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COMMERCIAL

Hawton Road, Newark

Offers in Region of
£185,000
Richard Watkinson & Partners, Newark
PROPERTY TYPE

Commercial Property

SIZE

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Key features

  • Freehold Commercial/Residential Property Investment
  • Ground Floor Class E Use, 760 sq.ft
  • First Floor Self-Contained Flat
  • Densely Populated Catchment Area
  • Gross Rental Income Potential £23,000 per annum
  • Potential Gross Yield 9% Approximately
  • EPC Ratings C and E

Description

A freehold investment comprising ground floor Class E retail/salon use and a first floor self-contained two bedroomed flat. The property is currently let to produce a gross income of £23,292 per annum exclusive. The property is substantially built and well maintained. The roof has been recently overhauled with a rubber compound coating. Whilst relocating to smaller premises the hairdressers have been in occupation for many years as were previous hairdresser occupants providing a long established service and successful business.

A freehold investment comprising ground floor Class E retail/salon use and a first floor self-contained two bedroomed flat. The property was previously let to produce a gross income of £23,292 per annum exclusive. The property is substantially built and well maintained. The roof has been recently overhauled with a rubber compound coating. Whilst relocating to smaller premises the hairdressers have been in occupation for many years as were previous hairdresser occupants providing a long established service and successful business.

The salon provides 661 sq.ft plus first floor staff room. The flat provides lounge, kitchen, two bedrooms and a bathroom. There is communal parking within the frontage area of the parade of shops.

The property provides the following accommodation:

Ground Floor -

Salon/Sales - (Frontage 18' x total depth 18'10 plus 10'8 additional width)

Suspended ceiling, fluorescent lighting, tiled floor, three night storage heaters, three wash basins each with electric showers. Fixed work surface, island unit with electrics, glazed front window and front entrance door.



Kitchen - 4.72m x 1.50m (15'6 x 4'11) - Base unit, sink unit and shelving. Elson hot water heater, plumbing for a washing machine.

Separate Wc - With close coupled WC and basin (cold tap only). Door to lobby and rear entrance door with night storage heater.

Storage Room - 3.18m x 2.34m (10'5 x 7'8) - (plus 5'4 x 4'2)

Rear Extension - Door to Lobby.

Stairs To First Floor -

First Floor -

Landing -

Kitchen - 4.32m x 1.68m (14'2 x 5'6) - Base units and wall cupboards, stainless steel sink unit, electric heater.

Lounge - 3.23m x 3.43m (10'7 x 11'3) - Gas heater.

Bedroom Two - 2.46m x 2.59m (8'1 x 8'6) - (plus 5'4 x 4'1)

Bedroom One - 3.07m x 3.23m (10'1 x 10'7) - Gas convector heater.

Bathroom - 2.36m x 2.16m (7'9 x 7'1) - Bath, electric shower, low suite WC, pedestal basin.

Services - Mains water, electricity, and drainage are all connected to the property.

Tenure - The property is freehold, subject to an existing Assured Shorthold Tenancy on the flat. The existing hairdresser's lease expires August 2025.



Viewing - Strictly by appointment with the selling agents.

Brochures

Hawton Road, Newark

Hawton Road, Newark

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newark Castle Station1.4 miles
  • Newark North Gate Station1.7 miles
  • Rolleston Station3.2 miles
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About Richard Watkinson & Partners, Newark

25 Stodman Street Newark NG24 1AT
Industry affiliations:

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 34189767. 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.

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