Mill Gate, Newark £70,000

  • front
    front
  • lounge
    lounge
  • lounge pic 2
    lounge pic 2
  • kitchen
    kitchen
  • bedroom
    bedroom
  • bathroom
    bathroom
  • rear view
    rear view
  • parking
    parking
  • Duplex Apartment currently tenanted
  • Ideal Investment
  • Spacious living room
  • Generous double bedroom
  • Kitchen
  • Bathroom
  • Allocated off street parking
  • Close town centre

Currently tenanted with a monthly rental of £425, creating an ideal investment with a yield of 7% against the asking price. This duplex apartment is situated within the popular Conservation area of Mill Gate in Newark, close to the town centre and train stations. The apartment has a spacious living room, generous double bedroom, kitchen, bathroom, gas heating and allocated off street parking.


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Mill Gate
Newark NG24 4TR
County: Nottinghamshire
Sale Type: For Sale
Reference: 00004203
Gemma Mable
Jon Brambles Newark

P: 01636 613513

Situation

Newark-on-Trent stands on the banks of the River Trent and is a market town steeped in history with a dramatic castle and one of the finest Georgian market squares in the UK. The town has excellent commuter links in all directions by both road and rail, with the East Coast Mainline trains taking just 85 minutes to London Kings Cross, and the A1 and A46 providing good road links. Newark boasts some superb shopping facilities, from individual boutique shops to major retail stores, and an array of markets held 5 days a week. There is a wide range of excellent schooling in the area, and leisure facilities are plentiful including a fine choice of restaurants and bars, fitness centres, golf courses and easy access to Sherwood Forest and Southwell Racecourse.

Accommodation

The property has a storm porch with tiled flooring, a light fitting and gas meter housing. A part obscure glazed upvc door leads into the entrance hallway.

Entrance Hallway

The entrance hallway has the staircase rising to the first floor, carpeted flooring and a ceiling light fitting.

First Floor Landing

The landing has carpeted flooring, a ceiling light fitting and doors leading to the living room and the bathroom.

Living Room

18' 11'' x 12' 5'' (5.76m x 3.78m) (maximum measurements)

The living room has a window to the side elevation and a skylight window to the rear elevation. There is carpeted flooring, a ceiling light fitting, exposed original beams, two wall mounted gas heaters and a television point. From the living room there are stairs rising to the bedroom and a door leading to the kitchen.

Kitchen

10' 2'' x 7' 5'' (3.10m x 2.26m) (maximum measurements)

The kitchen is fitted with a range of low level units with roll edge work surfaces. There is a moulded sink and draining board with a window to the front aspect over the sink area. The kitchen has provision for an upright fridge freezer, a free standing electric cooker and a washing machine. In addition there are partial tiled splash backs, a ceiling light fitting and vinyl tiled flooring.

Bedroom

13' 2'' x 10' 8'' (4.01m x 3.25m)

The bedroom has a skylight window to the front aspect and a window to the side elevation. There is also carpeted flooring, a ceiling light fitting and access to the loft.

Bathroom

6' 8'' x 5' 4'' (2.03m x 1.62m)

The bathroom is fitted with a suite comprising panelled bath with mixer tap and wall mounted electric shower over, pedestal hand wash basin and WC. The room has part ceramic tiled walls, vinyl tiled floor covering, a ceiling fitting and an obscured glazed window to the front aspect.

Outside

There is allocated parking for one vehicle.

Council Tax

The property is in Band A.

Tenure / Ground Rent

The tenure of the property is leasehold on a 99 year lease from 31 January 1985, with approximately 65 years currently remaining. We have been informed by the vendor that there is a current ground rent of £20 per annum.

1    1    1
Mill Gate
Newark NG24 4TR
County: Nottinghamshire
Sale Type: For Sale
Reference: 00004203
Gemma Mable
Jon Brambles Newark

P: 01636 613513

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1    1    1
Mill Gate
Newark NG24 4TR
County: Nottinghamshire
Sale Type: For Sale
Reference: 00004203
Gemma Mable
Jon Brambles Newark

P: 01636 613513
Name Location Type Distance