Commercial Property for sale in Newark Book a Property Valuation

Kirk Gate, Newark


Price £220,000

Ref: 28903360
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Overview

Commercial Property for sale in Kirk Gate, Newark

A freehold investment comprising two retail shops let on lease together with the reversionary interest into residential flats, forming as a whole the freehold interest in 37 and 39 Kirkgate.The shops are let to produce a gross annual income of £19,200 per annum, each on a three year lease. The flats each yield a ground rent of £100 per annum which doubles every 25 years, and there are services charges to each flat.The property a listed building is situated in a busy trading area within the town centre area of Newark. The asking price reflects a gross yield of just under 9%.Newark has a population of approximately 35,000 and an important catchment area of a further 115,000 approximately. Ther... Read more

Key info

  • Commercial Investment & Residential Reversion
  • Two Let Shop Units
  • Two Long Leasehold Flats
  • Fully Let Producing £19,200 Per Annum
  • Shops Let On Lease To 2023
  • Flats Freehold Reversion 125 Years
  • Town Centre Location
  • Gross Yield 9% Approximately

Sorry! There are no available floor plans for this property.

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