Multi-Site Investment Opportunity, 63 Newcastle Avenue, Worksop, S80 1LX
- 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
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.
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.
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.
TenureFreehold.
Energy Performance Certificates
EPC 1Brochures
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
Notes
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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