Worksop, S80 | Investment Property for Sale | VES-S80-002

Opportunity to acquire an apartment block with freehold plus 2 commercial units in Worksop

£1,560,000

HMO Block

VES-S80-002

INITIAL INVESTMENT

£525,250

Based on

deposit: £390,000

stamp duty: £132,750

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£64,064

GROSS YIELD

4.1%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

0 bedrooms

0 bathrooms

0

7,716

Partially Furnished

Please note that this is an off-market opportunity that is available to qualified buyers only.

Please get in touch and quote the reference number above to speak to a member of our sales team who can advise on the information that will be required from you in order for us to be able to share more detailed and confidential information related to the opportunity.

Opportunity to acquire a freehold apartment block with two commercial units on the ground floor in Worksop.

The block comprises 7 x HMO apartments spread over the first and second floor which are made up of 2 x 2-beds, 3 x 3-beds and 1 x 4-bed. One of the commercial units is an office and the other a shop.

The block has 3 floors and the total floor space is approximately 7,716 sqft. Each apartment comes fully furnished and has a shared bathroom as well as an open-plan kitchen/dining room.

The annual rental income for the apartments and the office unit is £64,064. The rent for the shop unit has not yet been provided. We will update the listing once this information has been received.

The vendor is seeking offers in excess of £1,560,000 (inclusive of freehold).

Please contact our sales team for further details.

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Worksop, Nottinghamshire

Worksop is a market town in Nottinghamshire in the East Midlands. It lies around 19 miles east of Sheffield, 19 miles south of Doncaster and 28 miles west of Lincoln.

The A57 runs past Worksop connecting it to the A1 and the A60. The M1 can be reached via the A619.

Worksop railway station is on the Sheffield to Lincoln line as well as the Robin Hood line. Regular train services run to Lincoln, Gainsborough Central, Sheffield, Leeds and Nottingham.

The closest airport is Doncaster Sheffield Airport which is around 15 miles from Worksop and offers regular flights to European destinations. Some of the local attractions include Mr Staw’s House, Clumber Park, Thoresby Park, Harley Gallery, Creswell Crags, Hodsock Priory and the Welbeck Estate. The Chesterfield Canal also offers a great opportunity for leisurely strolls whilst watching the longboats cruise along.

In the centre of town one can find the usual high street brands amongst a number of independent stores.

Education in Worksop is provided by 18 primary schools, 3 secondary schools and North Nottinghamshire College and the Outwood Post-16 centre.

The local economy is mainly made up of service industries, manufacturing, and distribution. Some of the biggest employers in the area include Premier Foods, Greencore, Wilko, RDS Transport, B&Q, MAKE polymers, OCG Cacao, Pandrol, GCHQ and the NHS.

Point of reference - not exact location,

Worksop,

Nottinghamshire,

England,

S80 1EY

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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