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Guide price £120,000(Rp2.478.684.549)
54 CartergateNewark, NG24 1UB
- New
- Sole agency
- Freehold
Key features
- Investment let at £12,000 p.a. (10% GIY on guide)
- Comprising of retails space at ground floor and ancillary space at first floor
- Let on a 5 year lease from 2022 (reversion 2027)
- Development potential to convert to residential dwelling (1st floor)
- Located on a pedestrianised street
- Rear yard with a car parking space
A freeholder mid terrace property comprising of a retail space at ground floor and ancillary space at first floor, let on a 5 year lease from 2022.
About this property
A mid terrace property forming part of busy and established shopping parade and comprising of commercial space at ground floor and ancillary space at first floor. 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. No.50 is an identical property that sold for £140,000 in 2021.
Local information
- 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