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Barnby Gate - Barnby House Unités de condo • Commerce de détail • 773-2 751 pi² • À vendre 139 970 $-494 560 $ CAD par unité • Newark NG24 1PZ
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Great connectivity
- Prominent frontage
- Good location
RÉSUMÉ DE L'ANNONCE
Newark is an attractive market town situated 17 miles north-east of Nottingham and 16 miles south-west of Lincoln. The town is located at the junction of the A1 and A46 dual carriageways, giving good access in both north to south and east to west directions. Newark Northgate Station is 0.6 miles to the north-east of the property and provides direct trains to London and Leeds. The property is situated on the south side of Barnby Gate, between its junctions with Carter Gate and Guildhall Street, a short distance tothe east of the town centre. The rear of the property fronts Balderton Gate. Occupiers close by include Argos, Sports Direct, Cash Convertors and Oxfam amongst a range of local traders.
FAITS SUR LA PROPRIÉTÉ
| Taille totale du bâtiment | 14 835 pi² | Planchers | 3 |
| Type de propriété | Immeuble residentiel | Superficie de plancher typique | 917 pi² |
| Sous-type de propriété | Appartement | Année de construction | 1970 |
| Classe d’immeuble | B | Taille du lot | 0,18 AC |
| Taille totale du bâtiment | 14 835 pi² |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Classe d’immeuble | B |
| Planchers | 3 |
| Superficie de plancher typique | 917 pi² |
| Année de construction | 1970 |
| Taille du lot | 0,18 AC |
COMMODITÉS
COMMODITÉS DU SITE
- Espace d'entreposage
- Détecteur de fumée
4 UNITÉS DISPONIBLES
Unité Unit 1
| Taille de l’unité | 1 006 pi² | Type de vente | Investissement |
| Prix | 205 289 $ CAD | Ancienneté | Bail long |
| Prix par pi² | 204,06 $ CAD | Taux de capitalisation | 8,18% |
| Utilisation du condo | Commerce de détail | Revenu net d’exploitation | 16 796,39 $ CAD |
| Taille de l’unité | 1 006 pi² |
| Prix | 205 289 $ CAD |
| Prix par pi² | 204,06 $ CAD |
| Utilisation du condo | Commerce de détail |
| Type de vente | Investissement |
| Ancienneté | Bail long |
| Taux de capitalisation | 8,18% |
| Revenu net d’exploitation | 16 796,39 $ CAD |
DESCRIPTION
Property Description:
Comprises ground floor retail shop t/a Premier, providing the following accommodation and dimensions:
Ground Floor: 93.50 sq m (1,006 sq ft)
Open plan retail, storage, kitchen, wc
NOTES SUR LA VENTE
Investment Consideration:
Gross Initial Yield: 8.18%
Rental Income: £9,000 p.a.
VAT is applicable to this property
Comprises ground floor retail shop t/a Premier Convenience Store
Occupiers close by include Argos, Sports Direct, Cash Convertors, Oxfam and more.
Tenancy:
The property is at present let to an Individual t/a Premier for a term of 10 Years from 10th February 2021 at a current rent of £9,000 p.a. and the lease contains full repairing and insuring covenants. Rent review on 10.02.26 open market upward only. Tenant break option in 2026 NOT exercised.
Tenure:
Long Leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
Units 1, 2 & 3, 14 Barnby Gate Newark NG24 1PZ 2
Unité Unit 2
| Taille de l’unité | 773 pi² | Type de vente | Investissement |
| Prix | 177 295 $ CAD | Ancienneté | Bail long |
| Prix par pi² | 229,36 $ CAD | Taux de capitalisation | 8,50% |
| Utilisation du condo | Commerce de détail | Revenu net d’exploitation | 15 070,09 $ CAD |
| Taille de l’unité | 773 pi² |
| Prix | 177 295 $ CAD |
| Prix par pi² | 229,36 $ CAD |
| Utilisation du condo | Commerce de détail |
| Type de vente | Investissement |
| Ancienneté | Bail long |
| Taux de capitalisation | 8,50% |
| Revenu net d’exploitation | 15 070,09 $ CAD |
DESCRIPTION
Comprises ground floor retail shop t/a Tanning Studio, providing the following accommodation and dimensions:
Ground Floor: 71.84 sq m (773 sq ft)
Open plan retail, storage, kitchen, wc
Location:
Newark is an attractive market town situated 17 miles north-east of Nottingham and 16 miles south-west of Lincoln. The town is located at the junction of the A1 and A46 dual carriageways, giving good access in both north to south and east to west directions. Newark Northgate Station is 0.6 miles to the north-east of the property and provides direct trains to London and Leeds. The property is situated on the south side of Barnby Gate, between its junctions with Carter Gate and Guildhall Street, a short distance tothe east of the town centre. The rear of the property fronts Balderton Gate. Occupiers close by include Argos, Sports Direct, Cash Convertors and Oxfam amongst a range of local traders.
