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Lot - 5-7 Barnby Gate, Newark, Nottinghamshire, NG24 1PX Auction Lot £145,000+ - Auction Estates

Next Auction

The Nottingham Racecourse

18 August 2022

5-7 Barnby Gate, Newark, NG24 1PX

Guide Price: £145,000+


Key Features

  • Town centre three storey freehold property
  • Potential for conversion of upper floors to residential (stp)
  • Side access allows upper floors to be self contained
  • Available on a 6 week completion
Draft Details Only

Freehold three storey retail property with two floors of accommodation above, located in the heart of Newark town centre fronting Barnby Gate just off the Market Square. Offered due to relocation of the business with vacant possession and a 6 week completion.

• A freehold shop with two floors of accommodation above
• Potential for conversion of the upper floors to residential (STP)
• Grade II Listed/Conservation Area (grants available)
• GF shop with sales area and consultation rooms (411 sq ft)
• FF kitchen and two good sized rooms (450 sq ft)
• SF bathroom and two good sized rooms (410 sq ft)
• Passageway to side allowing uppers to be self contained
• Toilet and store room located off the rear yard
• Suitable for owner occupiers and investors alike
• On street and contract parking along Barnby Gate
• Located off the south entrance to the Royal Market Place
• Available due to business relocating and an 6 week completion


Interested parties should refer to the Special Conditions of Sale for confirmation of whether VAT is applicable to the sale price.


Contact Auction Estates on (0115) 7844600

Important Notices


A buyer's premium of £1,440 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.

Freehold with vacant possession and a 6 week completion.

Refer to Legal Pack

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