Summary -
24a, Gateford Road,WORKSOP,S80 1EB
S80 1EB
2 bed 2 bath Commercial Property
High-yield town-centre block with immediate income and short-term re-letting upside.
Freehold mixed-use building with ground-floor retail and upper flats
This prominent mixed-use building on Gateford Road presents a straightforward income-led purchase for an investor seeking immediate rental return. Ground-floor retail units deliver street-facing visibility on a main arterial road close to Victoria Square, with upper-floor flats already let on assured shorthold tenancies and formal leases. The portfolio is offered freehold with an indicated potential annual rent of circa £30,000.
Practical location benefits include a public car park within 100 yards, short walking distance to Worksop town centre and excellent mobile and fast broadband connectivity — useful for both retail operators and residents. Several units are occupied (barbers, hair/aesthetics, flats) while one ground-floor unit is currently vacant and being marketed, providing short-term re-letting upside.
Buyers should factor in local socio-economic challenges: the area is classified as very deprived with very high crime levels and a transitional Eastern European neighbourhood profile. These factors can affect tenant turnover, management needs and insurance costs. There is no private garden; the building appears as established town-centre stock and may need routine upkeep typical of mid‑20th century commercial/residential stock.
Viewings are controlled to protect current tenants; proof of funding will be required before appointments are confirmed. This suits purchasers prepared to transact with minimal disruption and who can manage urban multi‑let assets actively to realise rental and yield potential.
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