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18-19 Marks Lane 1,166 SF Retail Condo Unit Offered at $233,928 in Newark NG22 9YL
Investment Highlights
- Situated at the heart of the town centre
- Goo transport links
- Busy thoroughfare location
Executive Summary
The property comprises a building of masonry construction arranged over two floors offering retail accommodation within. Situated at the heart of the town centre in a busy thoroughfare location, St Marks Lane links the ASDA supemarket & car park with Stodman Street & town's historic Royal Market Place.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Sale Type | Investment |
| Tenure | Freehold |
Description
Town centre retail investment opportunity. Modern brick built shop unit with ground and first floor retail accommodation. Long established independent retail tenant. Ideal investment opportunity with long term potential for conversion of first floor accommodation.
Sale Notes
The property is offered for sale Freehold subject to and with the benefit of a new 10 year Full Repairing & Insuring lease at a rent of £13,000 p.a. + VAT subject to rent review and option to break on the 5th anniversary.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 18 | 1,166 SF | Retail | $233,928 ($200.62/SF) | - |
Unit 18
| Unit Size |
| 1,166 SF |
| Condo Use |
| Retail |
| Price |
| $233,928 ($200.62/SF) |
| NOI |
| - |
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Unit 18
| Unit Size | 1,166 SF |
| Condo Use | Retail |
| Price | $233,928 ($200.62/SF) |
| NOI | - |
| Sale Type | Investment |
| Tenure | Freehold |
| Description | |
| Town centre retail investment opportunity. Modern brick built shop unit with ground and first floor retail accommodation. Long established independent retail tenant. Ideal investment opportunity with long term potential for conversion of first floor accommodation.</li></ul> | |
| Sale Notes | |
| The property is offered for sale Freehold subject to and with the benefit of a new 10 year Full Repairing & Insuring lease at a rent of £13,000 p.a. + VAT subject to rent review and option to break on the 5th anniversary.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 6,136 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 473 SF |
| Property Subtype | Storefront | Year Built | 1955 |
| Building Class | B |
| Total Building Size | 6,136 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 473 SF |
| Year Built | 1955 |
Amenities
- Energy Performance Rating - E
- Storage Space
1 1
Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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18-19 Marks Lane
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