Block of flats for sale in Victoria Square, Worksop S80

Offers over £740,000
Interested in this property? Call +44 141 376 0473 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Block of flats for sale

Tenure:
Freehold
Council tax band:
Not available

Property features

  • 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)

Property description

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.

Property info

Floor Plan View original

Arrange Viewing

For more information about this property, please contact
Let Property, G12 on +44 141 376 0473 * (local rate)

Contact Let Property about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Let Property, and do not constitute property particulars. Please contact Let Property for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

Properties on the market nearby

3 more properties like this

View all Victoria Square properties for sale