Property photos
Freehold
Offers over
£695,000
Block of flats for sale
Victoria Square, Worksop S80Key Information
Local area information
Property location
Nearby amenities
- Worksop 0.3 miles
- Redlands Primary and Nursery School 0.4 miles
- St Anne's CofE (Aided) Primary School 0.5 miles
- Shireoaks 2.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Commercial Unit with 6 Self Contained Flats Included
- 4-5 Shops
- Buy-to-Let Opportunity
- Likely to attract enquiries from Serious Investors & Developers
- Long Term Tenants Currently Situated
- Advertising Hoarding
- Freehold Investment
- Prime Rental Location Within Worksop
- Investment potential detailed below (Let Property Pack)
Our latest listing comprises of 4-5 shops, 6 flats, advertising hoarding and car park. It is currently let out and generates a fantastic rental income. Considering the quality of the location and returns, this would be a reliable and rewarding addition to an investors portfolio.
To the ground floor are 3x single retails shop and 1x double shop unit -
5 - Moo Lab Let at £833 pcm
7-9 - Let at £400 pcm
11 - Best Mini Mart Let at £650 pcm
13 - Fone and Smoke Let at £650 pcm
Total Commercial Income is £30,396 per annum.
To the upper floors are 6x large self contained flats with access to the rear. All fully let on assured shorthold tenancies -
Flat 5A - Let at £700 pcm - 3 bedroom flat
Flat 7A - Let at £750 pcm - 3 bedroom flat
Flat 9A - Let at £750 pcm - 4 bedroom flat
Flat 11A- Let at £750 pcm - 3 bedroom flat
Flat 13A - Let at £450 pcm - 1 bed flat
Flat 13B - Let at £500 pcm - 1 bed flat
Total Residential Income is £46,800 per annum.
Advertising Hoarding - situated on the left hand gable wall. Let at £3750 per annum.
To the side is a shared car park area.
Total Income of £80,946 Per annum
Investment Details
The property currently produces an annual gross income of £80,946 with the space currently let out. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.
For greater detail on this property's investment potential, please see the Let Property Pack linked below.
Tenancy Details
The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.
Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.
To the ground floor are 3x single retails shop and 1x double shop unit -
5 - Moo Lab Let at £833 pcm
7-9 - Let at £400 pcm
11 - Best Mini Mart Let at £650 pcm
13 - Fone and Smoke Let at £650 pcm
Total Commercial Income is £30,396 per annum.
To the upper floors are 6x large self contained flats with access to the rear. All fully let on assured shorthold tenancies -
Flat 5A - Let at £700 pcm - 3 bedroom flat
Flat 7A - Let at £750 pcm - 3 bedroom flat
Flat 9A - Let at £750 pcm - 4 bedroom flat
Flat 11A- Let at £750 pcm - 3 bedroom flat
Flat 13A - Let at £450 pcm - 1 bed flat
Flat 13B - Let at £500 pcm - 1 bed flat
Total Residential Income is £46,800 per annum.
Advertising Hoarding - situated on the left hand gable wall. Let at £3750 per annum.
To the side is a shared car park area.
Total Income of £80,946 Per annum
Investment Details
The property currently produces an annual gross income of £80,946 with the space currently let out. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.
For greater detail on this property's investment potential, please see the Let Property Pack linked below.
Tenancy Details
The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.
Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.
Floor plans and tours
Floor plans (14)
Tours
No virtual tour available
More information
Listed by
Let Property
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Property descriptions and related information displayed on this page are marketing materials provided by - Let Property. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Let Property for full details and further information.