Summary - 63, NEWCASTLE AVENUE S80 1LX
1 bed 1 bath Convenience Store
**Standout Features:**
- Multi-let commercial property: Leased to Sainsbury’s and Barnardo’s
- Gross rental income: £90,250 p.a.
- Lengthy WAULT of 11.48 years to expiry
- Energy rating: A
- Car parking for approximately 25 vehicles
- Freehold tenure
**Concerns:**
- Lease has only 11 years left, which could limit financing options
- High crime rate in the surrounding area
Discover an exciting commercial investment opportunity in Worksop with this sizable multi-let property, offering 7,000 sq. ft. of space strategically situated among residential and retail hotspots. Enjoy a reliable gross rental income of £90,250 annually, thanks to long-standing tenants; be part of Sainsbury's expanding network and the reputable Barnardo's charity. With an impressive WAULT of 11.48 years before expiry and an energy-efficient A rating, this property is primed for sustainability and stability.
The building, constructed in 2008, features a modern red brick exterior and includes off-street parking for 25 vehicles, further enhancing its appeal for customers and tenants alike. However, prospective buyers should note that the remaining lease term and the high local crime rate might pose challenges, particularly regarding financing. This property represents a unique opportunity for investors looking to secure a well-placed, income-generating asset with potential for appreciation and development in a vibrant town with excellent transport links. Act quickly—opportunities like this in Worksop are rare and may not be available for long!
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