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16 bedroom apartment for sale
64, 66, 68 (A,B,C) Castle Gate, Newark, Nottinghamshire, NG24 1BG
£650,000
64, 66, 68 (A,B,C) Castle Gate, Newark, Nottinghamshire, NG24 1BG
£650,000
Our Summary
- Total current rent reserved of circa £4,000 per month (ERV circa £70,000 pa) For Sale by Public Auction on 11/12/2025 at Trent Bridge Cricket Ground £650,000+ Prominent position fronting Castle Gate, Mill St & Lombard St In the heart of Newark Town Centre Opposite Castlegate Leisure and Restaurant complex A short walk from the Bus Station and ASDA supermarket Newark Castle, the River Trent & Parks located to the rear No
- 68 - 4 flats (separate bathrooms) Shop - vacant with potential for conversion (STP) Vacant cabin offering scope for conversion (STP) Cottage - 1 bedroom, diner, kitchen, shower room, lounge 3 x unconverted ground floor level cellars for 64, 66 & 68 Scope to convert vacant spaces/units for additional income A high yielding investment opportunity Viewings Contact Auction Estates on For further information please contact Auction Estates on
Description
This mixed-use property in the heart of Newark Town Centre consists of three adjoining buildings, including a shop, a vacant cabin, and a cottage, with a total of 16 bedrooms. The property generates a current rent of circa £4,000 per month, with an estimated rental value of circa £70,000 per annum. The shop and cabin offer potential for conversion, while the cottage has a single bedroom, diner, kitchen, shower room, and lounge. The property also features three unconverted ground floor cellars, providing scope for additional income. Located opposite Castlegate Leisure and Restaurant complex, a short walk from the bus station and ASDA supermarket, and near Newark Castle, the River Trent, and parks, this property presents a high-yielding investment opportunity.