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.
Specifications
Lease length
5 years
Total annual occupancy cost
Estimate only — confirm exact figures with the agent.
Rent
£395,000
Total per year
£395,000
≈ £32,917 / month≈ £493.75 / sq ft / year
Agent hasn’t listed rates or service charge — ask them below.