House of multiple occupation for sale

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House of multiple occupation for sale

Middle Gate, Newark, Nottinghamshire, NG24
£460,000

Price History

Initial price £495,000
02/11/25 £470,000
27/12/25 £460,000
Price Change -7.07%

Description

<|start_header_id|>assistant<|end_header_id|> Here is a summary of the property description in a single paragraph without a list: Openplan Real Estate Developments Limited is offering an attractive investment opportunity in the heart of Newark-on-Trent, comprising a fully let mixed-use property generating a gross rental income of £101,000 per annum. The property consists of three retail units on long leases and an 8-bedroom House in Multiple Occupation (HMO), providing a balanced and diversified income stream. The HMO is managed by an experienced third-party agent, while the retail units are overseen directly by the vendors. This 100% share sale offers significant savings on stamp duty, legal fees, and financing costs, and provides a tax-efficient and straightforward acquisition process. The property has a strong underlying asset value of £1.1M+, and there is a refinance opportunity to convert the bridging loan to a long-term mortgage, expected to improve net returns.