68 Bridge Street, Worksop - £425,000

5 Bedroom
£425,000

* 5 Bedroom
Property On Market With...
Mellor & Beer of Worksop
Telephone: 01909479977

Features

  • High Street Property Investment Opportunity
  • Ground Floor Let to a Café – Long Established
  • Five First and Second Floor Flats
  • Producing a Rental Income of £33,000 per annum

DETAILS

Offered for sale on a freehold is this mixed use commercial/residential property occupying a central position on the main pedestrianised Bridge Street shopping area. The ground floor premises is currently let to a café on lease term of 12 years from 2014 on a full repairing. The first and second floor accommodation has been converted to residential accommodation comprising 5 one bedroom flats all of which were first occupied in 2018.



 



Tenancy Details



 



The Café (Ground Floor Premises)



 



Lease commenced 29/12/2014 on a twelve year term with designated rent increases. Present rent £13,000 with increases to £16,000 due august 2021. Note due to the Covid 19 pandemic, as a gesture of goodwill the landlord ha offered the tenant a reduced rent as £10,800 per annum for 12 months.



 



Flat One



 



Presently let on an assured shorthold tenancy which commenced December 2019 at £375pcm.



 



Flat Two



 



Presently let on an assured shorthold tenancy which commenced December 2019 at £375pcm.



 



Flat Three



 



Presently let on an assured shorthold tenancy which commenced September 2019 at £350pcm.



 



Flat Four



 



Presently let on an assured shorthold tenancy which commenced July 2020 at £425pcm.



 



Flat Five



 



Presently let on an assured shorthold tenancy which commenced September 2019 at £350pcm



 



Viewing



 



Strictly by arrangement/appointment with the sole agents;



 



Mellor & Beer Estate Agents,



51 Bridge Street,



Worksop,



Nottinghamshire,



 



01909 479977



 



Interested parties will be asked to provide proof of funding/ability to purchase in advance of any viewing.




Contact us about this property

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