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152-160 Hawton Rd 661 SF Retail Condo Unit Offered at $246,917 in Newark NG24 4QQ
INVESTMENT HIGHLIGHTS
- Mixed-use freehold property in established Newark location.
- Communal parking and well-maintained structure with recent roof works.
- Reliable rental income with potential for future re-letting or owner occupation.
EXECUTIVE SUMMARY
This two-storey brick-built mixed-use property is located in a well-established residential and retail area of Newark, offering good visibility and accessibility. The location benefits from local footfall and proximity to amenities, making it suitable for continued retail use or alternative commercial purposes. The property is currently let, generating a gross income of £23,292 per annum, with the flat subject to an Assured Shorthold Tenancy and the retail lease expiring in August 2025.
PROPERTY FACTS
| Total Building Size | 2,500 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 1,250 SF |
| Property Subtype | Storefront | Year Built | 1980 |
| Building Class | C | Lot Size | 0.36 AC |
| Total Building Size | 2,500 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 1,250 SF |
| Year Built | 1980 |
| Lot Size | 0.36 AC |
1 UNIT AVAILABLE
Unit 152A & 152B
| Unit Size | 661 SF | Condo Use | Retail |
| Price | $246,917 | Sale Type | Investment |
| Price Per SF | $373.55 | Tenure | Freehold |
| Unit Size | 661 SF |
| Price | $246,917 |
| Price Per SF | $373.55 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
DESCRIPTION
The salon provides 661 sq.ft plus first floor staff room. The flat provides lounge, kitchen, two bedrooms and a bathroom. There is communal parking within the frontage area of the parade of shops.
SALE NOTES
A freehold investment comprising ground floor Class E retail/salon use and a first floor self-contained two bedroomed flat. The property is currently let to produce a gross income of £23,292 per annum exclusive. Offers in the region of £185,000.
Interior Photo
Interior Photo
Interior Photo
NEARBY MAJOR RETAILERS
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152-160 Hawton Rd
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