Castlegate, Newark, Nottinghamshire, NG24 1XG

An exceptional investment opportunity in the heart of Newark on Trent, comprising a fully licensed and fully occupied HMO generating £64,000 to £66,000 per annum. The property spans 64–68 Castlegate and includes 11 bedsits with shared shower rooms across Nos. 64 and 66, 4 self contained flats at 68A, and a charming cottage at 68B. No. 68 also provides commercial premises, while the extended exterior area features a versatile cabin previously used as a nail bar and ice cream parlour. Each building benefits from a large undeveloped cellar, offering further potential. A rare chance to acquire a substantial, income producing residential and commercial holding in a prime central location.

A rare chance to acquire a high yielding, multi building HMO and commercial investment in one of Newark on Trent’s most central and sought after locations. Spanning 64–68 Castlegate, this fully licensed and fully occupied portfolio delivers a consistent annual income of £64,000, with clear scope for uplift through refurbishment, reconfiguration, or development of the extensive ancillary spaces. The residential element comprises 11 bedsits with shared shower rooms across Nos. 64 and 66, plus a substantial block of 4 self contained flats at 68A — a proven, high demand rental format. A charming cottage at 68B adds further flexibility, while No. 68 provides commercial premises, strengthening the income mix and reducing reliance on any single tenant type. The site also includes an extended exterior area with a fully serviced cabin, previously operated as a nail bar and ice cream parlour — ideal for micro business use or conversion to additional rental space. Each building benefits from a large, undeveloped cellar, offering significant potential for storage, amenity space, or future development (subject to consents). With its scale, location, occupancy stability, and multiple value add angles, this is an exceptional opportunity for investors seeking a robust, diversified asset with strong returns and long term growth potential.