Friary Fields, Friary Road, Newark

35 beds | 6 baths | 5 receptions | By auction £410,000


  • For Sale Via Auction
  • Exciting Investment Opportunity
  • Huge Development Potential
  • 6 Bathrooms, 5 Receptions, 35 Bedrooms
  • Basement Laundry Room & Lift
  • Parking & Communal Gardens
  • Opportunity To Create 9-13 Apartments
  • Freehold - EPC 'tbc'

Guide Price: £410,000. For Sale by Online Conditional Auction. For more information on the auction process please call SDL Auctions 0345 222 0197 or visit https://online.sdlauctions.co.uk/lot/details/14368.

Friary Fields is one of Newark's iconic town centre buildings, its a retired nursing home crying out for conversion to luxury town centre executive apartments, this beautiful building will create (subject to planning) 9 or more beautiful spacious apartments with plenty of parking and communal gardens. The accommodation is set over 3 floors with cellar rooms providing extra storage, the building has two staircases and also a lift. The current owners have sought planning advice for the conversion and a summary is available to view, however maximum value can be determined on density and therefore we recommend you view the current advice but you may wish to come up with your own scheme. The property also enjoys superb scope to be transformed into a one of a kind Victorian family home. Viewing is recommended to appreciate the size and stature of the building to also appreciate the potential on offer.

CLOSING DATE OF AUCTION: 29th of November 12pm.

AGENTS NOTE - DRAFT PARTICULARS
Please note these are draft particulars awaiting final approval from the vendor, therefore the contents within may be subject to change and must not be relied upon as an entirely accurate description of the property.

Although these particulars are thought to be materially correct, their accuracy cannot be guaranteed and they do not form part of any contract. All services and appliances have not and will not be tested.

Directions
From our office on Middle Gate, proceed down to the right onto Stodman Street, turn right onto Castle Gate, over mini roundabout up to traffic lights, turn right onto Queens Road, continue over mini roundabout, through pedestrian lights, past the police station on the left up to mini roundabout, turn right onto Friary Road and 'Friary Fields' will be identified by our for sale board.

Local Information - Newark
Situated on the banks of the River Trent, Newark is a picturesque town steeped in history. The ruins of Newark Castle have had a huge influence on the unique character of the town. Newark on Trent has many tourist attractions and has many events taking place on the showground, one of the biggest being the famous antiques fairs attracting visitors from all over the globe. Adjacent to the showground is the Newark Air Museum which also has open days to the public. There are many well known shops, boutiques, quaint restaurants and attractions in the town with the town's market place overlooked by the Georgian Town Hall. There is a fast track railway link to London Kings Cross from Newark North gate.

Services
Mains water, electricity, gas and drainage are connected.

Read more