Multi-Site Investment Opportunity, 63 Newcastle Avenue, Worksop, S80 1LX

The site consists of a large car park (approx. 25 spaces) that the tenants maintain with a service charge.

This single storey, brick building was built in 2008 and has had these two tenants in it for the last 15 years.

Split in half, both sites share a similar square footage and are occupied by well known companies.

The site is just shy of 0.4 acres and the building is a few feet shy of 7000sq ft. Floorspace measurements from the EPC.

Worksop is a market town in the Bassetlaw District in Nottinghamshire, England. It is located 15 miles (24 km) south of Doncaster, 15 miles (24 km) south-east of Sheffield and 24 miles (39 km) north of Nottingham. Located close to Nottinghamshire's borders with south Yorkshire and Derbyshire, it is on the River Ryton and not far from the northern edge of Sherwood Forest. Other nearby towns include Chesterfield, Gainsborough, Mansfield and Retford. The population of the town was recorded at 44,733 in the 2021 Census.

The site is less than a mile from the train station and set on the main B6024 road heading into Worksop from the west, a few hundred meters from the A57 and A60 roundabout.

The building is in a residential area of Worksop and features a neighbourhood retail store.

The property has been elected for VAT. The transaction will therefore be treated as a transfer of a going concern and VAT will not be charged on the purchase price.

A new buyer would benefit from buying a modern purpose built building with two very reputable tenants in situ. One with a 10 year lease paying £45,000pa and the other with a 15 year lease paying the same. Both tenants are well establish there with a 15 year history for both. The car park to the rear is a great bonus and the maintenance is paid for by the tenants. If purchased at the asking price a potential buyer would be looking at a return of 7% gross yield.

Freehold - VAT applicable.

The Sainsbury’s has a 10 year lease with a break option at the 5th year. The current lease expires in 2035 and the passing rent is £45,250 per annum. The lease will benefit from upward only, open market rent reviews.

The Barnardo's has a 15 year lease with a break option after the 5th and 10th year. The current lease is set to expire in 2038 and the passing rent is £45,000 per annum. Barnardo’s have currently been in situ for 15 years. This lease will benefit from upward only, open market rent reviews.

Sainsbury’s was founded in 1869 and is the 2nd largest foodstore operator in the UK, with 15.3% of grocery market share in 2025 (Kantar).

Sainsbury’s currently operates 1,418 grocery stores in the UK, with 810 being convenience stores and the remaining being supermarkets. As of 2025, Sainsburys occupied just over 23 million sqft of retail space across the United Kingdom.

At the end of March 2025, Sainsburys released their preliminary results which showed sales turnover of £26.6 billion.

The operator continues to explore technological advancements with £70 million of savings being recouped in the three year future front programme.

Barnardo’s was founded in 1866 and focuses on supporting children living in poverty. According to their most recent annual report, Barnardo's managed too assist 356,200 children between 2023-2024 with thanks to its 760 services and partnerships.

In 2025, Barnardo’s was gifted £18 million, the largest donation in the charity’s history from the Katherine Martin Charitable Trust. In the coming years, this money will fully fund the rest of the Barnardo’s Gap Homes Programme, meaning a further 50 new children homes will be created.

Barnardo’s retail sales topped £93 million in their latest annual report with ecommerce growing a substantial 42.9%.