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Bridge Street, Worskop, S80 1JQ

£490,000

Business rates & charges may apply

Lester & Bingley Ltd, Mansfield
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SECTOR

Mixed use property for sale

Key features

  • Prime Worksop high street location
  • Ground floor hairdressers
  • Ground floor 7 year lease in place
  • Four fully let modern apartments
  • Two private parking spaces with EV
  • Annual income- £48,900
  • 9.97% Yield
  • Offers in the region of £490,000

Description

An excellent mixed-use investment opportunity located on the bustling high street in the heart of Worksop town centre. This attractive property combines a well-established commercial tenant with high-quality residential accommodation above.

The ground floor retail unit is currently occupied by a well-established barber shop trading under a 10-year lease, with 7 years remaining and an annual rental income of £18,000. The tenant has an excellent payment record, having never missed a rental payment throughout their tenancy. The tenant is long-standing and contributes to the vibrant high street atmosphere.

Above the retail space, the property comprises four beautifully presented apartments, consisting of two two-bedroom and two one-bedroom units. Each apartment has been tastefully designed and well maintained, offering a strong and consistent residential income stream. These apartments have never experienced a void period, reflecting their consistent appeal to both individuals and families alike. The generous amount of space and storage provided with each property, ideal for bikes, pushchairs, and everyday essentials, further enhances their practicality and long-term desirability.

To the rear of the property are two private parking spaces, both fitted with electric vehicle charging points. The residential tenants pay £40 per month per space, adding further income to the investment.

In total, the property generates a combined annual income of £48,900, offering an attractive 9.97% yield against the asking price of £490,000.

This is an ideal opportunity for investors seeking a fully let, income-producing freehold in a strong town centre location with excellent long-term potential.

Brochures

Bridge Street, Worskop, S80 1JQ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Worksop Station0.5 miles
  • Shireoaks Station2.3 miles
  • Whitwell Station3.6 miles

About Lester & Bingley Ltd, Mansfield

Unit 2a Sherwood Oaks Close, Mansfield, NG18 4TB

Notes

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Disclaimer - Property reference 714157. 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 Lester & Bingley Ltd, Mansfield. 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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