Savills | 10 Victoria Street, Newark, NG24 4UT | Property for sale
30,000 sq ft(2,787.09 sq m)
Excess of £1,500,000

10 Victoria StreetNewark, NG24 4UT

  • Under offer
  • Freehold

Key features

  • Excellent town Centre location
  • Suitable for a variety of uses, subject to planning permission
  • Attractive Art Deco / Victorian Building
  • Offers in excess of £1,500,000

For Sale Development Opportunity

About this property

  • Description
    The property comprises an attractive Art Deco / Victoria building arranged over ground, first and second floors being of a traditional brick construction under a combination of pitched and flat roofs. Typically of the periods, the building incorporates attractive brick detailing to the front elevation, incorporating full height and arched crittal windows. The property benefits from direct loading off Victoria Street leading through to a rear courtyard and parking area which incorporates a self-contained residential unit.

    Internally, the property predominantly provides open plan storage, ancillary offices and residential accommodation. More specifically, warehousing provides heights ranging from approximately 4m to 4.5m, benefiting from excellent natural light and incorporating attractive architectural features such as exposed trusses and beams, together with close boarded timber floors.
    Part of the second storey section has been converted to a substantial ‘loft’ style residential unit.

    Rateable Value (2017) £20,200.
    Rates Payable (2019/2020) £9,918.20.

    Strictly by appointment only with the Sole Agent, Savills.

    Each party to be responsible for their own legal costs involved in this transaction.

Local information

  • Newark is a popular market town within a population of approximately 35,000 people. Nearby centres include Lincoln, approximately 20 miles to the north east, Mansfield approximately 20 miles to the west and Nottingham approximately 21 miles to the south west. Victoria Street lies to the west of the town centre and benefits from access to the A1 trunk road and the dualled A46 to Leicester and the M1. Newark Northgate Railway Station offers a direct line to Kings Cross with an average journey time of 1 hour and 30 minutes.
  • The property occupies a prominent position fronting Victoria Street to the north close to its junction with Pelham Street, within a conservation area, directly opposite B&M Bargains and the Co-op. The immediate vicinity is otherwise categorised by period residential property and the comprehensive amenities of the town centre are within a short walking distance, including Asda Newark Supercentre. In addition, within close proximity is the flagship Robin Hood Hotel mixed use development anchored by Travelodge.