Summary - The Old Royal Mail Sorting Office Northgate, Newark NG24 1UT
1 bed 1 bath House
**Standout Features:**
- Freehold property with **54 apartments and 3 retail units**
- **Grade II Listed** building, recently renovated (2010)
- Strong income potential: **£54,000 annual rent from retail units**; approx. **£88,000 service charge income**
- **Prime location**: walking distance to Newark Northgate Railway Station (75 mins to London)
- **Historic charm**: Victorian industrial design with high ceilings and large arched windows
**Potential Concerns:**
- Costly service charge of **£88,473** annually
- Renovations or extensions may face challenges due to listed status
- Located in a **deprived area**, impacting investment perception
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Discover a remarkable investment opportunity with this beautifully restored Grade II Listed property situated in the heart of Newark. This prominent landmark, once the historic Warwick Brewery, now encompasses 54 leasehold apartments alongside three lucrative retail units generating a combined income of **£54,000 per annum**. The building's striking Victorian industrial design boasts high ceilings and arched windows, retaining its historical charm while providing modern living spaces.
Positioned just minutes from Newark Northgate Railway Station, this investment benefits from a growing local economy, with the town increasingly becoming a favored shopping destination. Enjoy substantial annual service charge income approximating **£88,473**. However, potential buyers should be aware of the extensive service charges and the challenges posed by the property's listed status, which may hinder renovation flexibility. This is a rare opportunity to own a piece of history while capitalizing on the area's promising growth—act quickly before it's gone!
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