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Central Buildings 8-10 Middle Gate 10,968 sq ft Retail Property Newark NG24 1AG £495,000 (£45.13/sq ft) 9.45% Net Initial Yield

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Investment Highlights

  • Pedestrian and delivery access off Castle Gate
  • Painted plaster walls and ceilings throughout.
  • Solid floor overlaid in tiles

Executive Summary

Middle Gate - £495,000 NIY - 9.45%

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
10,968 sq ft
Costar Property Class
B
Year Built
1885
Price
£495,000
Price per sq ft
£45.13
Yield
9.45%
NOI
£46,778
Tenancy
Single
Number of Floors
2
Plot ratio
0.78
Total Plot Size
0.32 ac
Frontage
52 ft on Middle Gate

Amenities

  • EPC - D
  • Storage Space

Nearby Major Retailers

Costa Coffee
Starbucks
Morrisons
NatWest Ltd
Barclays
Anytime Fitness
YMCA
Iceland
Santander
Lloyds Bank
  • Listing ID: 30752788

  • Date on Market: 24/01/2024

  • Last Updated:

  • Address: 8-10 Middle Gate, Newark NG24 1AG

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