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COMMERCIAL

Mount Lane, Newark

Guide Price
£250,000
Richard Watkinson & Partners, Newark
PROPERTY TYPE

Commercial Property

SIZE

8,611 sq ft

800 sq m

Key features

  • Residential Development Opportunity
  • Full Planning For 3 Flats & 5 Townhouses
  • Town Centre & Conservation Area Location
  • Gross Internal Area 640 sq. m Approximately
  • Range of Edwardian Single & Two Storey Buildings
  • Auction 17th April 2025

Description

*** AUCTION GUIDE £250,000 - Sale by Auction Thursday 17th April 2025, 2.30pm Trent Bridge Cricket Ground, Derek Randall Suite, West Bridgford, Nottingham NG2 6AG ***
A range of Edwardian single and two storey buildings with potential for conversion to residential accommodation subject to planning permission. The gross internal area is 800 sq.m approximately. The property is located within the Newark town centre and conservation area, close to St Mary Magdalene Church, a Grade I listed building and associated church grounds. Planning permission was previously granted for conversion of the buildings to 5 self-contained studios, 3 x one bedroomed apartments, 1 x two bedroomed apartment and 3 x four bedroomed cluster apartments. This planning permission has subsequently expired and part of the building has been subject to fire damage.

*** AUCTION GUIDE £250,000 - Sale by Auction Thursday 17th April 2025, 2.30pm Trent Bridge Cricket Ground, Derek Randall Suite, West Bridgford, Nottingham NG2 6AG ***

A residential development opportunity with Full Planning Permission for conversion of the existing building into five two-storey townhouses and three self-contained apartments. The proposed gross internal area of the development is 640 sq. m (6,880 sq. ft) approximately. The property is located within the Newark Town Centre and conservation area, close to St Mary Magdalene Church a Grade I Listed building and associated church grounds.

The location is very close to Newark Market Place, shops and supermarkets. Newark is a thriving town and has a good range of facilities, including national and local retailers, supermarkets, banks, market place restaurants, bars and cafes. The property is within a few minutes walking distance of these amenities.

Newark has a population of approximately 35,000, and the population of Newark & Sherwood is approximately 115,000.

Planning Permission - Full Planning Permission is granted under Newark & Sherwood District Council reference 24/00914/FUL for conversion of vacant Piano School buildings to 3 single-storey flats, and 5 two-storey houses. Proposed areas of demolition including existing external staircases. The Conditional Planning Consent was granted 16th July 2024.

The documents and plan are available for inspection on the Newark & Sherwood District Council Planning Portal

The following reports are available:

Preliminary Ecological Appraisal and Rooster Assessment.
Bat Emergence Survey.
Heritage Statement.
Historical Record Document.

Cil Charge - The development is assessed for the CIL charge in the sum of £ TBC .

Services - We understand that mains water, electricity, gas and drainage are previously connected to the property.

Tenure - The property is freehold.

Possession - Vacant possession will be given on completion.

Viewing - Strictly by appointment with the selling agents.

Note - There has been recent fire damage to the building (Block C) on the existing floor plans.

Price - Auction Price Guide £250,000.

Proposed Accommodation - House 1 - 2 bed, 3 bath, 2 storey house - GF Area 54 sq. m - FF Area 54 sq. m - Gross Internal Area 108 sq. m - 1162.08 sq. ft
House 2 - 2 bed, 2 bath, 2 storey house - GF Area 48 sq. m - FF Area 48 sq. m - Gross Internal Area 96 sq. m - 1032.96 sq. ft
House 3 - 1 bed, 2 bath, 2 storey house - GF Area 35.7 sq. m - FF Area 35.7 sq. m - Gross Internal Area 71.4 sq. m - 768.264 sq. ft
House 4 - 2 bed, 2 bath, 2 storey house - GF Area 37.3 sq. m - FF Area 37.3 sq. m - Gross Internal Area 74.6 sq. m - 802.696 sq. ft
House 5 - 2 bed, 2 bath, 2 storey house - GF Area 40.1 sq. m - FF Area 54 sq. m - Gross Internal Area 94.1 sq. m - 1012.516 sq. ft
Apartment 1 - 1 bed, 1 bath, apartment - GF Area 70 sq. m - Additional Mezzanine 10 sq. m - Gross Internal Area 80 sq. m - 860.8 sq. ft
Apartment 2 - 2 bed, 1 bath, apartment - GF Area 64 sq. m - Additional Mezzanine 8 sq. m - Gross Internal Area 72 sq. m - 774.72 sq. ft
Apartment 3 - 1 bed, 1 bath, apartment - GF Area 44 sq. m - Gross Internal Area 44 sq. m - 473.44 sq. ft


The development would be served by a central courtyard providing private amenity space and bin/cycle storage areas. No off-street parking provision is available.

