Log In/Sign up
Your email has been sent.
Sketchley House 9-11 Castle Gate 2,590 sq ft Retail Property Newark NG24 1AZ £230,000 (£88.80/sq ft) 9.35% Net Initial Yield
Investment Highlights
- Fronts on to Castle Gate
- Storage on the second floor
- Grade II Listed building
Executive Summary
Sketchley House - £230,000 NIY - 9.35%
Let to Ringrose Law Solicitors on a 10 year lease from January 2022, with a tenant break option at the end of year 5 at a passing rent of £22,000 per annum. The lease is drawn on Internal Repairing and Insuring terms.
Let to Ringrose Law Solicitors on a 10 year lease from January 2022, with a tenant break option at the end of year 5 at a passing rent of £22,000 per annum. The lease is drawn on Internal Repairing and Insuring terms.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
2,590 sq ft
Costar Property Class
B
Year Built
1890
Price
£230,000
Price per sq ft
£88.80
Yield
9.35%
NOI
£21,505
Tenancy
Single
Number of Floors
2
Plot ratio
0.18
Total Plot Size
0.33 ac
Frontage
43 ft on Castle Gate
Amenities
- Courtyard
- EPC - D
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
Sketchley House | 9-11 Castle Gate
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.