Prominent Victorian investment building for sale in Worksop

This property is marketed by:
Whozoo

Key Features

• 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

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 no VAT applicable.

Tenure: Freehold