Barnby Gate, Newark, NG24

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £130,000 Auction End Date is ‘TBC’

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

Presenting an exceptional investment opportunity in the heart of the town centre, this well-established commercial property, currently operating as a popular hair and beauty salon, is now available for sale due to retirement. Situated in a bustling residential area, the property benefits from high footfall and excellent visibility, making it an ideal choice for investors and business owners seeking a prime location.

The main building is thoughtfully arranged to accommodate a range of commercial uses, with bright and welcoming interiors that have been maintained to a high standard, reflecting its ongoing success as a salon. To the rear of the property, off-road parking is provided (a valuable asset for both staff and clients), enhancing convenience and accessibility. Additionally, the sale includes a commercial building plot to the rear, which comes with granted planning permission for the construction of a single storey commercial building (offering considerable scope for expansion or additional rental income). This unique combination of an existing, income-generating business premises and a development opportunity sets the property apart as a versatile and compelling proposition.

The property is offered for sale by the modern auction method, allowing for a transparent and efficient transaction process, with the added advantage of immediate exchange of contracts available. Investors will appreciate the flexibility to continue the current business or reconfigure the space to suit a variety of commercial enterprises, capitalising on the area’s ongoing growth and vibrant community.

The proximity to the town centre ensures excellent transport links and amenities, supporting sustained demand for commercial space in this sought-after location. Whether you are looking to expand your portfolio, establish a new business, or develop the rear plot for further commercial use, this property represents a rare chance to secure a foothold in a thriving market.

Early viewing is highly recommended to fully appreciate the potential and versatility on offer. For further information or to arrange a viewing, please contact our office at your earliest convenience. This is a rare opportunity to acquire a prominent commercial property with significant development prospects, ideal for investors and owner-occupiers alike. Do not miss your chance to secure this prime town centre investment, offered with vacant possession and ready for immediate progression to contract exchange.

The Interactive Property Report can be viewed on the following web portals, UNDER THE VIRTUAL TOUR TAB on Rightmove, Zoopla, and On The Market. FURTHER MATERIAL INFORMATION FOR THIS PROPERTY can be found within the report and includes a wealth of material including information on - Title Plan and Plot, Maps, House Price Statistics, Flood Risk, Media Availability, In depth Local School Information, Transport Links, etc.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

Auctioneers Additional Comments Continued...

The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law. The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’. These prices are subject to change.

Auctioneers Additional Comments Continued...

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments Continued...

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A nonrefundable reservation fee up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Newark

A traditional market town that benefits from its excellent location, situated just off the A1 and A46 between the cities of Nottingham and Lincoln and having 2 railway stations including Northgate Station which is on the east coast Main line offering commuters and shoppers easy access to London. The town is full of character with its bustling traditional cobbled market square and ruins of Newark castle that date back to 1123. Newark boasts a wealth of successful independent shops and boutiques, as well as a wide range of national chains. The town also offers an array of restaurants and cafes, a theatre and a multi-screen cinema. Newark is also a hub for antique enthusiasts, with its various antique shops and regular antique fairs held at the nearby Newark Showground.

Studio One & Reception

3.66m x 3.56m

maximum measurements

Studio Two

3.73m x 3.63m

maximum measurements

Studio Three

2.67m x 2.34m

Ground Floor WC

1.25m x 0.99m

Kitchenette

3.15m x 2.18m

maximum measurements

Studio Four

3.66m x 3.58m

maximum measurements

Studio Five

2.64m x 2.54m

maximum measurements

First Floor WC

1.47m x 0.74m

Utility

2.72m x 1.17m

Services

Mains gas, electricity, water and drainage are connected.

Square Footage

The square footage for this property is approximately 792 sq ft.
Please note whilst every care is taken in providing this information as accurately as possible, this figure is calculated whilst creating the property’s floor plan, which does not factor in a number of potential variations including wall thickness, curves, triangular walls, chimney breasts etc and alterations to the floorplan to ensure it is representative of the property’s layout. The square footage may also include garages, porches, outbuildings, garden buildings and external corridors where applicable, please contact the office for further information/clarification.
The EPC and Interactive Property Report may show a different total square footage.

Agent's Note - Sales Particulars

Although these particulars are thought to be materially correct, their accuracy cannot be guaranteed, and they do not form part of any contract. All services, heating systems and appliances have not and will not be tested, and no guarantees have been provided for any aspects of the property, measurements are taken internally and cannot be assumed to be accurate, they are given as a guide only.

Anti-Money Laundering Regulations

Intending purchasers will be asked to confirm their identity at the offer stage and we ask for your co-operation in order that there will be no delay in agreeing a sale.

Referrals

Newton Fallowell Newark and our partners provide a range of services to our vendors and buyers. Conveyancing - If you require a solicitor to handle your sale or purchase, we can refer you to our conveyancing partner, we receive a referral of up to £350 if you choose to use their services, there is no obligation to use solicitors we refer to. Mortgage Advice - Correct budgeting is crucial before committing to purchasing a property. You are free to arrange your own advice, but we can refer you to the Mortgage Advice Bureau who are in house for specialist advice on 1000s of mortgage deals if required. Please be aware that we receive a percentage of the fees if you ultimately choose to arrange a mortgage/insurance through them. Property Surveys - If you require a property survey of any kind, we can refer you to an RICS surveyor, and we receive a referral fee of up to £30 should you choose to arrange a survey through them. For more information, please call the office.