Block of flats

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Block of flats

Victoria Square, Worksop S80
£685,000

Price History

Initial price £750,000
16/04/24 £745,000
25/04/24 £740,000
01/05/24 £735,000
08/05/24 £740,000
15/05/24 £735,000
22/05/24 £720,000
29/05/24 £715,000
07/06/24 £710,000
13/06/24 £705,000
21/06/24 £700,000
27/06/24 £695,000
07/07/24 £710,000
22/07/24 £705,000
26/07/24 £700,000
28/11/24 £685,000
Price Change -8.67%

Description

This property comprises of 4-5 shops, 6 self-contained flats, an advertising hoarding, and a car park, all currently let out and generating a combined annual rental income of £80,946. The commercial units on the ground floor are let to various tenants, including a lab, a mini mart, and a phone and smoke shop, producing a total income of £30,396 per annum. The six flats on the upper floors are fully let on assured shorthold tenancies, with rents ranging from £450 to £750 per month, generating a total residential income of £46,800 per annum. The advertising hoarding adds an additional £3,750 to the annual income. With a long-term tenant in place, this property offers a reliable and rewarding investment opportunity for anyone looking to add to their portfolio.