Retail in NG24

Barnby Gate, Newark, Nottinghamshire, NG24 1QZ

Brochure

Tenure: Freehold

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Starting bid£130,000

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Key Information

Parking: Off Street

Property features

Town Centre Commercial Property & Commercial Building Plot To The Rear
Off Road Parking to the rear
Currently A Popular Hair and Beauty Salon
Investment Opportunity - Selling Due to Retirement
Busy Residential Area
Planning Permission For Single Storey Commercial Building to the rear

Retail in NG24

For sale via auction - fees, terms and conditions apply.

Presenting an exceptional investment opportunity in the heart of the town centre, this well-established commercial property, currently operating as a popular hair and beauty salon, is now available for sale due to retirement. Situated in a bustling residential area, the property benefits from high footfall and excellent visibility, making it an ideal choice for investors and business owners seeking a prime location.

The main building is thoughtfully arranged to accommodate a range of commercial uses, with bright and welcoming interiors that have been maintained to a high standard, reflecting its ongoing success as a salon. To the rear of the property, off-road parking is provided (a valuable asset for both staff and clients), enhancing convenience and accessibility. Additionally, the sale includes a commercial building plot to the rear, where foundations have already been laid, and comes with granted planning permission for the construction of a single storey commercial building (offering considerable scope for expansion or additional rental income). There is also planning permission for a change of use to residential for the salon. This unique combination of an existing, income-generating business premises and a development opportunity sets the property apart as a versatile and compelling proposition.

The property is offered for sale by the modern auction method, allowing for a transparent and efficient transaction process, with the added advantage of immediate exchange of contracts available. Investors will appreciate the flexibility to continue the current business or reconfigure the space to suit a variety of commercial enterprises, capitalising on the area’s ongoing growth and vibrant community.

The proximity to the town centre ensures excellent transport links and amenities, supporting sustained demand for commercial space in this sought-after location. Whether you are looking to expand your portfolio, establish a new business, or develop the rear plot for further commercial use, this property represents a rare chance to secure a foothold in a thriving market.

Early viewing is highly recommended to fully appreciate the potential and versatility on offer. For further information or to arrange a viewing, please contact our office at your earliest convenience. This is a rare opportunity to acquire a prominent commercial property with significant development prospects, ideal for investors and owner-occupiers alike. Do not miss your chance to secure this prime town centre investment, offered with vacant possession and ready for immediate progression to contract exchange.

The Interactive Property Report can be viewed on the following web portals, UNDER THE VIRTUAL TOUR TAB on Rightmove, Zoopla, and On The Market. FURTHER MATERIAL INFORMATION FOR THIS PROPERTY can be found within the report and includes a wealth of material including information on - Title Plan and Plot, Maps, House Price Statistics, Flood Risk, Media Availability, In depth Local School Information, Transport Links, etc.

Please note we have not inspected this property.

Location

Situated in a bustling residential area, the property benefits from high footfall and excellent visibility, making it an ideal choice for investors and business owners seeking a prime location.

Accommodation

The main building is thoughtfully arranged to accommodate a range of commercial uses, with bright and welcoming interiors that have been maintained to a high standard, reflecting its ongoing success as a salon. To the rear of the property, off-road parking is provided (a valuable asset for both staff and clients), enhancing convenience and accessibility. Additionally, the sale includes a commercial building plot to the rear, where foundations have already been laid, and comes with granted planning permission for the construction of a single storey commercial building (offering considerable scope for expansion or additional rental income). This unique combination of an existing, income-generating business premises and a development opportunity sets the property apart as a versatile and compelling proposition.

Tenure

Freehold, title numbers NT596602 and NT298985

EPC

Rating B.

Additional Information

For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

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