Abbey Park, Priorswell Road, Worksop | Property for sale | Savills
Offers invited

Abbey ParkPriorswell Road, Worksop

  • New
  • Freehold

Key features

  • 30 self-contained units (26 terraced houses and 4 apartments)
  • Single gated site
  • Unbroken freehold block
  • New development which is fully let
  • Potential to hold as an income producing residential investment
  • Potential to sell the units individually
  • Passing rent of £318,180 pa
  • Gross Initial Yield of 6.5% based on the Passing Rent
  • This also reflects a discount to break up value

A Residential Investment Portfolio of 30 Units in an Unbroken Block on a single Gated Site (Available only as a Portfolio)

About this property

  • The Property comprises 30 self-contained units (comprising 26 terraced houses and 4 apartments) on a single gated site on one freehold title. It was developed by the Vendor for their own investment purposes in 2022. It is a high quality conversion of the former Ryton Park Primary School. It is fully occupied on individual ASTs. The site is gated with electric vehicular and pedestrian gates and a large new forecourt car park, including 30 numbered occupiers spaces plus spaces with EV charging points, visitors and disabled spaces. There is significant land to the side of c. 0.1 ha (0.25 acre) with development potential, subject to obtaining the necessary permissions and consents. The development has been undertaken to a high standard of build. This comprises a ‘back to brick’ approach with new electrics, plumbing, flooring, plastering, windows and roofing throughout. Each unit is individually metered. The specification is also high with perimeter electric gates, internal digital entry gates to the inner complex, Intercom access, modern kitchens and bathrooms, mechanical air ventilation, gas fired wet radiator system, smoke and heat detectors, recessed lighting and LVT to kitchens and bathrooms and carpeting to living areas and bedrooms.

Local information

  • Worksop
  • Worksop is a market town with a population of 44,733 (2021 census) in north Nottinghamshire. It is 24 miles north of Nottingham, 15 miles south-east of Sheffield and 15 miles south of Doncaster.
  • The local economy is predominantly service, distribution and manufacturing based with Premier Foods, Wilko, RDS Transport, Pandrol and Laing O’Rourke having a significant presence, together with substantial NHS employment at Bassetlaw District Hospital.
  • Location
  • The Property is located within the town centre providing excellent access to all the town’s facilities. More specifically, Abbey Park is situated opposite both Memorial Avenue Gardens and The Priory Church, affording splendid views in this aesthetically appealing part of the town
  • centre.
  • Walk - Pedestrian access is off Memorial Avenue whilst
  • vehicular is off Priorswell Road
  • Rail – Worksop Train Station 0.75miles (17mins walk) (Google
  • Maps)
  • Road – Worksop is located on the A57 and A60 between the
  • M1 Motorway and A1.

Additional information

  • Tenure
  • The unbroken freehold title NT420842 is to be sold. A copy of the Land Registry title plan and title register is available upon request.
  • Occupation
  • The Property is fully let. Each unit is individually let on a AST basis. The Passing Rent is £318,180 per annum. The rents range from £675pcm to £1,100pcm.A full schedule of accommodation and rents is available upon request.
  • Please see brochure for further information.

Energy performance

All the units have an EPC of C, with the exception of 52 Abbey Park, which has an EPC of B. Each EPC has an expiry date of 20 September 2032.