12 February 2025: Wednesday 12 February 2025 - 9:00am
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Floorplan
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    Key features

    • To be offered in 12th February Auction
    • Substantial Grade II listed retail parade
    • Arranged as 4 shops and ancillary accommodation
    • Well located in the town centre
    • Residential Development Potential of upper floors (subject to consents)
    • Arranged over 3,938 sq ft
    • VAT is not applicable
    • Investment let at £54,800 p.a. (11.91% GIY on Guide Price)

    Description

    The property is arranged over basement, ground and two upper floors to provide 4 shops, 3 of which are over ground floor only with the remainder arranged over basement and ground floor. Above is self-contained ancillary accommodation above.


    8 Boar Lane provides residential accommodation and there is a long lease in place.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please see the tenancy and accommodation schedule

    Total accommodation 362.88 sq m (3,938 sq ft)

    Tenancy

    Please see the tenancy and accommodation schedule

    Planning

    The upper parts may lend itself to redevelopment, subjec to the existing lease and obtaining all the necessary consents. All enquiries should be made with the local authority Newark & Sherwood District Council.

    Website: neward-sherwooddc.gov.uk

    Rent

    54800

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect

    the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack. 


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      • Newark-on-Trent is an attractive market town situated 17 miles north-east of Nottingham and 16 miles south-west of Lincoln
      • The property is situated at the junction of Boar Lane and Castle gate (B6166), in an established trading location in the town centre
      • Occupiers close by include Savers, PDSA, White Stuff and The Ram Restaurant amongst many others.
      Transport

      Road - The town is located at the junction of the A1 and A46 dual carriageways, giving good access in both north to south and east to west direction

      Rail - Newark Castle Station is 0.5 miles from the property and Newark Northgate Station is 0.7 miles

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums