1 Bridge Street, 1 Bridge Street, Worksop | Property for sale | Savills
Guide price £130,000

1 Bridge Street1 Bridge Street, Worksop

  • New
  • Sole agency
  • Freehold
Investment
Yield 14%Yield

Key features

  • High Yielding Retail Investment
  • Let to JD Sports Fashion Plc
  • Producing £17,500 per annum
  • Lease Expires 12/07/2026
  • Tenant in Occupation for 10+ Years
  • 1,364 sq ft (126.72 sq m)
  • Asset Management Potential
  • Guide Price Reflects 13.46% Gross Yield

High Yielding Retail Investment Let to JD Sports Let on a 3 Year Lease Expiring 12/07/2026 Producing £17,500 per annum - Tenant in Occupation for 10+ Years

About this property

  • The property comprises a high yielding investment opportunity let to the undoubted covenant of JD Sports. Arranged across ground and first floors, the property is let in its entirety to JD Sports Fashion Plc on a three year lease expiring 12th July 2026 and paying £17,500 per annum. This is a renewal of a previous lease and the tenant is a longstanding fixture on the pedestrianised street, having been in occupation for over 10 years. 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

Additional information

  • The property is let in its entirety to JD Sports Fashion Plc on a three year lease expiring 12th July 2026 and paying a rent of £17,500 per annum. The lease is on full repairing and insuring terms and includes a tenants break option in 2025.
  • The Freehold benefits from right to use the passageway to the rear for deliveries, refuse disposal and fire escape. The rights are granted by way of a 999 year lease at a rent of £1,656 per annum. This rent is fully recovered from the tenant in addition to the rents. Please see the legal pack for more information.
  • JD Sports Fashion Plc
  • D&B Rating: 5A1
  • Turnover (2023): £10.12bn
  • Pre-Tax Profit: £440.9m
  • Total Assets: £8.02bn