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27-29 Bridge Street, Worksop

Guide Price
£120,000

Business rates & charges may apply

Savills, Savills, Auctions
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SECTOR

Mixed use property for sale

Key features

  • High Yielding Mixed Use Investment
  • Ground Floor Retail with Vacant Upper Parts
  • Let to H&T Pawnbrokers
  • Producing £17,500 per annum
  • 1,608 sq ft (149.4 sq m)
  • Upper Parts Offer Development/Conversion Potential (stp)
  • Prominent Unit with return Frontage
  • Established Pedestrianised Location
  • Guide Price Reflects 14.6% Gross Yield

Description

The property comprises a high yielding investment opportunity let to the established High Street covenant of H&T Pawnbrokers. Arranged across ground and first floors, the ground floor is let to Harvey and Thompson Limited on a lease expiring 25/05/2025 and paying £17,500 per annum. We understand that the tenant has provided informal confirmation of their willingness to renew the lease. However no formal proceedings have commenced.

The upper parts are currently vacant and benefit from their own separate access at ground floor level. There may be potential for conversion of the upper parts to alternative uses, including residential (subject to obtaining the requisite consents).

Bridge Street forms the principal retailing area in Worksop, running from the Priory Shopping Centre in the north to the Market Square in the south. The property occupies a prime pitch on the street with nearby occupiers including Superdrug, Halifax, Greggs and Iceland

27-29 Bridge Street, Worksop

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Worksop Station0.6 miles
  • Shireoaks Station2.3 miles
  • Whitwell Station3.6 miles

Notes

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Disclaimer - Property reference 46547C61-25DF-4B7E-AB0F-05B4277B764C. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Savills, Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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