Block A - 13.72m x 4.72m overall measurements (45' x 15'6 o - Area M3 - this part of the building subject to fire damage.

Ground Floor - 16.76m x 5.33m (55' x 17'6 ) - Partitioned.

Classroom - 7.62m x 6.40m (25' x 21' ) - With northern lights.

Classroom - 7.62m x 7.32m (25' x 24' ) - With northern lights.

Classroom - 7.92m x 5.94m (26' x 19'6 ) -

Classroom - 7.32m x 6.40m (24' x 21' ) -

First Floor - 16.76m x 5.33m (55' x 17'6 ) -

Block B (Former Classrooms) -

Former Classroom - 8.08m x 5.94m (26'6 x 19'6 ) -

Former Classroom - 6.40m x 7.01m (21' x 23' ) -

External steps lead to;

Former Kitchen - 6.10m x 4.88m approx (20' x 16' approx) -

Important Notes - Please see

Legal Pack - The contract special conditions, conditions of sale and all related documents will be available at the offices of Auctioneers and the vendors solicitors at least 14 days prior to the Auction.

Auction Estates will conduct the Auction in accordance with Edition 4 (September 2019) of the Common Auction Conditions of Sale.

Interested parties are able to download the legal documents and the pack directly from the Auction Estate website.

Buyers Fee - Please note that Auction Estates will be charging a buyers fee of £1,500 plus VAT. This amount is payable regardless of whether a sale occurs before or during or after the Auction, and will be collected on exchange of contracts.

Aml - The Money Laundering Regulations 2007 compel the Auctioneers to conduct certain identity checks prior to acceptance of the offer. In order to meet these requirements please contact Auction Estates with certified copies of both photographic ID and proof of address.

Special Conditions Of Sale - The client has requested that the vendors legal costs and search fees are recovered from the buyer.

Brochures

Mount Lane, Newark

Mount Lane, Newark

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newark Castle Station0.4 miles
  • Newark North Gate Station0.4 miles
  • Rolleston Station4.0 miles

About Richard Watkinson & Partners, Newark

35 Kirk Gate, Newark, Nottinghamshire, NG24 1AD
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1Industry affiliation logo 2

Richard Watkinson & Partners is one of the East Midlands most established estate agencies having had a presence in the area for more than 30 years. Our experienced and trusted agency has offices across the region specialising in residential and commercial sales as well as lettings. With friendly, approachable and knowledgeable staff, Richard Watkinson & Partners is known for its expertise in all areas of property.

"I set up Richard Watkinson & Partners is 1988 with just three staff in a small office in North Gate, Newark.

"A lot has changed since then - we now have more than 30 members of staff, six offices across the East Midlands as well as dedicated lettings, new homes and commercial agents - but the core values I set out when I started the business have remained.

"High levels of customer service, a friendly, personable approach to estate agency and excellent local knowledge are all paramount in delivering a professional and effective service. These are the values upon which I built Richard Watkinson & Partners and I'm proud that these are always at the forefront of our agents' minds when dealing with customers.

"Estate agency itself hasn't changed, it's still a business which orientates around people and that is something we instil in all of our staff. People still like to walk into their local estate agency, browse properties and talk to an agent who knows the area and can provide useful advice on how to buy or sell a home. All of our staff live locally and are able to provide the best possible local knowledge, providing customers with a personal service on which they can rely.

"I'm proud that we remain a local, family-run business - always putting the customer first - and that our strong roots in the East Midlands continue to enable us to act as one of the region's leading agents across residential and commercial lettings and sales." - Founder, Richard Watkinson

Notes

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Disclaimer - Property reference 31624416. 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 Richard Watkinson & Partners, Newark. 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.

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 Richard Watkinson & Partners, Newark on 01636 556093.

*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.”

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