Log In/Sign up
Your email has been sent.
18-19 Marks Lane 1,166 sq ft Retail Unit Offered at £175,000 in Newark NG22 9YL
Investment Highlights
- Situated at the heart of the town centre
- Goo transport links
- Busy thoroughfare location
Executive Summary
The property comprises a building of masonry construction arranged over two floors offering retail accommodation within. Situated at the heart of the town centre in a busy thoroughfare location, St Marks Lane links the ASDA supemarket & car park with Stodman Street & town's historic Royal Market Place.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Sale Type | Investment |
| Tenure | Freehold |
Description
Town centre retail investment opportunity. Modern brick built shop unit with ground and first floor retail accommodation. Long established independent retail tenant. Ideal investment opportunity with long term potential for conversion of first floor accommodation.
Sale Notes
The property is offered for sale Freehold subject to and with the benefit of a new 10 year Full Repairing & Insuring lease at a rent of £13,000 p.a. + VAT subject to rent review and option to break on the 5th anniversary.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 18 | 1,166 sq ft | Retail | £175,000 (£150.09/sq ft) | - |
Unit 18
| Unit Size |
| 1,166 sq ft |
| Unit Use |
| Retail |
| Price |
| £175,000 (£150.09/sq ft) |
| NOI |
| - |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 18
| Unit Size | 1,166 sq ft |
| Unit Use | Retail |
| Price | £175,000 (£150.09/sq ft) |
| NOI | - |
| Sale Type | Investment |
| Tenure | Freehold |
| Description | |
| Town centre retail investment opportunity. Modern brick built shop unit with ground and first floor retail accommodation. Long established independent retail tenant. Ideal investment opportunity with long term potential for conversion of first floor accommodation.</li></ul> | |
| Sale Notes | |
| The property is offered for sale Freehold subject to and with the benefit of a new 10 year Full Repairing & Insuring lease at a rent of £13,000 p.a. + VAT subject to rent review and option to break on the 5th anniversary.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 6,136 sq ft | Floors | 2 |
| Property Type | Retail (Unit) | Typical Floor Size | 473 sq ft |
| Property Subtype | Shopfront | Year Built | 1955 |
| Costar Property Class | B |
| Total Property Size | 6,136 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 473 sq ft |
| Year Built | 1955 |
Amenities
- EPC - E
- Storage Space
1 1
Nearby Major Retailers
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
18-19 Marks Lane
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.