107-109 High Street, Collingham, Newark, NG23 7NG
- SIZE AVAILABLE
3,002 sq ft
279 sq m
- SECTOR
High street retail property for sale
Key features
- Large mixed-use investment, multi-tenanted, producing an annual income of £25,680
- Hair salon with a 5 bedroom living accommodation and outbuildings
- Extending to approximately 3,002 sq ft (278.91 sqm)
- Outbuilding suitable for redevelopment (STPP)
- Guide Price of £425,000, reflecting a net initial yield of 5.81%, assuming standard purchasers costs, and a capital value of £141psf
- Asset management opportunity
Description
The property comprises a mixed-use building, built of brick construction, incorporating a duo-pitched tiled roof.
The building is configured into three main parts:
107 comprises the front section with rendered brick; It is arranged over ground and first floors and internally configured to provide a predominantly open plan hair salon with a reception area, internal storage and staff welfare facilities including a kitchenette and W/C. The first floor provides a further three treatment rooms. 107 is fitted out to a good specification incorporating the tenant’s in-house style.
109 comprises a self-contained 5 bedroom house, arranged over ground and first floor, plus additional attic space. The property benefits from an external yard and car parking area, plus its own independent access.
The out buildings are located to the rear and offer a development opportunity, STPP.
Location
Collingham is a picturesque village and civil parish in Nottinghamshire with a population of approximately 3,000 people. Nearby centres include Newark-on-Trent, approximately 6 miles to the south-west, Lincoln, approximately 14 miles to the northeast and Nottingham, approximately 27 miles to the south.
Collingham is well connected, benefiting from good access to both the A46 and A1, which in turn, provides routes to Nottingham, Lincoln and Peterborough.
The immediate vicinity is predominantly categorsied by a combination of both commercial and residential occupiers including, Gascoignes News, Village Fish Bar, The Co-op and Collingham Medical Centre Pharmacy to name but a few.
Brochures
107-109 High Street, Collingham, Newark, NG23 7NG
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Collingham Station0.5 miles
- Swinderby Station2.8 miles
- Newark North Gate Station4.9 miles
Notes
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