Summary - Bridge Street, Worskop, S80 1JQ S80 1JQ
1 bed 1 bath Mixed Use
Fully let retail and flats with EV charging, strong immediate cashflow potential.
Ground-floor hairdresser tenant with seven years remaining on lease
Four fully let flats: two 2-bed and two 1-bed, consistently occupied
Total annual income £48,900; 9.97% yield at £490,000 guide price
Freehold sale with two private off-street parking spaces and EV charging
Commercial lease length (7 years) may prevent mortgage lending
Located in a deprived area with very high local crime rates
Convenient town-centre location with excellent mobile signal and amenities
Residential parking generates additional tenant income (£40pcm per space)
Positioned on Worksop’s busy Bridge Street, this freehold offers a ready-made income stream for buy-to-let or portfolio purchasers. The property combines a long-established ground-floor commercial tenant with four well-presented, consistently let residential flats, producing a headline annual income of £48,900 and a 9.97% yield at the guide price of £490,000.
The retail unit is occupied by a reliable hairdresser with seven years remaining on their lease and a flawless payment record. Above are two two-bedroom and two one-bedroom apartments that have historically shown minimal void periods; two dedicated off-street parking spaces include EV charging points and contribute additional income from tenant parking fees.
Important investor considerations are clear and factual: the commercial lease has only seven years left, which many mortgage lenders view as short and could make lending difficult or impossible. The property is also in an area with very high recorded crime rates and general deprivation, factors that may affect tenant demand, insurance costs and financing.
This is a straightforward, fully let freehold for a buyer who can accept lease-length and local-area risk in exchange for immediate cashflow. Strong mobile connectivity and town-centre amenities support ongoing rental demand, but prospective purchasers should commission lender checks and a focused due diligence review on lease terms and insurance implications before offering.
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