Vernon Street Garage, Vernon Street, Newark, Nottinghamshire, NG24 1PW
£125,000+
Key Features
- An opportunity to acquire a freehold property comprising 10 x lock-up garages
- Workshop building on a site
- 0.14 acres in the heart of Newark town centre
Part of the
23 April 2026
auction
Nottingham Racecourse
at
2.30PM
An opportunity to acquire a freehold property comprising 10 x lock-up garages and a workshop building on a site of 0.14 acres in the heart of Newark town centre.
- 10 x lock up garages & workshop building of 1,165 sq ft
- Occupying a broadly rectangular site of 580 sq m (6,243 sq ft) or 0.14 acres
- Site frontage of approximately 18.1 metres
- Site depth of approximately 32 metres
- 10 x lock up garages (not inspected internally)
- Lock up garages may be subject to individual tenancies (awaiting details)
- Central access road serving the garages
- Workshop building of approx 108 sq m (1,165 sq ft)
- Workshop is vacant and has been cleared
- Occupying a street of traditional terraced housing
- A short walk into the heart of Newark town centre
- Forecourt parking to the workshop
- Addition vacant land to the front of the site
- Scope for redevelopment (subject to planning)
- A rare opportunity for investors and developers
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 (refer to legal pack for confirmation of any tenancies relating to the individual garages. We understand all the garages are let at a combined rent of £7,200 pa). Vacant workshop building.
Refer to Legal Pack
Email: charlotte.dexter@tallents.co.uk
Telephone: 01636 813411