Summary - 13, BALDERTON GATE NG24 1UE
1 bed 1 bath Retail Property (high street)
Small, visible retail unit ideal for independent traders or satellite displays.
Traditional Georgian shopfront with street-facing display window
A compact ground-floor retail unit with a traditional Georgian shopfront on Balderton Gate, just off Carter Gate in central Newark. The 191 sq ft sales area is street-facing with a display window and an ancillary rear area that houses a WC and hand basin. The freehold is offered at £45,000 and was previously let at about £525 pcm.
The unit suits an independent retailer, specialist kiosk, or a satellite display office that needs good pedestrian visibility in one of Newark’s main retail streets. Practical positives include fast broadband, excellent mobile signal and proximity to banks, cafes and a large mix of town-centre amenities that support steady footfall.
Notable limitations are the very small floor area and the need for modernisation to suit many contemporary retail uses. The wider area records very high crime levels, which may affect tenant demand and insurance costs. There is potential to create additional storage in the void above, but this would require any necessary planning and building regulation approvals.
The property is currently not liable for business rates, which could reduce initial running costs for a new occupier. Buyers or investors should allow for refurbishment and fit-out costs and check local security and insurance implications before committing.
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