Get brand editions for Pygott & Crone, Auctions

Retail Property (high street) for sale

Albert Street, Newark, NG24

Guide Price* £80,000

Property Description

Key features

  • MODERN METHOD OF AUCTION
  • STARTING BID 80,000
  • Single Storey Retail Shop
  • Lard Rear Yard
  • Development Potential for Alternative Uses
  • EPC Instructed

Full description

Tenure: Freehold

FOR SALE BY MODERN AUCTION- START BID: £80,000 PLUS RESERVATION FEE.
"This property is for sale by the modern auction method of sale also known as a "conditional auction". This process is similar to a normal property purchase but on acceptance of an offer the purchaser will pay a non refundable reservation fee to secure the property. The buyer then has 28 days to exchange contracts and a further 28 days to complete the purchase. Terms and conditions apply to the modern auction method of sale, which is operated by Pygott & Crone Property Auctions."
An excellent opportunity to purchase the freehold of this versatile single storey shop unit with large yard to the rear, located just a short walk away from Newark town centre. Previously three shops, this property would also offer development potential for alternative uses, subject to the necessary consents from the local planning authority.


SITUATION 
Newark is a prosperous market town in the county of Nottinghamshire with access to both the north and southbound carriageways of the A1. The main A46 which has been upgraded in recent years provides excellent links to both Nottingham and Leicester and the M1 to the south. This is having a positive effect on Newark’s economy. An excellent main line railway service also exists to both London King's Cross and to other parts of the country through National Express.

LOCATION 
The property is located in a mixed retail, residential and office area, with a new Asda development and Market Place to the north. Newark is a market town and markets are held on Wednesday, Fridays and Saturdays.

DESCRIPTION 
The property is a single storey and comprises a shop unit with good sized yard to the rear. Previously three shops, the property would also offer development potential for alternative uses, subject to the necessary consents from the local planning authority. The site area extends to 87.05 sq m (937 sq ft) and the site provides 218 sq m (2346 sq ft).

GROUND FLOOR SHOP 
4.79m x 7.57m
Having an open plan shop unit.

FURTHER SHOP AREA 
3.28m x 3.0m
Having sink area.

REAR STORE 
2.97m x 4.79m

OUTSIDE 
There is a rear yard with WC and wash hand basin, and brick store.

SERVICES 
Mains electricity, water, drainage and gas are connected to the property; however all prospective purchasers are advised to check upon the adequacy of these supplies for their own purposes.

PLANNING 
The existing use of the property falls within Class A1 (Shop) of the Town & Country Use Classes Order 2015 (as amended). Other uses would be suitable subject to the necessary planning consents. Prospective purchasers are invited to make their own enquiries to Newark & Sherwood District Council Planning Department, tel: 01636 650000.

EPC 
The Energy Performance Certificate for this property has been instructed and will be available shortly.

LOCATION PLAN 

VAT 
The price expressed in these particulars is exclusive of VAT at the appropriate rate.

VIEWING 
Viewing is strictly by appointment with the sole agents: Pygott & Crone Lawrence House 27-29 Clasketgate Lincoln LN2 1JJ Tel: 01522 536777 Contact: Jamie Thorpe / Rob Waterhouse Email: jthorpe@pygott-crone.com / rwaterhouse@pygott-crone.com

More information from this agent

Nearest stations

  • Newark Castle (0.5 mi)
  • Newark North Gate (0.7 mi)
  • Rolleston (3.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pygott & Crone, Auctions

36a Silver Street Lincoln LN2 1EW

01522 418141 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Newark Castle (0.5 mi)
  • Newark North Gate (0.7 mi)
  • Rolleston (3.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pygott & Crone, Auctions

36a Silver Street Lincoln LN2 1EW

01522 418141 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference LNC150093. 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 Pygott & Crone, 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.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pygott & Crone, Auctions on 01522 812311.


Map data OpenStreetMap contributors.