Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding investment opportunity let to the established High Street covenant of H&T Pawnbrokers. Arranged across ground and first floors, the property is let to Harvey and Thompson Limited on a lease expiring 25/05/2025 and paying £17,500 per annum. We understand that the tenant has provided informal confirmation of their willingness to renew the lease. However no formal proceedings have commenced.
The upper parts are currently not in use and benefit from their own separate access at ground floor level. There may be potential for conversion of the upper parts to alternative uses, including residential (subject to obtaining the requisite consents).
Bridge Street forms the principal retailing area in Worksop, running from the Priory Shopping Centre in the north to the Market Square in the south. The property occupies a prime pitch on the street with nearby occupiers including Superdrug, Halifax, Greggs and Iceland
Tenure
Freehold
Tenancy
The property is let to Harvey and Thompson Limited on a lease expiring 25/05/2025 and paying £17,500 per annum.
We understand that the tenant has provided informal confirmation of their willingness to renew the lease. However no formal proceedings have commenced.
Harvey & Thompson Limited
The tenant is part of H&T Group Plc; one of the UKs largest pawnbrokers with over 270 stores nationwide.
Planning
Whilst there are no extant planning consents, we consider the vacant upper parts may offer potential for conversion to alternative uses, including residential, subject to the existing lease and obtaining the requisite consents.
Rent