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House of multiple occupation for sale
Middle Gate, Newark, Nottinghamshire, NG24
£495,000
Middle Gate, Newark, Nottinghamshire, NG24
£495,000
Our Summary
- Investment Opportunity - Middle Gate, Newark Guide Price: £495,000 (100% Share Sale) Business Reference: GO4516 EXECUTIVE SUMMARY Openplan Real Estate Developments Limited presents an attractive investment opportunity in the heart of Newark-on-Trent
- Total Gross Revenue: £101,000 per annum FINANCIAL PERFORMANCE Gross Rental Income: £101,000 per annum Net Profit (after finance): £43,876 per annum Estimated Asset Value: £1,130,000 Outstanding Liabilities: £689,000 bridging loan (currently being refinanced into a long-term mortgage to reduce finance costs and secure stability) The refinance offers scope for enhanced profitability and improved cashflow for the incoming investor
- Genuine sale driven by owners' emigration, creating a timely investment opportunity
Description
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Here is a summarized version of the property description in a single paragraph:
A unique investment opportunity is presented in the heart of Newark-on-Trent, with Openplan Real Estate Developments Limited offering a 100% share sale of a fully let mixed-use property on Middle Gate. The property generates a gross rental income of £101,000 per annum from three retail units on long leases and an 8-bedroom House in Multiple Occupation (HMO), managed by an experienced third-party agent. With a diversified income stream, a strong underlying property asset value of £1.1M+, and a refinance opportunity to improve net returns, this investment offers a low-maintenance and hands-off structure, with professional property management in place. The property benefits from excellent transport links, a vibrant town centre location, and a strong local economy, making it an attractive investment opportunity for those looking to capitalize on Newark's growth potential.