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28 - 32B Castle Gate, Newark, Nottingham, NG24 1BG - Image 1
28 - 32B Castle Gate, Newark, Nottingham, NG24 1BG - Image 2
28 - 32B Castle Gate, Newark, Nottingham, NG24 1BG - Image 3
28 - 32B Castle Gate, Newark, Nottingham, NG24 1BG - Image 4
28 - 32B Castle Gate, Newark, Nottingham, NG24 1BG - Image 5

28 - 32B Castle Gate, Newark, Nottingham, NG24 1BG

East Midlands

£350,000
Listed on 13/05/2026

Property Details

Bedrooms
4
Type
Commercial Property

Description

This Grade II Listed property presents an exciting investment opportunity, featuring two separate structures with a mix of retail, office, residential, and workshop spaces. The prominent three-storey building at 28–30A Castle Gate boasts a characterful façade and offers flexible accommodation across its ground, first, and second floors. Currently utilized for various purposes, there is significant potential for alternative usage options pending planning consent. The rear building, 32A–32C Castle Gate, is a two-storey brick structure that functions as both a workshop and microbrewery. It benefits from its own entrance via a private roadway, ensuring dedicated access and parking for multiple uses. Situated in the heart of Newark-on-Trent—an established market town in Nottinghamshire—this property enjoys excellent visibility on one of the town's major thoroughfares with substantial foot traffic. With some refurbishment and creative vision, this versatile space could be transformed to meet modern demands while preserving its historical charm.

Investment Analysis

(NG24 area)
Area Average
£231/sq ft
Avg Rent (weekly)
£188
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (NG24)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -0.4%
5 year growth: +14.6%
Investment Disclaimer: Analysis based on NG24 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

28 - 32B Castle Gate, Newark, Nottingham, NG24 1BG
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,249
Based on a loan of £262,500 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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