Summary - 109, High Street, Collingham, NEWARK NG23 7NG
1 bed 1 bath Retail Property (high street)
Large high-street asset with redevelopment upside in a well-connected village.
Annual income £25,680 from two tenants
A substantial mixed-use freehold on Collingham High Street, currently producing a combined annual income of £25,680 from two tenants. The ground-floor retail is fitted as a modern hair and beauty salon over two levels; to the rear is a substantial five-bedroom self-contained house with independent access, yard and off-street parking. The guide price of £375,000 reflects a net initial yield of approximately 6.6% and a capital value of about £115 psf.
The property’s strongest value drivers are its size (approximately 3,002 sq ft), prominent high-street frontage and rear outbuildings offering development potential (subject to planning). Good transport links — nearby A46/A1 and Collingham railway station with routes via Newark to London — support both retail footfall and residential demand in this well-regarded village location.
Important considerations: the rear outbuildings are vacant and would require planning permission (STPP) and investment to convert; parts of the residential accommodation show period character and likely need modernisation and remedial work in places. Broadband speeds are average and the asset will benefit from active asset management to increase income through redevelopment or re-letting.
This asset suits buyers seeking a mixed-use investment with near-term income and medium-term value uplift through refurbishment or conversion of the outbuildings. It offers scope for hands-on value creation rather than a passive, fully stable income play.
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