NOTES SUR LA VENTE
Investment Consideration:
VAT is applicable to this property
Comprises ground floor retail shop t/a Tanning Salon
Occupiers close by include Argos, Sports Direct, Cash Convertors, Oxfam and more.
Tenancy:
The property is at present let to an Individual t/a Tanning Salon for a term of 10 Years from 1st November 2020 at a current rent of £8,075 p.a. and the lease contains full repairing and insuring covenants. Rent review on 01.11.25 outstanding. Tenant break option in 2025 NOT exercised.
Tenure:
Long leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
Units 1, 2 & 3, 14 Barnby Gate Newark NG24 1PZ 3
Units 1, 2 & 3, 14 Barnby Gate Newark NG24 1PZ 4
Unité Unit 3
| Taille de l’unité | 972 pi² | Type de vente | Investissement |
| Prix | 139 970 $ CAD | Ancienneté | Bail long |
| Prix par pi² | 144,00 $ CAD | Taux de capitalisation | 9,60% |
| Utilisation du condo | Commerce de détail | Revenu net d’exploitation | 13 437,11 $ CAD |
| Taille de l’unité | 972 pi² |
| Prix | 139 970 $ CAD |
| Prix par pi² | 144,00 $ CAD |
| Utilisation du condo | Commerce de détail |
| Type de vente | Investissement |
| Ancienneté | Bail long |
| Taux de capitalisation | 9,60% |
| Revenu net d’exploitation | 13 437,11 $ CAD |
DESCRIPTION
Property Description:
Comprises ground floor retail shop t/a Hair Salon (currently used as storage), providing the following accommodation and dimensions:
Ground Floor: 90.30 sq m (972 sq ft)
Open plan retail, storage, kitchen, wc
Location:
Newark is an attractive market town situated 17 miles north-east of Nottingham and 16 miles south-west of Lincoln. The town is located at the junction of the A1 and A46 dual carriageways, giving good access in both north to south and east to west directions. Newark Northgate Station is 0.6 miles to the north-east of the property and provides direct trains to London and Leeds. The property is situated on the south side of Barnby Gate, between its junctions with Carter Gate and Guildhall Street, a short distance tothe east of the town centre. The rear of the property fronts Balderton Gate. Occupiers close by include Argos, Sports Direct, Cash Convertors and Oxfam amongst a range of local traders.
NOTES SUR LA VENTE
Investment Consideration:
Gross Initial Yield: 9.60%
Rental Income: £7,200 p.a.
VAT is applicable to this property
Comprises ground floor retail shop t/a Hair Salon
Occupiers close by include Argos, Sports Direct, Cash Convertors, Oxfam and more.
Tenancy:
The property is at present let to an Individual t/a Hair Salon (currently used as storage) for a term of 5 Years from 1st July 2023 at a current rent of £7,200 p.a. and the lease contains full repairing and insuring covenants. Tenant option to determine on 01.07.26 with min 6 months notice.
