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Block of flats
Victoria Square, Worksop S80
£685,000
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.