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Unit 2, Barnby Gate, Newark, Nottinghamshire, NG24

£95,000

£122.90 per sq ft

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE

773 sq ft

72 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: Class E

E

Key features

  • Rental Income: £8,075 p.a.
  • Gross Initial Yield: 8.50%
  • Comprises ground floor retail shop t/a Tanning Salon
  • VAT is applicable to this property

Description

Investment Consideration:
Gross Initial Yield: 8.50%
Rental Income: £8,075 p.a.
VAT is applicable to this property
Comprises ground floor retail shop t/a Tanning Salon
Occupiers close by include Argos, Sports Direct, Cash Convertors, Oxfam and more.

Property Description:
Comprises ground floor retail shop t/a Tanning Studio, providing the following accommodation and dimensions:
Ground Floor: 71.84 sq m (773 sq ft)
Open plan retail, storage, kitchen, wc

Tenancy:
The property is at present let to an Individual t/a Tanning Salon for a term of 10 Years from 1st November 2020 at a current rent of £8,075 p.a. and the lease contains full repairing and insuring covenants. Rent review on 01.11.25 outstanding. Tenant break option in 2025 NOT exercised.

Tenure:
Long Leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.

Location:
Newark is an attractive market town situated 17 miles north-east of Nottingham and 16 miles south-west of Lincoln. The town is located at the junction of the A1 and A46 dual carriageways, giving good access in both north to south and east to west directions. Newark Northgate Station is 0.6 miles to the north-east of the property and provides direct trains to London and Leeds. The property is situated on the south side of Barnby Gate, between its junctions with Carter Gate and Guildhall Street, a short distance tothe east of the town centre. The rear of the property fronts Balderton Gate. Occupiers close by include Argos, Sports Direct, Cash Convertors and Oxfam amongst a range of local traders.

Brochures

Unit 2, Barnby Gate, Newark, Nottinghamshire, NG24

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newark Castle Station0.5 miles
  • Newark North Gate Station0.5 miles
  • Rolleston Station4.0 miles

About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

Notes

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Disclaimer - Property reference unit2barnbygate. 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 Blue Alpine, London. 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.

Map data ©OpenStreetMap contributors.

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