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23 Mill Gate, Newark, Nottinghamshire, NG24 4TR

For Sale

  • Office
  • 2,266 Sq Ft
  • £335,000

Attractive Town Centre Office Investment For Sale

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Key Features

  • Freehold offices with car parking
  • Fully let to established charity tenant
  • Attractive listed building
  • Potential for future residential use (STP)

Property Description

The property is an attractive detached Grade II Listed building providing modular accommodation over 3 floors with private parking to the rear, for up to 8 cars.
Services
We understand that all mains services are available at the premises. Please note that the services have not been tested and prospective buyers should satisfy themselves as to the condition and suitability of the service by making their own enquiries.
Energy Perfomance
The current EPC rating for the property is D(89)
Business Rates
The property has a Rateable Value of £17,000 (w.e.f 01.04.2026).
VAT
VAT is not payable in respect of a sale of this property
Tenure
The property if offered for sale Freehold subject to, and with the benefit of, the existing tenancy. The property is let to Counselling And Support for Young People, a company Ltd by Guarantee, Registered in England and Wales No. 4310724, Reg Charity No.1092938. The existing lease is for a 5-year term expiring 21 November 2030 at a ent of £25,000 p.a. The lease contains a tenant option to break on the 3rd annversay of the term. A copy of the lease is available on request,

Accommodation

Name/FloorSq FtSq MAvailability
Ground Offices81475.62Available
1st Offices80274.51Available
2nd Offices & Stores65060.39Available
Total2,266210.52 

Location

Situated within a short walk from the town centre, the premises are located within the attractive Millgate Conservation Area which has benefited from much redevelopment in recent years and now consists of a pleasant mix of business, residential and leisure uses. Newark is an historic and thriving market town with a resident population in the order of 40,000 and a district population of around 90,000. The town is served with excellent communication links being situated at the A1, A46 & A17 trunk roads and with rail services via the East Coast main line to London and local services to the surrounding larger centres of Lincoln and Nottingham which are approximately 15 & 19 miles away respectively.

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