Retail premises for sale

Barnby Gate, Newark NG24

Summary

For sale via auction - fees, terms and conditions apply.

Presenting an exceptional investment opportunity in the heart of the town centre, this well-established commercial property, currently operating as a popular hair and beauty salon, is now available for sale due to retirement. Situated in a bustling residential area, the property benefits from high footfall and excellent visibility, making it an ideal choice for investors and business owners seeking a prime location.

The main building is thoughtfully arranged to accommodate a range of commercial uses, with bright and welcoming interiors that have been maintained to a high standard, reflecting its ongoing success as a salon. To the rear of the property, off-road parking is provided (a valuable asset for both staff and clients), enhancing convenience and accessibility. Additionally, the sale includes a commercial building plot to the rear, where foundations have already been laid, and comes with granted planning permission for the construction of a single storey commercial building (offering considerable scope for expansion or additional rental income). There is also planning permission for a change of use to residential for the salon. This unique combination of an existing, income-generating business premises and a development opportunity sets the property apart as a versatile and compelling proposition.

The property is offered for sale by the modern auction method, allowing for a transparent and efficient transaction process, with the added advantage of immediate exchange of contracts available. Investors will appreciate the flexibility to continue the current business or reconfigure the space to suit a variety of commercial enterprises, capitalising on the area's ongoing growth and vibrant community.

The proximity to the town centre ensures excellent transport links and amenities, supporting sustained demand for commercial space in this sought-after location. Whether you are looking to expand your portfolio, establish a new business, or develop the rear plot for further commercial use, this property represents a rare chance to secure a foothold in a thriving market.

Early viewing is highly recommended to fully appreciate the potential and versatility on offer. For further information or to arrange a viewing, please contact our office at your earliest convenience. This is a rare opportunity to acquire a prominent commercial property with significant development prospects, ideal for investors and owner-occupiers alike. Do not miss your chance to secure this prime town centre investment, offered with vacant possession and ready for immediate progression to contract exchange.

The Interactive Property Report can be viewed on the following web portals, under the virtual tour tab on Rightmove, Zoopla, and On The Market. Further material information for this property can be found within the report and includes a wealth of material including information on - Title Plan and Plot, Maps, House Price Statistics, Flood Risk, Media Availability, In depth Local School Information, Transport Links, etc.

Please note we have not inspected this property.

Location

Situated in a bustling residential area, the property benefits from high footfall and excellent visibility, making it an ideal choice for investors and business owners seeking a prime location.

Accommodation

The main building is thoughtfully arranged to accommodate a range of commercial uses, with bright and welcoming interiors that have been maintained to a high standard, reflecting its ongoing success as a salon. To the rear of the property, off-road parking is provided (a valuable asset for both staff and clients), enhancing convenience and accessibility. Additionally, the sale includes a commercial building plot to the rear, where foundations have already been laid, and comes with granted planning permission for the construction of a single storey commercial building (offering considerable scope for expansion or additional rental income). This unique combination of an existing, income-generating business premises and a development opportunity sets the property apart as a versatile and compelling proposition.

Tenure

Freehold, title numbers NT596602 and NT298985

EPC

Rating B.

Additional Information

For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.