Property photos
Just added
Freehold
£710,000
(£72.17/sq. ft)
Retail premises for sale
5–13 Victoria Square, Gateford Road, Worksop, Nottinghamshire S809,838 sq. ft
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.
Read our area guide for Worksop to find out more about the local area.
Features and description
- Freehold
- Fully let mixed-use block generating £82,030 p.a.
- Attractive 10.94% gross yield with value-add potential
- Four commercial units and six self-contained residential flats
- Rear outbuildings offer redevelopment opportunity (STP)
- Freehold Victorian corner property in prominent Worksop location
Investment Highlights:- Fully let mixed-use block comprising 4 commercial units and 6 residential flats
- Current gross income: £82,030 per annum
- Attractive gross yield of 10.94%, with potential uplift through asset management
- Rear outbuildings offer residential development opportunity, subject to planning
- Freehold interest; partially elected for VAT
Property Overview
- A prominent and characterful Victorian building arranged over ground and two upper floors, situated on a busy corner position fronting Gateford Road, Worksop.
- Four ground floor commercial units
- Six residential flats (all self-contained) with separate rear access
- Outbuildings to rear suitable for redevelopment (STP)
This attractive freehold investment opportunity comprises a fully let mixed-use Victorian block, prominently positioned on a busy corner fronting Gateford Road in the heart of Worksop. Arranged over ground and two upper floors, the property features four well-established ground floor commercial units and six self-contained residential flats, each accessed via a separate rear entrance.
The asset currently generates a strong gross income of £82,030 per annum, reflecting an appealing gross yield of 10.94%, with further potential for uplift through active asset management. To the rear of the site are a series of outbuildings offering excellent scope for residential redevelopment, subject to obtaining the necessary planning consents.
This characterful building benefits from a mix of stable tenancies, a prominent roadside presence, and future development potential, making it a compelling proposition for investors seeking both immediate income and long-term value growth. The property is held freehold, with part election for VAT.
- Current gross income: £82,030 per annum
- Attractive gross yield of 10.94%, with potential uplift through asset management
- Rear outbuildings offer residential development opportunity, subject to planning
- Freehold interest; partially elected for VAT
Property Overview
- A prominent and characterful Victorian building arranged over ground and two upper floors, situated on a busy corner position fronting Gateford Road, Worksop.
- Four ground floor commercial units
- Six residential flats (all self-contained) with separate rear access
- Outbuildings to rear suitable for redevelopment (STP)
This attractive freehold investment opportunity comprises a fully let mixed-use Victorian block, prominently positioned on a busy corner fronting Gateford Road in the heart of Worksop. Arranged over ground and two upper floors, the property features four well-established ground floor commercial units and six self-contained residential flats, each accessed via a separate rear entrance.
The asset currently generates a strong gross income of £82,030 per annum, reflecting an appealing gross yield of 10.94%, with further potential for uplift through active asset management. To the rear of the site are a series of outbuildings offering excellent scope for residential redevelopment, subject to obtaining the necessary planning consents.
This characterful building benefits from a mix of stable tenancies, a prominent roadside presence, and future development potential, making it a compelling proposition for investors seeking both immediate income and long-term value growth. The property is held freehold, with part election for VAT.
More information
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