Carter Gate

GUIDE PRICE: £240,000

AUCTION DATE: TUESDAY 28th JULY 2026
BIDDER REGISTRATION: BY 2pm MONDAY 27th JULY 2026
WHERE TO BID: Please ensure you are registered to bid on the Barnard Marcus Auctions website.
LEGAL PACK: Download from Barnard Marcus Auctions

Description
A great investment opportunity for a property that has been granted planning permission (23/00852/LBC) for ‘Change of use of front section of ground floor Pub to cafe/restaurant (Class E(b)). Rearrange internal layout to create 5 separate residential units and subdivide existing retail unit into 2 retail units. Remove atrium, erect new external staircase and minor internal and external alterations.’ The location is in the centre of Newark, ‘on the doorstep’ of a number of amenities and a thriving market town. Newark has train stations (Newark Northgate) with services running directly to Lincoln & London Kings Cross and (Newark Castle) running services directly to Nottingham & Derby.
Once the works have been completed the property will generate a very attractive revenue from 8 income streams. The residential units comprise 1x duplex 2 bedroom mews house split across the ground and first floor, 2x 2 bed apartment and 1x 1 bed apartment on the first floor, and a 1x 2 bed apartment to the second floor. The largest of the commercial units is accessed from Carter Gate and the other 2 commercial units are accessed via Balderton Gate.

Site
Comprising three neighbouring properties within Newark Town Centre which are Grade II listed. The buildings are located on the corner of Carter Gate and Balderton Gate. 3 Carter Gate is currently a public house, the White Hind Bar. 2 Balderton Gate adjoins the White Hind Bar and is a two-storey building with a shop to the ground floor and flat to the first floor. 4 Balderton Gate is also two storeys in height, with a retail unit to the ground floor and ancillary storage space to the first floor.

Planning Permission
23/00852/LBC
Newark & Sherwood District Council

EPC:
3 Carter Gate C 435 sq.m information taken from the EPC
2-4 Balderton Gate C 108 sq.m information taken from the EPC

Council Tax Band:
N/A

Tenure:
Freehold

Viewings:
Connells, 2 Watergate, Grantham NG31 6PR. Tel: 01476 590050 Email: [email protected]
By arrangement with the auctioneers - please see important advice for viewers on page 19 of this catalogue

FOR SALE VIA THE MIDLANDS AUCTION CENTRE IN ASSOCIATION WITH BARNARD MARCUS AUCTIONS TUESDAY 28th JULY 2026 AT 9.30AM AT THE DE VERE GRAND CONNAUGHT ROOMS, 61-65 GREAT QUEEN STREET, COVENT GARDENS, LONDON WC2B 5DA. YOU CAN ALSO REGISTER FOR ONLINE BIDDING.

CONDITIONS OF SALE
The Conditions of Sale will be deposited at the offices of the auctioneers and vendor’s solicitors seven days prior to sale and the purchaser shall be deemed to have knowledge of the same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn. The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Health & Safety Advice for Property Viewers.
Whilst the auctioneers make every effort to ensure the safety and security of viewers at lots, we have not carried out a detailed Health & Safety inspection of the lots in our auction and cannot therefore guarantee the safety and security of viewers. All persons attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds, outbuildings and boundaries. All unaccompanied inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers’ risk.
*Guide and Reserve Prices
Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
NOTE
The auctioneers offer four ways to bid including internet, telephone, proxy, and live room bidding. Prospective purchasers will need to register to bid and pay a holding deposit before the sale commences by registering at Barnard Marcus Auctions website. We do not take credit card or cash deposits. The sale of each lot is subject to a documentation charge of £1,800 (including vat) payable on the fall of the hammer.
Guidance notes are set out in the catalogue in relation to auction lots, particularly from a purchasing perspective.