Commercial property for sale in William Street, Newark NG24

From £695,000 (£93.45/sq. ft)
Interested in this property? Call +44 1664 518993 * or Request Details

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Commercial property for sale

From 7,437 - 15,766 sq. ft*

Property description

Key Points

  • 11-bedroom HMO property for sale in Newark
  • Residential & Commercial income £87,120 gross
  • Current Landlord costs circa £25 - £26k per annum. Net Income Circa £61 - £62k per annum.
  • Ground floor commercial unit let to 2 tenants
  • Description

    Set within a converted former brewery, the building is over 2 floors under a pitched roof. The accommodation has been fully renovated over the last 3 years and offers 11 bedrooms with dedicated en-suite/bathroom with shared kitchen facilities. Security gates to the front leading to the enclosed courtyard and giving access to the remaining brewery space which occupies the lower ground and ground floor space in part of the building.

    Location

    Newark is a thriving market town located at the junction of the A1, A46 and A17, approximately 20 miles Northeast of Nottingham and 14 miles South of Lincoln. It has rapid rail services to London, being on the main East coastline and regional services from both of its two Railway stations.

    Viewings

    Strictly by prior appointment via the sole agents P & F Commercial Tel: Or via email

    Availability_Text

    First floor flat 1, comprising: - 4 bedrooms, open plan living room, large kitchen diner - 3 bedrooms are en suite with the 4th bedroom having an exclusive bathroom across the hall, this flat has several large storage areas.
    First floor bedrooms, comprising 4 en suite bedrooms with shared ground floor kitchen.
    Ground floor bedrooms - comprising 3 en suite bedrooms with shared kitchen.
    Brewery space - roller shutter door - offers medium term potential for further residential conversion.

    Services

    We are advised that all mains’ services are connected to the property. These services have not been inspected or tested by the agent.

    Parking

    Car parking within the courtyard for 2/3 cars, this space is typically used by the brewery and residential tenants are not offered any exclusive parking spaces.

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

    Arrange Viewing

    For more information about this property, please contact
    P & F Commercial, LE15 on +44 1664 518993 * (local rate)

    Contact P & F Commercial about this property

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by P & F Commercial, and do not constitute property particulars. Please contact P & F Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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