Summary - 152, HAWTON ROAD, NEWARK NG24 4QQ
1 bed 1 bath Commercial Property
Income-producing shop and flat with refurbishment upside and 9% gross yield potential..
Freehold mixed-use: ground-floor Class E and first-floor flat
A freehold mixed‑use investment on Hawton Road comprising a ground-floor Class E retail unit (former hair salon) and a self-contained first-floor flat. The property is substantially built, with a recently overhauled rubber-coated roof and double glazing; it currently produces a gross income around £23,292 per year with an indicated gross yield of approximately 9% at the asking price.
The ground floor offers about 661 sq.ft trading area, tiled floors, suspended ceiling and basic services — suitable for a salon, boutique or similar operator but needing cosmetic updating and new fixed fittings to modernise trading space. The flat provides lounge, kitchen, two bedrooms and a bathroom and is let on an Assured Shorthold Tenancy; the commercial lease expires in August 2025, so vacant possession or a new tenancy will depend on timing.
Practical positives include mains gas, mains services, communal/off-street parking to the parade frontage and good local footfall in a densely populated catchment. Buyers should note the EPCs (C and E), presence of night storage/heater type heating and assumed cavity walls with no added insulation, which may limit energy performance without further investment. This is a straightforward income-producing asset with scope for rental uplift or light refurbishment to increase value.
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