Summary - 72-74, WEST GATE NG18 1RR
1 bed 1 bath Retail Property (high street)
Three-storey listed shop with parking and strong rental upside.
Freehold high-street retail building over three floors
A rare town-centre retail freehold offered at auction, this Grade II listed lock-up shop spans three floors and was formerly two units combined. The ground floor has a café/sandwich bar layout with seating; upper floors provide four rooms over first and second floors, suited to storage, staff accommodation or conversion to additional retail/showroom space. The property includes off-street car parking and a rear WC, and currently holds an EPC rating of B.
The building shows visible neglect to the exterior courtyard and will need renovation work to restore historic stone and brickwork; its listed status will control permitted alterations and could complicate refurbishment. The location is very central with excellent pedestrian footfall and strong rental potential, but the immediate area records very high crime and is classed as very deprived—factors that will affect lettability and insurance costs.
This lot will be sold via live-stream auction with additional purchase costs: a buyer’s premium, an administration charge, and possible other legal disbursements detailed in the legal pack. Suitable for an investor seeking a low-entry retail asset with upside from refurbishment, or an owner-occupier prepared to manage a listed renovation and the associated conservation constraints.
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