Next auction Thursday 20th June 2.30PM

15 Balderton Gate, Newark, Nottinghamshire, NG24 1UE



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Guide price

£75,000+


Property Type

Commercial


Key Features

  • Large town centre retail property
  • To be offered with vacant possession on completion
  • Total Floor Area 323sq m (3,476sq ft)

Part of the 22 June 2023 auction
The Nottingham Racecourse at 2.30PM

Large property in the heart of Newark Town Centre to be offered with vacant possession upon completion. Planning granted for a Chinese Restaurant.

  • Located in the retail centre of Newark , just off the Market Place
  • On an established retail street (flower shop, furniture, butchers)
  • Close to Pratt & Gelsthorpe Peugeot Dealership
  • A short walk from Odeon Cinema, Costa & Domino's Pizza
  • Newark has an historic Market Place with regular markets
  • The town is rapidly expanding with new housing estates
  • Newark Northgate Station to London in approx 1 hr 30 mins
  • Property comprises a large mainly single storey unit
  • Let to Newark Roast & Co (surrendered on exchange)
  • Lease to be surrendered and offered vacant
  • Planning granted for a Chinese Restaurant
  • Total floor area 323 sq m (3,476 sq ft)
  • Includes rear store rooms, WC, stock
  • Ground floor stock and staff room
  • An internal inspection is highly recommended

Contact Auction Estates on 0115 7844600

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.

Leasehold - Refer to legal pack for further details. The property is currently let on a 5 year lease to Newark Roast & Co at a rent of £15,000 per annum but the lease is to be surrendered and the property sold with vacant possession upon completion.

Refer to Legal Pack

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Telephone: 01636 640 649

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