Substantial former maltings sold

FHP and Sanderson Weatherall acting jointly under instructions from BTG Restructuring have disposed of the former maltings property at 33 – 35 Northgate, Newark, Nottinghamshire, NG24 1HD.

The extensive property is constructed around a central courtyard and comprises a 3 storey Georgian House, a corner cottage and to the rear of the site, 3 storey maltings with stables and garage. In all the property extends to a gross internal area of 11278 ft².

Fronting Northgate there is a former ground floor retail shop with a flat above. There is a lapsed planning consent for conversion of the former maltings to 4 dwellings. The property is Grade II listed. The property was sold to Oak Tree Homes Limited for close to the asking price of £175,000. The purchaser intends to split the unit up into a number of flats for market lets subject to planning.