* Town Centre Retail Shop * 2 Self-Contained Flats * Separate Entrance * Sales/Ancillary Accommodation * 745 Sq.ft * First Floor 2 Bedroom Flat * Second Floor 1 Bedroom Flat * Excellent Investment Opportunity * Lease Back Option Available Read more
* Town Centre Retail Shop * 2 Self-Contained Flats * Separate Entrance * Sales/Ancillary Accommodation * 745 Sq.ft * First Floor 2 Bedroom Flat * Second Floor 1 Bedroom Flat * Excellent Investment Opportunity * Lease Back Option Available
Occupying a substantial frontage in this busy town centre trading area opposite to the National Civil War Centre, the property comrpises a retail shop with ancillary ground floor accommodation and two self-contained flats with separate entrance and currently let on shorthold tenancies. The property is ideal for owner occupation or investment.
The property is grade II listed and situated within the town Conservation Area. Newark and the immediate catchment area has a population of 35,000 and a district population of around 90,000. The town is generally considered affluent with thriving industry, commerce and relatively low unemployment. Significant growth is proposed in the Newark & Sherwood Strategy Plan with housing, industry and leisure south of the town incorporating the A46, A1 trunk road. Significant investment has taken place in the immediate area with the opening of the new national Civil War museum and the refurbishment of the popular Palace Theatre, both of which attract significant visitor numbers.
The property provides the following accommodation:
Ground Floor Sales Shop - 5.31m x 4.75m (17'5 x 15'7) - With tiled floor, front display window, panelled walls, suspended ceiling with lighting.
Preparation Room - 4.62m x 4.88m (15'2 x 16) - With tiled floor, refrigeration unit, two stainless steel hand sinks and twin bowl.
Outside Door - Fluorescent lighting and cupboard with the electric RCD consumer unit.
Kitchen - 4.85m x 1.88m (15'11 x 6'2) - With tiled floor, stainless steel double drainer sink unit, cupboard under the stairs and door the rear yard.
Store Room - 4.88m x 3.12m (16' x 10'3) - With fluorescent light, double doors to the rear yard.
Outside - Small rear yard and bin store.
Frontage access and a ground floor lobby with staircase to the two flats, 21A and 21B, Appleton Gate.
21A Appleton Gate -
First Floor Landing Area -
Sitting Room - 5.16m x 4.24m (16'11 x 13'11) - With two shuttered Georgian sash windows in the front elevation. Boarded fireplace, picture rail and double panelled radiator.
Kitchen - 4.75m x 4.34m (15'7 x 14'3) - With base units, wall cupboards, working surfaces, sink unit, double panelled radiator, two box sash windows, cupboard containing the independent gas fired central heating boiler providing the heating system for this flat.
Bedroom One - 3.96m x 2.59m (13' x 8'6) - With fitted wardrobe and radiator.
Bedroom Two - 3.25m x 3.05m (10'8 x 10') - With radiator.
Bathroom - 3.00m x 1.50m (9'10 x 4'11) - Bath with electric shower over, basin and low suite wc. Radiator.
21B Appleton Gate - A second floor flat and shared staircase.
Bathroom - 4.72m x 1.88m (15'6 x 6'2) - (First floor level). With bath, basin, low suite wc and radiator.
Sitting Room - 5.11m x 3.78m (16'9 x 12'5) - With hob typed fireplace, sash window, double panelled radiator.
Kitchen - 3.86m x 3.02m (12'8 x 9'11) - With base cupboards, wall cupboards, working surfaces, electric hob and oven. Stainless steel sink unit, radiator and box sash window.
Landing - Cupboard containing the gas fired central heating boiler providing an independent system for this flat.
Bedroom - 5.59m x 4.88m (18'4 x 16') - With dormer window and gable window (view of the church) double and single panelled radiators.
Agents Note - Lease Back Option - The current owner is prepared to lease the property back from the successful purchaser for a term of up to 2 years at a total.
Services - Mains water, electricity, gas and drainage are all connected to the property.
Rateable Value - The shop has a rateable value of £5,100. The two flats are rated band A for council tax purposes.
Energy Performance Certificate - The property is grade II listed and EPC exempt.
Tenure - The shop is offered with vacant possession and the flat subject to the existing shorthold tenancies.
Viewing - Strictly by appointment with the selling agents.