Sold, 0 sqft  Office 

Central Avenue, Worksop

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Features

  • Auction Date: 17th – 18th December 2018
  • Guide Price: £95,000+
  • Single storey former Council office building
  • Freehold site – Total area approx. 364 sq. m / 3918 sq. ft
  • Town centre location
  • Potential rental income of £1,250 pcm (£15,000 per annum)
  • Potential gross yield of 15.7%
  • Excellent nearby transport links
  • Gas central heating and fire / security alarms
  • Secure parking to the rear

Address

11-15 Central AvenueWorksopNottinghamshireS80 1EJ
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Property Details

•For Sale by Online Auction: 17th – 28th December 2018
•Guide Price: £95,000+
•High profile former Council office building
•Current use class B1, with planning permission granted for a change of use to A1
•Freehold with vacant possession – potential rent of £15,000 per annum

This former Council office property comprises spacious commercial facilities consisting of multiple offices, reception rooms and staff toilets. The property currently is under use class B1, with planning permission granted for a change of use to A1, offering good potential for future commercial use.

Externally, there is an area for private parking, which is highly sought after in the town centre.

The subject property is located on Central Avenue in Worksop, which is the largest town in the Bassetlaw district of Nottinghamshire.

Worksop has become a popular commuter town as a result of its geographic location, amenities, numerous retail outlets and ease of access to major motorways and rail links.

Worksop lies on the A57 and A60 with links to the M1 and A1. Similarly, Worksop is on the Sheffield-Lincoln line, with direct transport services operating to Sheffield, Leeds and Lincoln.

Between Worksop train station and the town centre, the Chesterfield Canal is a popular location for longboats as they leisurely cruise along. The canal links Worksop with Retford, Gainsborough and Chesterfield via Rother Valley Country Park. The canal side is also a great place for a leisurely stroll.

Accommodation

Total useful floor area – Approx. 189 m2 / 2034 sq. ft
(Measurement taken from the EPC)
Public Entrance Lobby
Reception 22.68 sq. m / 244 sq. ft
Front Office One 4.79 sq. m / 51.5 sq. ft
Front Office Two 6.31 sq. m / 67.9 sq. ft
Office Three 5.00 sq. m / 53. 8 sq. ft
Office Four 5.04 sq. m / 54.3 sq. ft
Inner Hall and Office 10.92 sq. m / 117.5 sq. ft
Rear Store 3.04 sq. m / 32.7 sq. ft
Rear Office Five 6.83 sq. m / 68.7 sq. ft
Open Plan Office 30 sq. m / 322. 9 sq. ft
Kitchen 6.05 sq. m / 65.1 sq. ft
Staff Entrance Lobby 2.97 sq. m / 32 sq. ft
Rear Entrance Lobby 2.97 sq. m / 32 sq. ft
Office Six 4.95 sq. m / 53.2 sq. ft
Rear Office Seven 4.95 sq. m / 53.2 sq. ft
2 x WC
Store 4.12 sq. m / 44.3 sq. ft
(Figures provided by third party)

Services

We understand the property has mains gas, electricity, water and drainage. However, interested parties should carry out their own investigations.

Tenure

Freehold

Guide Price

£95,000+

Buyer’s Premium

2% (min. £3,600) inc. VAT.

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Investment Analysis:

We envisage that then property could generate a potential income of £1,250 pcm (£15,000 per annum), which represents a gross yield of 15.7%, based on the guide price.

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