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Bridge Street, Worskop, S80 1JQ

Key features

  • Prime Worksop high street location
  • Ground floor hairdressers
  • Commercial 7 years 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.

BRIDGE STREET & WORKSOP - PRIME MARKET TOWN LIVING
Welcome to Bridge Street, situated in the heart of Worksop - a thriving market town offering the perfect blend of traditional charm and modern convenience in North Nottinghamshire.
THE LOCATION
Bridge Street enjoys an enviable position within Worksop's town centre, placing you mere moments from an excellent array of amenities. This well-established thoroughfare benefits from strong pedestrian footfall and convenient access to the town's primary retail and leisure facilities.
SHOPPING & AMENITIES
Worksop boasts a comprehensive shopping experience to suit all requirements. The town centre features the Priory Centre, home to national retailers including Wilko, Home Bargains, and Poundland, alongside popular high street names. Bridge Street itself offers characterful independent retailers and traditional shopfronts, whilst nearby you'll find the main shopping precinct with Marks & Spencer, Boots, and Greggs amongst others.
For your weekly shop, major supermarkets including Morrisons, Asda, and Tesco are all within easy reach, whilst the historic Worksop Market continues its centuries-old tradition, operating twice weekly.
TRANSPORT CONNECTIONS
Worksop offers exceptional connectivity - a particular highlight for commuters and those seeking easy access to major centres:

Worksop Railway Station - Direct services to Sheffield (25 minutes), Lincoln, Nottingham, and crucially, London King's Cross (1 hour 50 minutes) via the East Coast Main Line
Road Links - A57 and A60 provide swift connections to Sheffield, Nottingham, and the M1 motorway (Junction 30/31)
Local Bus Services - Comprehensive routes connecting surrounding villages and neighbouring towns

THE AREA
Worksop, affectionately known as the "Gateway to the Dukeries," offers residents a wonderful quality of life with Sherwood Forest, Clumber Park, and numerous National Trust properties on the doorstep. The town provides excellent schools, leisure facilities including the Riverside Sports Centre, and a strong sense of community

Brochures

Brochure 1
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: TBC
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Bridge Street, Worskop, S80 1JQ

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About Lester & Bingley, Mansfield

Unit 2A, Sherwood Oaks Close, Sherwood Oaks Business Park, Mansfield, NG18 4TB
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Lester and Bingley offer extensive experience of sales and lettings across all property sectors. We pride ourselves in offering a professional, no-nonsense approach, achieving the best results for our Clients. Specialising in residential and commercial sales & lettings and development sales & acquisitions.

We are not here to just list your property, we take pride in our proactive approach to marketing so that your property receives maximum exposure and achieves best value. With every avenue explored, from search engines to social media along with a client base and network of contacts from all corners of the property world, we ensure your property is marketed to its fullest potential.

At Lester and Bingley we recognise how stressful buying and selling a property can be. With a clear understanding of our Client?s needs we regularly communicate progress through all avenues available. Having an in-depth knowledge of the property market both nationally and locally is paramount to providing professional advice and reacting to changing market conditions.. We pride ourselves in having experience not only locally but also throughout the UK.

Call now to arrange your free valuation on 0115 734 2000

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Disclaimer - Property reference 714591. 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, 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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