Auction House London

Lot 53

Commercial Property - Commercial Property 

21 & 21A Castlegate and 2, 4, 6 & 12 Boar Lane

Newark, Nottinghamshire, NG24 1AJ

Unsold, please refer to Auctioneer

A Substantial Grade II Listed Corner Building Comprising of Five Commercial Units Fully Let Producing £50,500 Per Annum. Potential for Re-Development of the Vacant Upper Parts (Subject to Obtaining all Relevant Consents)


The property comprises a substantial Grade II Listed corner building arranged over ground and two upper floors internally arranged to provide 5 ground floor retail units with 8 ancillary rooms to the first and second floors, complete with WC's and bathroom (not demised to ground floor commercial leases).




The property is situated in the historic city centre of Newark, close to local shops and amenities. Newark Castle and Gardens are within easy reach. Transport links are provided by Newark Castle rail station.


The Ancillary Rooms on the first and second floors are separate from the ground floor commercial units Lease terms. Offering potential for re-development (subject to obtaining all relevant consents)

Current rent Reserved £50,500 Per Annum

Accommodation Schedule

Property Floor Accommodation Lessee Lease Terms Current Annual Rent
21 Castlegate & 2 Boar Lane Ground 2 Retail Units Bodrum Kebab House 10 year FRI Lease from 1st September 2020 £16,000
21a Castlegate Ground Retail Unit Dragon City 20 year FRI Lease from 28th November 2003 £17,500
4-6 Boar Lane Ground (Double-fronted Unit) Retail Unit Beau & Brooke 5 year FRI Lease from 1st November 2019 £10,000
12 Boar Lane Ground Retail Unit KD Living Ltd 5 year FRI Lease from 1st February 2020 £7,000
Upper Parts of 21 & 21a Castlegate First & Second 8 Ancillary Rooms N/A N/A N/A

Joint Agent

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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Enquire about 21 & 21A Castlegate and 2, 4, 6 & 12 Boar Lane, Newark, Nottinghamshire, NG24 1AJ

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