1-3 Barnby Gate, Newark, Nottinghamshire, NG24 1QD
Post
Post
Post
Post
Post
Post
Post
Post
Post
Post
Post
Post
Post
Post
Post
Post
£150,000+
Commercial
Key Features
- Long leasehold investment property comprising 3 modern retail units fronting Barnby Gate
- Fully let and producing £29,120 PA (Inc VAT).
- Town centre location to south of Market Place with ample on street parking close by
Part of the
19 June 2025
auction
Trent Bridge Cricket Ground
at
2.30PM
An opportunity to acquire a long leasehold investment property comprising 3 modern retail units fronting Barnby Gate, in the heart of Newark Town Centre. Fully let and producing £24,267.45 PA
- A ground-floor retail investment property comprising 3 shops
- On-street parking to frontage in town centre location
- Fully let and producing £24,467.50 PA
- Unit 1 (Newsagent) lease expiring 2031 (£9,000+VAT PA)
- Unit 2 (Gold Sun) lease expiring 2030 (£8,067.48+VAT PA)
- Unit 3 (TK Hair & Beauty) lease expiring 2028 (£7,200+VAT PA)
- Situated just to the south of the Market Square near Boyes
- Adjacent to a popular Sun Tan shop & Rutand Arms Pub
- Ample on-street parking to surrounding streets (30 mins to 1hr)
- Rectangular shaped sales areas with large display windows
- Surrounded by residential and commercial occupiers
- Newark Northgate Station to London in approx 1 hr 30 mins
- Ideal investment opportunity Note: Owned by a family member of Auction Estates
Contact Auction Estates on (0115) 7844 600
Fees
A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Offered for sale on a long leasehold basis with a term of 999 dated 21/08/2015. The property is fully let and producing £24,267.45 PA
Refer to Legal Pack