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

£1,300,000

Business rates & charges may apply

Christie & Co, Retail
SIZE

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SECTOR

Retail property shopping centre for sale

Key features

  • Two tenants in situ
  • Recently signed 10 and 15 year leases
  • Rental income of £90,000pa
  • Tenants have been in situ for 15 years
  • Includes the car park
  • EPC rating A
  • Christie & Co Ref: 5417024

Description

Description

The site consists of a large car park that the tenants maintain with a service charge.

The 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.

Location

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 Opportunity

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.

Tenure

Freehold.

Energy Performance Certificates

EPC 1

Brochures

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

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Worksop Station0.6 miles
  • Shireoaks Station2.2 miles
  • Whitwell Station3.4 miles

About Christie & Co, Retail

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 5417024-fh. 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 Christie & Co, Retail. 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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