Castlegate, Newark, Nottinghamshire, NG24
- PROPERTY TYPE
Terraced
- BEDROOMS
15
- BATHROOMS
11
- 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
Description
A rare chance to acquire a high yielding, multi building HMO and commercial investment in one of Newark on Trent’s most central and sought after locations. Spanning 64–68 Castlegate, this fully licensed and fully occupied portfolio delivers a consistent annual income of £64,000, with clear scope for uplift through refurbishment, reconfiguration, or development of the extensive ancillary spaces.
The residential element comprises 11 bedsits with shared shower rooms across Nos. 64 and 66, plus a substantial block of 4 self contained flats at 68A — a proven, high demand rental format. A charming cottage at 68B adds further flexibility, while No. 68 provides commercial premises, strengthening the income mix and reducing reliance on any single tenant type.
The site also includes an extended exterior area with a fully serviced cabin, previously operated as a nail bar and ice cream parlour — ideal for micro business use or conversion to additional rental space. Each building benefits from a large, undeveloped cellar, offering significant potential for storage, amenity space, or future development (subject to consents).
With its scale, location, occupancy stability, and multiple value add angles, this is an exceptional opportunity for investors seeking a robust, diversified asset with strong returns and long term growth potential.
- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- No parking
- 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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Energy performance certificate - ask agent
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Affordability
Notes
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Visit our security centre to find out moreDisclaimer - Property reference NWL260107. 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 Whitegates, 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.