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Lot - 21 Appleton Gate, Newark, NG24 1JR Auction Lot £125,000+ - Auction Estates

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Nottingham Racecourse

13 August 2020

21 Appleton Gate, Newark, NG24 1JR

Guide Price: £125,000+


Key Features

  • Freehold investment property in the town centre of Newark
  • Vacant shop & 2 self contained flats (1 let, 1 vacant)
  • Ideal investment oportunity
Draft Details Only

Freehold investment property comprising a shop and two self contained flats above.

• Town centre location off Market Place
• Opposite new National Civil War Centre & Palace Theatre
• Grade II listed & Conservation Area
• Ground floor shop (vacant) - 775 sq ft
• Sales area, prep room, kitchen & store
• External rear yard & bin store
• Two self contained flats above
• Flat 21A: 2 double bedrooms (let)
• Sitting room, kitchen, 2 beds, bathroom
• Flat 21B: 1 bedroom (vacant)
• Kitchen, landing, bedroom
• Ideal investment property


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


Please contact Auction Estates on 0115 7844 600

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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

Freehold, subject to the occupational tenancies. Shop subject to a new tenancy at a rent of £10,400 pa. Flat 21A is let on an AST from August 2019 at £320 PCM (£3,840 pa). Flat 21B is vacant. Current rent reserved £14,240 pa. ERV when fully let circa £18,000 pa

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