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COMMERCIAL

Victoria Square, Worksop, S80

£625,000
Newton Fallowell Worksop, Worksop
PROPERTY TYPE

Commercial Property

BEDROOMS

7

SIZE

Ask agent

Key features

  • Freehold Investment
  • Let at £80,346 per annum
  • 4-5 Shops
  • 6 Self Contained Flats
  • Advertising Boarding
  • In Excess Of 10% Yield

Description

An exceptional freehold investment opportunity with a rental potential of £80,346 per annum with a yield in excess 10%.

Property Overview:

This mixed-use site offers a diverse and profitable investment, comprising:

  • Five retail units
  • Six self-contained flats
  • Advertising hoarding
  • Shared car park

Situated in a bustling commercial parade within a residential area, the property features over 5,000 sq. ft. of accommodation with a prominent 95-foot frontage.

Current Tenancy Overview:

Ground Floor – Retail Units

  • Moo Lab (Unit 5) – £833 pcm
  • Unit 7-9 – £800 pcm
  • Best Mini Mart (Unit 11) – £650 pcm
  • Fone and Smoke (Unit 13) – £650 pcm
    Total Commercial Income: £35,196 per annum

Upper Floors – Residential Flats

All six flats are large, self-contained, and fully let under assured shorthold tenancies:

  • Flat 5A – £600 pcm (3-bedroom)
  • Flat 7A – £650 pcm (3-bedroom)
  • Flat 9A – £675 pcm (4-bedroom)
  • Flat 11A – £600 pcm (3-bedroom)
  • Flat 13A – £450 pcm (1-bedroom)
  • Flat 13B – £475 pcm (1-bedroom)
    Total Residential Income: £41,400 per annum

 

Advertising Hoarding

  • Positioned on the left-hand gable wall
  • Rental Income: £3,750 per annum

Shared Car Park

Convenient parking area accessible to tenants and visitors.

Key Features:

  • Total Annual Income: £80,346
  • Yield: Over 10%
  • Situated in a high-demand area surrounded by commercial and residential properties
  • Ready-to-go income stream with long-term potential

 

Victoria Square, Worksop, S80

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Worksop Station0.3 miles
  • Shireoaks Station2.2 miles
  • Whitwell Station3.7 miles
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About Newton Fallowell Worksop, Worksop

84 Bridge Street, Worksop, S80 1JA
Our Office
Welcome to our Worksop Office

Our team has established a strong presence in the Worksop area, taking over the reins from well respected & trusted agent David Hawke & Val Casey.

Business owner David Parker has over 30 years of industry experience, and along with his team bring a wealth of expertise to the local market. Our deep understanding of the area ensures that you receive a profession, friendly and approachable advice on all property matters.

As the leading agents in Worksop, we pride ourselves on professionalism and approachability. Your significant sale or purchase deserves our utmost attention, and we'll carefully discuss your plans and requirements to determine the best strategy for success.

Being part of Newton Fallowell's extensive network allows us to effectively showcase and promote our clients' properties.

Our comprehensive range of services encompasses estate agency, financial services, conveyancing, and surveys.

Consistency defines us - New team, same high standards, same unwavering commitment, and the same level of care, just as it has always been.

Worksop is a unique market town situated in the north of Nottinghamshire aptly dubbed the gateway to the Dukries. This influence even reflects in the town centre, at bridge Street and Bridge Place/the heart of Worksop's thriving retail community, Coloured stone is set into the paving on the pedestrian street, depicting the local heraldic crests, there's also a paved maze featuring the heraldic line and unicorn giving the town a sense of real historic character.

Worksop and district offer excellent value in terms of new and existing homes being somewhat less than the Sheffield pricing and yet with the advantage of living away from the city but with superb commuting to Sheffield, Rotherham, Doncaster and Chesterfield, we're a 10-15 Minutes' drive from Retford and the Kings Cross Line to London and 10-15 Minutes from the A1 connection at Blyth And M1 at Balbrough and Todwick

Worksop nestles on the edge of Robin Hood country Sherwood Forest and clumber park which is owned by the national trust with approximately 1000 acres for woodland, there are numerous schooling and education facilities including Worksop College providing sport and leisure facilities at Valley and Bassetlaw sports centre and various Golf clubs including the renowned championship Lindrick golf course just out of Worksop.

Contact Us

Email: worksop@newtonfallowell.co.uk

Website: https://www.newtonfallowell.co.uk/worksop-estate-agents/

Telephone:  01909 531450

Notes

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