Freehold Office Investment and Vacant First Floor
Freehold Office Investment and Vacant First Floor
The property is situated in the town centre, at the junction of Newcastle Avenue and Hardy Street. Hardy Street is 30 metres to the east of Bridge Street, the main retailing thoroughfare in Worksop. Occupiers close by include Barclays, HSBC, Boots, Sainsbury’s, Kwik Fit and Greggs amongst other retailers.
Freehold.
The property is situated in the town centre, at the junction of Newcastle Avenue and Hardy Street. Hardy Street is 30 metres to the east of Bridge Street, the main retailing thoroughfare in Worksop. Occupiers close by include Barclays, HSBC, Boots, Sainsbury’s, Kwik Fit and Greggs amongst other retailers.
Freehold.
The property is arranged over ground and two upper floors to provide a three storey office. The property benefits from a lift and on-site car parking for 18 cars. The first floor benefits from a separate self-contained entrance from Hardy Street.
VAT is applicable to this lot.
The property may benefit from conversion to residential use, subject to the current occupation and the necessary consents/permissions. Interested parties are referred to Bassetlaw District Council - www.bassetlaw.gov.uk
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property is arranged over ground and two upper floors to provide a three storey office. The property benefits from a lift and on-site car parking for 18 cars. The first floor benefits from a separate self-contained entrance from Hardy Street.
VAT is applicable to this lot.
The property may benefit from conversion to residential use, subject to the current occupation and the necessary consents/permissions. Interested parties are referred to Bassetlaw District Council - www.bassetlaw.gov.uk
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|
| Ground | Office | 518.80 sq m |
(5,581 sq ft) |
CHANGE, GROW, LIVE (1) |
8 years from 27th August 2014 on a full repairing and insuring lease subject to a schedule of condition (2) |
£45,000 | 2018/(2022) (2) |
| First | Office | 505.50 sq m |
(5,441 sq ft) |
VACANT | |||
| Second | Office | 530.50 sq m |
(5,711 sq ft) |
THE DERBYSHIRE, LEICESTERSHIRE, NOTTINGHAMSHIRE AND RUTLAND COMMUNITY REHABILITATION COMPANY LIMITED (3) |
Term of years from 8th July 2016 expiring on 1st April 2025 on a full repairing and insuring lease, subject to a capped service charge (4) |
£40,000 | 2019, 2022 (2025) (4) |
| Totals |
1,554.50 sq m |
(16,733 sq ft) |
£85,000 | ||||
(1) For the year ended 31st March 2017 Change, Grow, Live reported no turnover, a pre-tax profit of £3.2m and a net worth of £23.8m (Source: Experian 7th October 2017). Change, Grow, Live is a charity that provides help and support to adults, children, young people and families (Source: www.changegrowlive.org).
(2) Tenants option to break 27th August 2018, upon not less than 6 months’ notice. Furthermore, the tenant can break the lease at anytime upon not less than 6 months’ notice, if its funding is withdrawn.
(3) “…is part of the Criminal Justice System, working with the police, courts, local authorities, prisons and the national probation service…employs almost 870 staff…” (Source: www.dlnrcrc.co.uk)
(4) Tenants option to break 1st April 2019 and 1st April 2022, upon not less than 6 months’ notice.
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