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Lot 17 Click here for addendum

Freehold Mixed Use Investment – Gross Yield 12.6%
6 Week Completion

Situation

Occupying a rectangular corner site within this Historic Town Centre of Newark which is famous for its connection during the Civil War of the 17th Century as a Royalist Stronghold located close to the River Trent and approx. 1 miles from the A1.

Property

An attractive part Grade II listed corner building comprising:

2 Ground Floor Shops with separate front access to a first and second floor upper part fronting Castle Gate which was previously used for residential.
3 Ground Floor Shops and 1 Self-Contained Flat fronting Boar Lane.

Click here to view the floor plans of the property.

VAT is NOT applicable to this Lot

FREEHOLD

Planning

There may be potential to convert the upper parts above 21 and 21a Castle Gate to Residential Use, subject to obtaining possession and the necessary consents.
All enquires should be made with the Local Authority - Newark & Sherwood District Council - Visit: www.newark-sherwooddc.gov.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

2, 4, 6, 8 & 12 Boar Lane & 21/21a Castle Gate, Newark, Nottingham, Nottinghamshire NG24 1AJ