Friary Business Centre, 18 Friary Road, Newark on Trent, Nottinghamshire, NG24 1LE
£195,000+
Commercial
Key Features
- An opportunity to acquire a freehold two storey office investment extending to approximately 2,000 sq ft
- Rent when fully let of circa £29,970 pa (gross)
- Located in the historic market town of Newark
Part of the
19 June 2025
auction
Trent Bridge Cricket Ground
at
2.30PM
An opportunity to acquire a freehold two storey office investment extending to approximately 2,000 sq ft comprising eight individual office suites, communal areas and a detached link garage. Rent when fully occupied of circa £29,970 pa (gross)
- Freehold office investment
- Located in the historic market town of Newark
- Situated in a prominent position on Friary Road
- Walking distance to town centre amenities
- Excellent road connectivity, close to A1, A46 & A17
- Near Newark North Gate Station, 1hr 13 mins train to London
- A short walk to bus stop linking to town centre & surrounds
- 20 minute drive to Lincoln & 35 minutes to Nottingham
- Comprising 8 office suites, reception, 2 x kitchen, 2 x W/C
- Rent when fully let of circa £29,970 pa (gross)
- Linked garage currently being used as storage
- Forecourt providing approximately 10 parking spaces
- A high yielding investment opportunity
Contact Auction Estates on (0115) 7844600
Fees
A buyer's premium of £1,800 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, subject to the occupational tenancies (refer to the legal pack)
Refer to Legal Pack