Summary - 3 Queens Head Court NG24 1EL
1 bed 1 bath Apartment
Town-centre freehold with rental income and a large, remodelled apartment..
- Freehold mixed-use building in central Newark Market Square
- Retail unit producing £7,200 pa with three years of tenancy
- Large one-bedroom flat approx 780 sq ft, remodelled 2018
- Apartment has lift access, secondary glazing, internal insulation
- EPC: Apartment C, Retail unit F — commercial energy works likely
- Located in a high-crime, deprived area — may affect insurance
- Single mains supplies for building; shop may require upgrades
- Chain free for the residential unit; vacant possession possible
A rare freehold opportunity in Newark Market Square combining an income-producing retail unit and a spacious, recently remodelled one-bedroom apartment. The ground-floor shop is currently let to a bookseller with three years remaining, providing immediate rental income while the large first-floor apartment — fully refurbished in 2018 — offers strong letting or short-stay potential (Airbnb). Secondary glazing and internal wall insulation improve thermal and acoustic performance.
The apartment spans about 780 sq ft and benefits from lift access, a generous living room with glazed doors, a large kitchen/dining space, a double bedroom with built-in wardrobes and an ensuite wetroom. The property has mains gas central heating (boiler and radiators) and an EPC C for the flat; the retail unit carries an EPC F. Council tax band A keeps holding costs low for an owner-occupier or landlord.
This is a good pick for an investor seeking a town-centre asset with diversification: steady retail income plus a sizable, chain-free residential unit ready to let or use. Be aware the building sits in a very high-crime area and in a generally deprived ward, which may affect rental demand, insurance and management needs. The retail income is modest (£7,200 pa) and the shop’s EPC and tenant term should be considered when modelling returns.
Practical points: the property is constructed of solid brick with internal insulation and single mains supplies for utilities. The apartment was refurbished recently, but the commercial element may need investment to improve energy efficiency and long-term attractiveness. Viewing recommended to assess condition and income potential in person.
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