47-49 Balderton Gate, Newark, Nottinghamshire, NG24

This property features a two-storey retail space currently operating as an electronics store, with a total floor area of 86 sq m (926 sq ft). Positioned on Balderton Gate in Newark-on-Trent, it is located within a residential neighbourhood just a short distance from the town centre. The ground floor provides an open plan retail and office area, along with storage and restroom facilities. The first floor serves as ancillary space that can be reconfigured to suit various commercial or potential residential uses, particularly given its Class E zoning. With an established rental income of £5,980 per annum and future development possibilities subject to planning permission, this property presents significant investment potential. Furthermore, the existing tenant is secured with a three-year lease commencing May 2026, enhancing the investment stability while also opening avenues for refurbishment to elevate rental value or transition into residential units.