Middle Gate, Newark, Nottinghamshire, NG24
- PROPERTY TYPE
House of Multiple Occupation
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Main High Street Location
- 3 x Fully Occupied Commercial Shops
- 8 x Bedroom HMO
Description
Guide Price: £495,000 (100% Share Sale)
Business Reference: GO4516
EXECUTIVE SUMMARY
Openplan Real Estate Developments Limited presents an attractive investment opportunity in the heart of Newark-on-Trent. The company owns the freehold interest in 42-46 Middle Gate, a fully let mixed-use property generating a gross rental income of £101,000 per annum.
The property comprises three retail units on long leases alongside a fully occupied 8-bedroom House in Multiple Occupation (HMO), providing a balanced and diversified income stream. The HMO is managed by an experienced third-party agent, while the retail units are overseen directly by the vendors.
This is a 100% share sale, giving investors the opportunity to acquire the company holding the freehold, with significant savings on stamp duty, legal fees, and financing costs. The share sale structure ensures a tax-efficient and straightforward acquisition process.
PROPERTY PORTFOLIO
42 Middle Gate - Ground floor lock-up shop of approx. 355 sq ft. Produces £13,500 per annum. Lease secured until 2035.
44 Middle Gate - Ground floor retail unit of approx. 463 sq ft. Produces £15,000 per annum. Lease secured until 2031.
46 Middle Gate - Ground floor retail unit of approx. 420 sq ft. Produces £14,000 per annum. Lease secured until 2028.
46a Middle Gate - First and second floors comprising a fully licensed 8-bedroom HMO (approx. 1,516 sq ft). Fully let, producing £58,500 per annum. Professionally managed with established tenants and low void risk.
Total Gross Revenue: £101,000 per annum
FINANCIAL PERFORMANCE
Gross Rental Income: £101,000 per annum
Net Profit (after finance): £43,876 per annum
Estimated Asset Value: £1,130,000
Outstanding Liabilities: £689,000 bridging loan (currently being refinanced into a long-term mortgage to reduce finance costs and secure stability)
The refinance offers scope for enhanced profitability and improved cashflow for the incoming investor.
TENANT & LEASE PROFILE
Retail tenants benefit from secure, long-term lease agreements running between 3-10 years, providing stability and predictable rental income.
The HMO is let on a room-by-room basis to a diversified tenant mix, reducing reliance on any single occupant.
Professional management is in place to oversee tenant relations, rent collection, and maintenance, ensuring a hands-off investment model.
LOCATION
Middle Gate is a prime retail and residential location in Newark town centre, a historic market town in Nottinghamshire.
Key advantages include:
Excellent transport links, with direct rail services to London in approximately 75 minutes and strong road connections to the A1 and A46.
A vibrant town centre location with consistent demand for both retail and residential units.
A strong local economy driven by logistics, manufacturing, retail, and services.
Year-round tourist appeal, with attractions such as Newark Castle, the market square, Sherwood Forest, and Lincoln Cathedral.
KEY HIGHLIGHTS
Freehold mixed-use property with three retail units and a high-yielding HMO.
Fully let, with long-term leases securing commercial income.
Professionally managed HMO with 100% occupancy.
Diversified income streams, balancing commercial and residential.
Hands-off structure with management in place.
Strong underlying property asset value of £1.1M+.
Significant refinance opportunity, with bridging loan conversion to long-term mortgage expected to improve net returns.
Genuine sale driven by owners' emigration, creating a timely investment opportunity.
WHY INVEST
This opportunity offers:
Immediate income from a fully occupied property.
A balanced and resilient rental profile across commercial and residential tenants.
A low-maintenance investment thanks to professional property management.
Capital growth potential supported by Newark's strong transport links and ongoing development.
Cost-efficient acquisition through a share sale structure, reducing upfront transaction costs.
CONFIDENTIALITY & NEXT STEPS
Viewings are strictly by appointment only, for more information, please contact:
Goodwins Business Brokers
Tel:
Email:
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Middle Gate, Newark, Nottinghamshire, NG24
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Visit our security centre to find out moreDisclaimer - Property reference GO4516. 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 Goodwins Business Brokers Ltd, Covering - Nationwide. 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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