LIVE ONLINE AUCTION - Click here to view

The Governors House, 23-24 Stodman Street, Newark, NG24 1AW



Sold
£199,000
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£199,000
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£199,000
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£199,000
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£199,000
Sold
£199,000
Guide price

£150,000+


Property Type

Commercial


Key Features

  • Rare opportunity to acquire a substantial town centre retail unit
  • Grade 1* Listed Property of circa 5,418 sq ft.
  • Next Block Viewing: Tuesday 18th April at 12:15pm, Please arrive promptly

Part of the 27 April 2023 auction
The Nottingham Racecourse at 2.30PM

A rare opportunity to acquire a substantial landmark retail unit in the heart of Newark's Royal Market Place, formerly occupied by Greggs.

  • Freehold three storey retail premises - Grade 1* Listed
  • Within Newark's Royal Market Place, opposite Natwest
  • Close to Costa Coffee, Holland & Barrett, Boots
  • 100% prime retail location on Stodman Street/Market Place
  • Adjacent to St Marks Place Shopping Centre
  • Last occupied by Greggs with feature seating upstairs
  • Comprising retail sales, food prep and stock rooms
  • Substantial first floor seating areas, WC's & staff areas
  • Second floor staff and store room areas
  • Potential to self contain the upper floors
  • Scope for a range of alternative uses (STP)
  • Newark is an affluent town centre with a population of 35,000
  • Falls within a catchment area of 160,000 within approx 12 miles
  • Property measures approximately 5,418 sq ft (VOA)
  • Grade I* Listed - full Heritage Impact Assessment available
  • Rare opportunity to acquire a substantial retail property
  • Floor plans available upon request
  • An internal viewing is highly recommended

Contact Auction Estates on 0115 7844 600

Fees

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

Refer to Legal Pack

Email: rachel.bingley-wakefield@chattertons.com
Telephone:

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