Lot - 48 & 48A KirkGate, Newark, Nottinghamshire, NG24 1AB Auction Lot £140,000+ - Auction Estates

Next Auction

Nottingham Racecourse

13 December 2018

48 & 48A KirkGate, Newark, NG24 1AB

Guide Price: £140,000+


Key Features

  • 2 Town Centre retail units
  • 48: 1,046 sq ft (VAC)
  • 48A: Hair salon let - £3,000 pa
  • ERV when fully let: £17,000pa
Draft Details Only

Two retail units just off Newark market place, one let at £3,000 and one vacant (offered To Let at £14,000). Combined ERV when fully let £17,000 pa.

• Prominent town centre location, off the Market Place
• Close to Starbucks, Toni & Guy; a short walk from Morrisons
• 48 comprises a corner retail unit (GF: 1,046 sq ft)
• First floor stores and ancillary space circa 603 sq ft
• 48A comprises a ground floor hair salon with rear store
• A listed building, therefore exempt for EPC purposes
• Total Net floor area approx 1,649 sq ft
• Potential with 48 for alternative uses (STP)
• An ideal investment opportunity


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


Next viewing date: Wednesday 18th April at 3.30pm. Please arrive promptly for the viewing time.

Important Notices

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.

48 Kirkgate: Freehold with vacant possession
48A Kirkgate: Freehold, subject to the lease to Attitude Hair Salon for a term of 3 years from 1st May 2016 at £3,000pa.

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