56 Cartergate, Newark, NG24 1UB
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Investment let at £12,000 p.a. (10% GIY on guide)
- Comprising of a retail space at ground floor and ancillary space at first floor
- Let on a 5 year renewal lease from 2024 (reversion 2029) in occupation 13 years
- Development potential to convert to residential dwelling (1st floor)
- Located on a pedestrianised street
- Rear yard with a car parking space
Description
There is possible development potential to add additional space at first floor and convert to residential dwelling (subject to the existing lease and requisite consents)
Nearby occupiers include Sports Direct, Argos, Cash convertors as well as a wide range of local & established independent retailers.
Please note. No.50, an identical property sold for £140,000 in 2021.
The property is located on the west side of Cartergate Street. Close to the junction with Beaumond Cross.
Newark Northgate station is located an approx. 0.6 miles from the property
Newark Castle Station is located an approx. 0.5 miles from the property
56 Cartergate, Newark, NG24 1UB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newark Castle Station0.4 miles
- Newark North Gate Station0.6 miles
- Rolleston Station3.9 miles
Notes
Disclaimer - Property reference 16D5AE13-4B6B-412C-9E31-05F4459CBCED. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Savills, Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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