Mixed use investment opportunity Town Centre Position Opposite the new Savoy Cinema Grade II Listed
Approximate distances: • • • • •
Retford Sheffield Doncaster Nottingham Lincoln
9 miles 20 miles 22 miles 28 miles 29 miles
• • • •
Passing rent circa £18,180 pa ERV £22,380 pa NIY based on ERV 12.43% Possible development options
Viewings and further information: Kevin Benson kevin.benson@ fishergerman.co.uk 01777 719148 07748 634848
Rob Haigh Robert.haigh@ fishergerman.co.uk 01777 719148 07880 737676
126, 126a & 128 Bridge Street, Worksop
FOR SALE
Description The property comprises a Georgian Grade II Listed building arranged over cellar, ground, first and second floors. The property is traditionally constructed in brick with a front parapet wall underneath a traditional pitch blue slate roof. The property is currently laid out to provide two retail units, the first retail unit trading as the Bed Centre which has been in occupation for a significant number of years, a tattooist who occupies a small lock up type unit with a separately accessed three bedroom flat to the first and second floors. To the third floor there are two rooms with restricted eve access.
Accommodation
Location
126 Bridge Street 16.1m2 (173 ft2) Small ground floor kiosk style unit with 2 steps to gain access. Building currently occupied by R Ludlam trading as a tattoo artist.
The property sits in a prominent position overlooking the savoy cinema, a small public open space and the Local Authority Offices. The location was significantly enhanced by the creation of the Savoy Cinema and a further advantage to the location is the large number of public car parks that sit within close proximity. This part of Bridge Street can be considered secondary/tertiary from a retail prospective but nevertheless seems to have proved popular with sole trader and single occupier type tenants.
126a Bridge Street 112.95m2 (1,216 ft2) Three bedroom residential flat over two floors.
Business rates & Council Tax
Planning
We are advised that each element of the property has the following rateable value/ council tax band;
We understand the property is Grade II listed and sits within a conservation area.
126 Bridge Street : £2,750 per annum 126a Bridge Street: Tax band A 128 Bridge Street: £9,800 per annum
Services
For further information on the above please contact Bassetlaw District Council on 01909 533533.
Tenure & Tenancies
128 Bridge Street 118.59m2 (1,276 ft2) Accommodation offered over two floors. Cellars account for 41.06m2 (442 ft2) over the overall size.
We understand that mains water, drainage and electricity are connected to the property however we must stress that none of these services have been checked or tested by the selling agents.
EPC
We are advised that the tenure is freehold.
The EPC rating for each element of the property is as follows;
126 Bridge Street: Holding over on Law Society lease, trading at a tattoo artist paying £390 pcm. 126a Bridge Street: Currently vacant with a previous rent payable of £350pcm. 128 Bridge Street: Occupied on tenancy at will at passing rent of £13,500 per annum.
VAT
126 Bridge Street: TBC. 126a Bridge Street: F (24). 128 Bridge Street: D (88).
The way forward To arrange a viewing or to obtain any further information please contact either of the Surveyors as detailed on the front of these particulars, who will be more than happy to help.
All prices quoted are exclusive of but may be subject to VAT.
Please note: Fisher German LLP and any Joint Agents give notice that: The particulars are produced in good faith are set out as a general guide only and do not constitute or form any part of an offer or any contract. No person within Fisher German has any authority to make or give representation or warranty on any property. Particulars prepared June 2016. Photographs taken September 2015