Multi-Let Investment in a prominent city centre location. The property comprises 3 retail units fronting Cowgate, offices above and further detached and semi-detached offices and clinic premises to the rear. Majority let and producing £170,195 per annum. Scope for partial redevelopment, particularly with regards 28-30 Cowgate.
The properties comprise a substantial range of buildings fronting both Castle Gate and Middle Gate, within the centre of the well regarded market town of Newark-on-Trent.
Sketchley House fronts on to Castle Gate and is a Grade II Listed building, providing office accommodation over ground and first floor levels with storage on the second floor. This building is occupied by well regarded local solicitors Ringrose Law.
Behind this and leading through on to Middle Gate sit Central Buildings, which also have a pedestrian and delivery access off Castle Gate, with predominantly single storey accommodation, with brick elevations under a pitched roof. The front section of Central Buildings on to Middle Gate is of two storey brick construction under a pitched tiled roof and incorporates a separate self-contained entrance off Middle Gate leading to a suite of offices that are occupied by a local Financial Adviser, albeit the owners have previously secured Planning Permission for the conversion of this space into 1 x one bedroom and 1 x two bedroom apartments. Plans are available showing the proposed layout for this scheme
Central Buildings are predominantly occupied by the Yorkshire Trading Company, who occupy the whole of the ground floor, the majority of which is used for retailing. Internally, this accommodation has a solid floor overlaid in tiles, painted plaster walls and a suspended acoustic tiled ceiling.
The first floor office accommodation fronting Middle Gate has recently been refurbished by the Vendor in advance of the letting and has a solid floor overlaid in carpet and tile with painted plaster walls and ceilings throughout.
The property comprises a mid-terrace three storey period office building of brick wall construction with a parapet roof. The building benefits from a double frontage onto Market Hill, and a separate rear car park providing parking for approximately 6 vehicles.
The front door from the Market Square leads to an entrance lobby through to a reception with stairs to the first floor and separate WC. To the rear of the reception is an open plan office with access to the rear car park, and a further strong room/file store.
The first floor comprises an open landing with further stairs leading to the second floor, doors off to three offices at the front of the building, an open landing and three further offices, kitchen and WC at the rear.
The third floor comprises three offices overlooking the Market Square accessed off a central landing.
To the rear is an enclosed and gated car park accessed via Chapel Lane, providing parking for approximately 6 cars.
Superb Former Nursery With Development Opportunity.
Suitable for a variety of uses including nursery, office etc (STP).
Large external area to the rear.
Popular position off Wakefield Road (A650).
Superb Iconic Office Block Investment.
Rare investment and part owner occupier opportunity.
Part let to The Furness Partnership Ltd (business unaffected).
2,939 sq ft of vacant space.
Dedicated on site parking.
A mid-terrace building of rendered brick wall construction under a tiled roof, with accommodation over four floors.
The frontage onto Market Hill is double fronted, with each side of the building benefiting from its own pedestrian access and a shop front display window.
The building is currently configured with a large reception area with each floor being divided into several offices. There is potential for a range of uses (STP). There are two kitchens at either end of the building as well as several male and female WC facilities. The property also benefits from period features including a main stairway.