Middle Gate, Newark On Trent, Nottinghamshire
- PROPERTY TYPE
Terraced
- BEDROOMS
8
- 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.
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Key features
- £100,700 per annum gross rental income
- 9.46% gross yield at asking price
- 11 income-producing units
- 8-bed licensed HMO generating £58,200 pa
- 3 commercial units with leases to 2028, 2031 & 2035
- Fully occupied with no rental arrears
Description
An exceptional opportunity to acquire a fully occupied mixed-use investment in the heart of Newark town centre, comprising an 8-bedroom licensed HMO and three established commercial units.
Producing a combined gross rental income of £100,700 per annum, the asset benefits from a diversified income stream across 11 income-producing units, reducing reliance on any single tenant. The property is fully let with no rental arrears and generates a strong gross yield of 9.46% and net operating yield of 8.36% at the asking price.
The residential element consists of a professionally managed 8-bed licensed HMO generating £58,200 per annum, whilst the three commercial units generate a further £42,500 per annum and are secured on leases running through to 2028, 2031 and 2035.
The investment is offered with the benefit of an established income stream, long-term commercial tenants and no service charge or ground rent liabilities. The property is currently held across two companies and may be suitable for a share transfer structure, subject to legal and lender approvals.
A rare opportunity for investors seeking a high-yielding, fully occupied mixed-use asset with both residential and commercial income in a strong town centre location.
- 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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Visit our security centre to find out moreDisclaimer - Property reference middle-gate-newark. 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 Pure, Manchester. 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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