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9-11 Castle Gate
Newark NG24 1AZ

Sketchley House · Retail Property For Sale

Mixed Use Properties Nottinghamshire Newark 9-11 Castle Gate, Newark, NTT NG24 1AZ

Investment Highlights

  • Fronts on to Castle Gate
  • Storage on the second floor
  • Grade II Listed building

Executive Summary

Sketchley House - £230,000 NIY - 9.35%
Let to Ringrose Law Solicitors on a 10 year lease from January 2022, with a tenant break option at the end of year 5 at a passing rent of £22,000 per annum. The lease is drawn on Internal Repairing and Insuring terms.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
2,590 SF
Building Class
B
Year Built
1890
Price
$290,477
Price Per SF
$112
Cap Rate
9.35%
NOI
$27,160
Tenancy
Single
Building Height
2 Stories
Building FAR
0.18
Lot Size
0.33 AC
Frontage
43 FT on Castle Gate

Amenities

  • Courtyard
  • Energy Performance Rating - D
 

  • Listing ID: 30752783

  • Date on Market: 1/24/2024

  • Last Updated:

  • Address: 9-11 Castle Gate, Newark NG24 1AZ

The Retail Property at 9-11 Castle Gate, Newark, NG24 1AZ is currently available for sale. Contact Eddisons Incorporating Banks Long & Co for more information.

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