Named estates and parks listed on Google Maps near Mansfield, October 2026. Listed to show where premises trade locally; we have no connection with the owners or agents.
- Mansfield Business CentreMansfield NG18 2AE
- Highfield Industrial EstateMansfield NG18 5DF
- Quarry Falls Industrial EstateMansfield NG19 7AP
- Old Mill Lane Industrial EstateMansfield NG19 9BG
- Mansfield Innovation CentreHamilton Way, Mansfield NG18 5BR
- Oakham Business ParkMansfield NG18 5BU
- Hermitage Way Hermitage Lane Industrial EstateMansfield NG18 5ES
- Millennium Business ParkMansfield NG19 7DW
- Millenium Business ParkMansfield NG19 7JY
- Oak Tree Business ParkMansfield NG18 3HD
- Oakwood Business ParkMansfield NG18 3HQ
- Mansfield Industrial EstateMansfield NG18 4LN
Office entries on the Mansfield rating list rose from 540 to 720, up 33.3%, though they remain small, with an average rateable value of £7,900. Shops held at 910 and industrial units rose 4.2%. With industrial stock barely growing, a trades business looking for a workshop may find fewer options than an office buyer, and well-located units tend to hold their value.
What a commercial property loan in the Mansfield area costs
Indicative pricing is 6.0 to 7.5% a year for owner-occupiers, subject to status, accounts and valuation, at 70 to 75% loan to value, over terms of 5 to 25 years. The lender takes a first legal charge registered at HM Land Registry, with directors' guarantees in most cases. Arrangement fees are typically 1 to 2%.
Illustrative example. A Mansfield wholesaler buys a freehold unit for £280,000. The 75% loan is £210,000 and the deposit £70,000. Stamp Duty Land Tax at HMRC non-residential rates is 2% on £100,000 (£2,000) plus 5% on £30,000 (£1,500): £3,500, rates as at October 2026; check the current rates before you buy. Our costs page lists valuation and legal fees too. For Newark, Worksop and the rest of the county, see business mortgages across Nottinghamshire.
Mansfield areas and developments we cover
Market Place
The commercial heart of the town, being revitalised with £2 million of new stone surfacing, lighting, seating and a town garden. Shops, cafés and service businesses around the square are the usual owner-occupiers, often in historic buildings near the Old Town Hall.
Leeming Street
Close to the market place and home to the Mansfield Museum and Palace Theatre, with restaurants, pubs, bars and nightclubs. Hospitality operators buying here should expect lenders to look closely at trading figures, as licensed premises are priced as trading businesses.
Stockwell Gate and West Gate
The main streets for national chains outside the Four Seasons centre, including Marks and Spencer. Freehold shop units come up for independent retailers and service firms wanting a prominent frontage on a busy shopping street.
White Hart Street
Bought by the council in 2023 and approved in 2025 for a mixed-use scheme of commercial premises and affordable homes, due for completion in 2028 under the Mansfield Town Centre Masterplan. New commercial units here may suit businesses buying modern space in the centre.
Lindhurst
A large development planned to include 1,700 homes, a hotel, health centre, primary school, care home and offices. Healthcare, childcare and professional businesses serving the new community are likely buyers of premises as it is built out.
