Next auction Thursday 20th June 2.30PM

1 Magnus Street, Newark, Nottinghamshire, NG24 1LB



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Guide price

£250,000+


Property Type

Commercial

Bedrooms

4


Key Features

  • A freehold town centre former office building with a good sized car park in the heart of Newark Town Centre.
  • Approximately 2,375 sq ft and planning to convert to dwelling house
  • On a predominantly residential street of attractive period houses

Part of the 17 August 2023 auction
The Nottingham Racecourse at 2.30PM

A freehold town centre former office building with a good sized car park in the heart of Newark Town Centre. Planning for conversion from offices to a dwelling house.

  • Close to the junction with Appleton Gate in the town centre
  • A short walk from Newark's Royal Market Place & retail centre
  • On a mainly residential street of attractive period houses
  • Within easy reach of the Train Station (London 1hr 15 mins)
  • Comprising a former house used most recently as offices
  • Planning for conversion to residential (ref: 21/00219/CPRIOR
  • Useful basement storage space
  • Ground floor: Attractive porch entrance to wide hallway/stairs
  • GF: Kitchen, various office rooms, WC's and Conservatory
  • FF: five former office rooms
  • Total floor area approx 2,375 sq ft
  • Existing floor plans available on the website
  • Good sized car park with 6 allocated spaces
  • An ideal conversion project to a good sized 4 bed dwelling

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.

Freehold with vacant possession

Refer to Legal Pack

Email: holliewatkins@bannerjones.co.uk
Telephone: 01623 675800

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