Available
Newark-on-Trent – Vacant Retail
Freehold Vacant Retail Investment47/49 Balderton Gate, Newark-on-Trent, Nottinghamshire NG24 1UE
Investment Consideration
- Vacant possession
- ERV: £6,500 p.a. GIY: 8.67%
- Comprises two-storey retail premises
- Suitable for variety of uses (Class E)
- Residential development potential, STTP
- Situated on the east side of Balderton Gate in a predominantly residential area, a short walk from Newark town centre.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises two-storey retail premises previously t/a photography studio, providing the following accommodation and dimensions:
Ground Floor: 51 sq m (550 sq ft)
Open plan retail/office, storage, wc
First Floor: 13 sq m (140 sq ft)
Ancillary
Total GIA: 64 sq m (690 sq ft)
Ground Floor: 51 sq m (550 sq ft)
Open plan retail/office, storage, wc
First Floor: 13 sq m (140 sq ft)
Ancillary
Total GIA: 64 sq m (690 sq ft)
Location Description
Newark-on-Trent is an attractive market town situated 17 miles north-east of Nottingham and 16 miles south-west of Lincoln. The town is located at the junction of the A1 and A46 dual carriageways giving good access in both north to south and east to west directions. The property is situated on the east side of Balderton Gate in a predominantly residential area, a short walk from Newark town centre.