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107-109 High Street, Collingham, Newark, NG23 7NG

Offers in Excess of
£375,000

£124.92 per sq ft

Business rates & charges may apply

Savills, Nottingham
SIZE AVAILABLE

3,002 sq ft

279 sq m

SECTOR

High street retail property for sale

Key features

  • Popular village location
  • Let to two tenants producing an annual income of £25,680
  • Potential to increase the income by development of the rear vacant outbuildings (STPP)
  • Retail unit offers attractive salon premises over two floors
  • Extensive 5 bedroomed residential accommodation independent from the retail premises
  • Freehold
  • Guide Price of £375,000, reflecting a net initial yield of approximately 6.6%, assuming standard purchasers costs, and a capital value of £115 psf

Description

Description
The property comprises an attractive period building arranged over two storeys. The building is of traditional masonry brick construction with rendered front elevation beneath pan tiled covered roofs. Windows and doors are timber framed.

The property provides self-contained commercial and residential accommodation. In addition, there are a number of outbuildings to the rear which are currently vacant and offer great potential for development.

The retail element of the property is arranged over two levels. The ground floor comprises a large open plan salon incorporating a reception area with stores, offices, kitchen, and toilet facility off and to the first floor there are a series of treatment rooms with the accommodation fitted out to a good specification providing attractive centrally heated modern hairdressing and beauty treatment space.

To the rear of the salon is a self-contained five bedroomed house arranged over ground and first floors, plus additional attic storage space. The residential property benefits from an external yard and car parking area, plus it’s own independent access.

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 village has its own railway station, providing services to London, changing at Newark Northgate, which offers regular direct services to London King’s Cross with an average journey time of approximately 1hr 24 minutes.

Situation
The property occupies a prominent position on the west side of High Street (A1133), close to its junction with Swinderby Road.

The immediate vicinity is predominantly categorised by a mix of commercial and residential occupiers including, Gascoignes News, Village Fish Bar, The Co-op and Collingham Medical Centre and Pharmacy.

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

About Savills, Nottingham

Standard Court Park Row Nottingham NG1 6GN

Notes

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Disclaimer - Property reference 302518-1. 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 Savills, Nottingham. 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.

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