5 - 13, Victoria Square, Worksop, Nottinghamshire, S80 1DX

Key Features

General Description

FOR SALE - HIGH YIELDING MIXED USE INVESTMENT OPPORTUNITY

SUMMARY
- Fully Let Mixed-use Block Generating £82,030 PAX
- Attractive 10.94% Gross Yield With Value-add Potential
- Four Commercial Units And Six Self-contained Residential Flats
- Undeveloped Outbuildings to the Rear

INVESTMENT SUMMARY
A rare opportunity to acquire a fully let, characterful Victorian mixed-use property, comprising four ground-floor commercial units and six self-contained residential flats, offering a strong income stream and future development potential.
- Freehold mixed-use investment extending to approximately 9,838 Sq Ft
- Four fully let ground floor commercial units
- Six self-contained residential flats with rear access
- Strong income stream with 100% occupancy
- 10.94% gross yield with scope for uplift
- Popular and well-connected Worksop location
- Close to town centre, train station & amenities
- Opportunity for long-term capital growth

DESCRIPTION
A traditional property comprising four well-presented ground floor retail units and six self contained flats which are separately accessed. A rare opportunity to acquire a well-located and fully let Victorian property in Worksop.

Extending to approximately 9,838 sq ft, the building comprises four ground-floor commercial units and six self-contained residential flats, each with separate rear access and the benefit of off-street parking.

The flats range from one to four bedrooms and feature open-plan fitted kitchens, spacious living areas, double bedrooms, and family bathrooms. Floor plans are available upon request.

The property generates a strong and reliable income with scope for further uplift through asset management and redevelopment of outbuilding for resi or commercial use stpp.

Conveniently situated close to the town centre, transport links, and local amenities, the location offers excellent long-term appeal.

LOCATION
The property is located on the busy Victoria Square, a historic parade comprising 11 period flats and several ground-floor commercial units.
Benefitting from a prime town-centre position, it enjoys excellent transport links and is surrounded by a wide range of amenities. Nearby high-street retailers include B&M, Iceland, Peacocks, and Malatan, along with a variety of cafés and pubs such as Lockside, King Edward VII, and Costa.

Worksop railway station is just 500 metres away, offering direct services to Sheffield, Lincoln, Leeds, and Nottingham-making the property highly accessible.

SAT NAV: S80 1DX
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TENANCIES & ACCOMMODATION

Flat 5A: 900 Sq Ft at £700 PCM
Flat 7A: 1,108 Sq Ft at £750 PCM
Flat 9A: 1,140 Sq Ft at £750 PCM
Flat 11A: 1,140 Sq Ft at £600 PCM
Flat 13A: 548 Sq Ft at £440 PCM
Flat 13B: 581 Sq Ft at £500 PCM
TOTAL: 5,521Sq Ft Rented at £44,880 PA

Unit 5: 848 Sq Ft at £833 PCM
Units 7-9: 1,222 Sq Ft at £959 PCM
Unit 11: 674 Sq Ft at £680 PCM
Unit 13: 1,566 Sq Ft at £675 PCM
TOTAL: 4,312 Sq Ft Rented at £33,400 PA

Additional Income
Billboard: £3,750 PA

TOTAL RENT: £82,030 PA

All residential flats are Let on AST's and the commercial tenancies are held on standard commercial terms.

Copies of leases and full tenancy schedule is available upon request.

GUIDE PRICE
Inviting offers of £710,000 (Seven hundred and Ten Thousand Pounds) reflecting a net initial yield of 10.94%

EPC
Commercial & Residential Units.

Rating: C-E

TENURE
Freehold.

AML
Purchasers will have to supply information to comply with Anti Money Laundering Regulations.

VAT
No VAT.

VIEWINGS
By appointment with Agents below:

Ben Flint
07494735001 01302 639838
ben@flintrealestate.co.uk

Alexandra De Freitas
07538844869 01302 639838
alexandra@flintrealestate.co.uk