Summary -
24a, Gateford Road,WORKSOP,S80 1EB
S80 1EB
2 bed 2 bath Commercial Property
Multi-let freehold with immediate rental income and re-letting potential close to town centre.
- Freehold mixed-use building with retail and upper‑floor flats
A prominently sited mixed-use freehold on Gateford Road, offered as a multi-let investment with immediate rental income. Ground-floor retail units and upper-floor flats are currently let on a mix of formal leases and assured shorthold tenancies, producing strong headline yields relative to the guide price. The property benefits from excellent town-centre access, a public car park about 100 yards away and good pedestrian visibility on a main arterial route.
Income is currently stable: multiple shop units and two flats produce a gross annual rent of £30,180. Tenancies have staggered remaining terms, providing a ready rental stream and re-letting opportunities in the medium term. The building footprint and continuous retail frontage suit long-term multi-let holding or portfolio consolidation for an investor seeking hands-on asset management.
Buyers should note material area and tenant-market factors: this location sits in a very deprived ward with very high recorded crime and a local classification of constrained renters and a transitional Eastern European neighbourhood. These factors influence tenant profiles, rent levels and demand for higher-end uses. There is no private garden and the building appears consistent with established town-centre stock rather than recently refurbished units.
Viewings are arranged with proof of funding to protect tenant privacy. The property suits investors who can manage turnover, maintenance and local-market letting profiles, or those prepared to invest in refurbishment to broaden tenant appeal.
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