Retail for sale

Former Bank For Sale in Worksop Town Centre with PP for development
Guide price - £395,000
83m2 Commercial + 280m2 Residential
Tenure - Freehold
Price - £395,000
Business Rates - Upon Enquiry
VAT - TBC
Planning - GF Commercial + 5 x 1 bed and 1 x 2 bed flats
Legal Fees - Each party to bear their own costs
EPC Rating - D (85)
23/25 Bridge St is a former HSBC bank set over two floors. The ground floor retail space is let on a 5 year lease from 2025 and operates as a vape shop - the current rent is £15k per annum increasing in year 3 to £18k.
The planning approved for the unit offers the conversion of part ground floor and the upper floors, providing 5 x 1 bedroom flats and 1 x 2 bedroom flat. plans available upon request.
Location - Worksop is located approximately 45km (28 miles) north of Nottingham and 32km (20 miles) south-east of Sheffield. The town benefits from good communication links, with the A57 providing connections to both the M1 Motorway and A1 dual carriageway. The property is situated in a prominent corner position opposite Barclays Bank. Occupiers close by include Boots, Greggs, Clintons and Holland & Barrett.
Accommodation - Ground floor retail space - circa 800 sq ft.
Planning permission and drawings allow for 3 x 1 bedroom flats on the ground floor, with 2 x 1 beds and 1 x 2 bedroom flats on the first floor.
Terms - Offered for sale freehold as a development project, with ground floor commercial investment in place.
Services - We are advised that all mains services are connected to the property. These services have not been inspected or tested by the agent.