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7 Newcastle Av
Worksop S80 1LY
Land For Sale
·
0.72 AC
Investment Highlights
- New lease to Excel Parking Services Limited (Co Reg No 02878122) for a term of 10 years and 6 months from 8 th December 2022
- Offers invited at £1,200,000 to show an initial yield of 6.25% net of costs
- Rent is reviewed annually to RPI with a cap and collar of 1% and 3%. First review 18 months after commencement of lease and annually thereafter
Property Facts
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 0.72 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.72 AC |
Description
This car park is situated on the southern side of Newcastle Avenue, close to its junction with Bridge Place and Bridge Street, the two prime retailing areas of the town centre. The car park is located directly opposite the Stagecoach Bus Station/Depot and a large office building which has been converted into Serviced Offices.
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