£395,000
Retail premises for sale23 Bridge Street Worksop S80
Freehold
About this property
Freehold development project
Planning Consent for 5 x 1 bed and 1 x 2 bedroom flats
Ground floor let on a 5-year lease @ £15k per annum
Prominent town centre location
Available immediately
Former Bank For Sale in Worksop Town Centre with pp for development
Guide price - £395,000
83m2 Commercial + 280m2 Residential
Tenure - Freehold
Price - £395,000
Business Rates - Upon Enquiry
VAT - tbc
Planning - gf Commercial + 5 x 1 bed and 1 x 2 bed flats
Legal Fees - Each party to bear their own costs
EPC Rating - D (85)
23/25 Bridge St is a former HSBC bank set over two floors. The ground floor retail space is let on a 5 year lease from 2025 and operates as a vape shop - the current rent is £15k per annum increasing in year 3 to £18k.
The planning approved for the unit offers the conversion of part ground floor and the upper floors, providing 5 x 1 bedroom flats and 1 x 2 bedroom flat. Plans available upon request.
Location
Worksop is located approximately 45km (28 miles) north of Nottingham and 32km (20 miles) south-east of Sheffield. The town benefits from good communication links, with the A57 providing connections to both the M1 Motorway and A1 dual carriageway. The property is situated in a prominent corner position opposite Barclays Bank. Occupiers close by include Boots, Greggs, Clintons and Holland & Barrett.
Accommodation
Ground floor retail space - circa 800 sq ft.
Planning permission and drawings allow for 3 x 1 bedroom flats on the ground floor, with 2 x 1 beds and 1 x 2 bedroom flats on the first floor.
Terms
Offered for sale freehold as a development project, with ground floor commercial investment in place.
Services
We are advised that all mains services are connected to the property. These services have not been inspected or tested by the agent.
Guide price - £395,000
83m2 Commercial + 280m2 Residential
Tenure - Freehold
Price - £395,000
Business Rates - Upon Enquiry
VAT - tbc
Planning - gf Commercial + 5 x 1 bed and 1 x 2 bed flats
Legal Fees - Each party to bear their own costs
EPC Rating - D (85)
23/25 Bridge St is a former HSBC bank set over two floors. The ground floor retail space is let on a 5 year lease from 2025 and operates as a vape shop - the current rent is £15k per annum increasing in year 3 to £18k.
The planning approved for the unit offers the conversion of part ground floor and the upper floors, providing 5 x 1 bedroom flats and 1 x 2 bedroom flat. Plans available upon request.
Location
Worksop is located approximately 45km (28 miles) north of Nottingham and 32km (20 miles) south-east of Sheffield. The town benefits from good communication links, with the A57 providing connections to both the M1 Motorway and A1 dual carriageway. The property is situated in a prominent corner position opposite Barclays Bank. Occupiers close by include Boots, Greggs, Clintons and Holland & Barrett.
Accommodation
Ground floor retail space - circa 800 sq ft.
Planning permission and drawings allow for 3 x 1 bedroom flats on the ground floor, with 2 x 1 beds and 1 x 2 bedroom flats on the first floor.
Terms
Offered for sale freehold as a development project, with ground floor commercial investment in place.
Services
We are advised that all mains services are connected to the property. These services have not been inspected or tested by the agent.
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Monthly repayment
£1,975 per month
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