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28-32B Castle Gate, Newark, NG24 1BG 2 Properties Offered at £350,000 in Newark
Investment Highlights
- Guide price of £350,000 which reflects a net initial yield of 9.84% allowing for standard purchaser’s costs
- Long-term tenants in situ
- Re-development opportunity STP
- Total rental income of £35,785 per annum
- Mixed use investment
Executive Summary
28-32B Castle Gate occupies a prime position in the heart of Newark-on-Trent, an historic and well-connected market town in Nottinghamshire. The property is prominently situated on Castle Gate, one of Newark’s principal thoroughfares, benefiting from strong footfall and excellent visibility.
A charming Grade II Listed property comprising two distinct buildings offering a versatile mix of retail, office, residential, and workshop space.
28–30A Castle Gate: A prominent and characterful three-storey frontage building, providing flexible accommodation across ground, first and second floors. Currently used for retail, office, and residential purposes, with potential for alternative uses (subject to planning).
32A–32C Castle Gate: A separate two-storey brick building to the rear, currently operating as a workshop and microbrewery. Independently accessed via a private roadway, which also serves dedicated parking for both elements.
A charming Grade II Listed property comprising two distinct buildings offering a versatile mix of retail, office, residential, and workshop space.
28–30A Castle Gate: A prominent and characterful three-storey frontage building, providing flexible accommodation across ground, first and second floors. Currently used for retail, office, and residential purposes, with potential for alternative uses (subject to planning).
32A–32C Castle Gate: A separate two-storey brick building to the rear, currently operating as a workshop and microbrewery. Independently accessed via a private roadway, which also serves dedicated parking for both elements.
Property Facts
| Price | £350,000 | Status | Active |
| Price psf | £160.33 / sq ft | Number of Properties | 2 |
| Sale Condition | Portfolio Sale | Individually For Sale | 0 |
| Yield | 9.84% | Total Property Size | 2,183 sq ft |
| Sale Type | Investment | Total Land Area | 0.19 ac |
| Price | £350,000 |
| Price psf | £160.33 / sq ft |
| Sale Condition | Portfolio Sale |
| Yield | 9.84% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Property Size | 2,183 sq ft |
| Total Land Area | 0.19 ac |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Castlegate Art Studios
32A-32C Castle Gate, Newark NG24 1BG |
Office | 1,200 sq ft | 1903 | - |
| 28-30 Castle Gate, Newark NG24 1AZ | Retail | 983 sq ft | - | - |
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28-32B Castle Gate, Newark, NG24 1BG
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