Tenure:
Long leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
Units 1, 2 & 3, 14 Barnby Gate Newark NG24 1PZ 5
Units 1, 2 & 3, 14 Barnby Gate Newark NG24 1PZ 6
Unité Units 1-3
| Taille de l’unité | 2 751 pi² | Type de vente | Investissement |
| Prix | 494 560 $ CAD | Ancienneté | Pleine propriété |
| Prix par pi² | 179,77 $ CAD | Taux de capitalisation | 9,16% |
| Utilisation du condo | Commerce de détail | Revenu net d’exploitation | 45 303,59 $ CAD |
| Taille de l’unité | 2 751 pi² |
| Prix | 494 560 $ CAD |
| Prix par pi² | 179,77 $ CAD |
| Utilisation du condo | Commerce de détail |
| Type de vente | Investissement |
| Ancienneté | Pleine propriété |
| Taux de capitalisation | 9,16% |
| Revenu net d’exploitation | 45 303,59 $ CAD |
DESCRIPTION
Property Description:
The property comprises retail parade of 3 ground floor shops (14 Barnby Gate) with residential upper parts (sold-off) and retail premises at 15 Balderton Gate (sold-off), providing the following accommodation and dimensions:
No: 14 Barnby Gate
Ground Floor Unit 1: 93.50 sq m (1,006 sq ft)
Open plan retail, storage, kitchen, wc
Ground Floor Unit 2: 71.84 sq m (773 sq ft)
Open plan retail, storage, kitchen, wc
Ground Floor Unit 3: 90.30 sq m (972 sq ft)
Open plan retail, storage, kitchen, wc
First/Second Floor Residential Block: Sold-off
No: 15 Balderton Gate
Ground/First Floor Retail Premises: Sold-off
Total Retail GIA: 255.64 sq m (2,751 sq ft)
Location:
Newark is an attractive market town situated 17 miles north-east of Nottingham and 16 miles south-west of Lincoln. The town is located at the junction of the A1 and A46 dual carriageways, giving good access in both north to south and east to west directions. Newark Northgate Station is 0.6 miles to the north-east of the property and provides direct trains to London and Leeds. The property is situated on the south side of Barnby Gate, between its junctions with Carter Gate and Guildhall Street, a short distance tothe east of the town centre. The rear of the property fronts Balderton Gate. Occupiers close by include Argos, Sports Direct, Cash Convertors and Oxfam amongst a range of local traders.
NOTES SUR LA VENTE
Investment Consideration:
VAT is applicable to this property
Comprises retail parade of 3 retail shops (14 Barnby Gate) with residential upper parts above (sold-off) and retail premises at 15 Balderton Gate (sold-off)
Units 1 & 2 let until 2030/2031. No breaks. Rent reviews in 2025/2026.
Occupiers close by include Argos, Sports Direct, Cash Convertors, Oxfam and more.
Tenancy:
Unit 1 (14 Barnby Gate) is at present let to an Individual t/a Premier for a term of 10 Years from 10th February 2021 at a current rent of £9,000 p.a. and the lease contains full repairing and insuring covenants. Rent review on 10.02.26 open market upward only. Tenant break option in 2026 NOT exercised.
Unit 2 (14 Barnby Gate) is at present let to an Individual t/a Tanning Salon for a term of 10 Years from 1st November 2020 at a current rent of £8,075 p.a. and the lease contains full repairing and insuring covenants. Rent review on 01.11.25 outstanding. Tenant break option in 2025 NOT exercised.
Unit 3 (14 Barnby Gate) is at present let to an Individual t/a Hair Salon (currently used as storage) for a term of 5 Years from 1st July 2023 at a current rent of £7,200 p.a. and the lease contains full repairing and insuring covenants. Tenant option to determine on 01.07.26 with min 6 months notice.
First/Second Floor Residential Parts (14 Barnby Gate) have been sold-off on long leasehold for a term of 999 Years from 21st August 2015 at a ground rent of peppercorn.
Retail Premises (15 Balderton Gate) have been sold-off on long leasehold for a term of 999 Years from 9th March 2015 at a ground rent of peppercorn.
+3 Plus
Units 1, 2 & 3, 14 Barnby Gate Newark NG24 1PZ 1
Units 1, 2 & 3, 14 Barnby Gate Newark NG24 1PZ 2
Units 1, 2 & 3, 14 Barnby Gate Newark NG24 1PZ 3
Units 1, 2 & 3, 14 Barnby Gate Newark NG24 1PZ 4
Units 1, 2 & 3, 14 Barnby Gate Newark NG24 1PZ 5
Units 1, 2 & 3, 14 Barnby Gate Newark NG24 1PZ 6
Units 1, 2 & 3, 14 Barnby Gate Newark NG24 1PZ plot
Units 1, 2 & 3, 14 Barnby Gate Newark NG24 1PZ location
Présenté par
Barnby Gate - Barnby House
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