£300,000

Property for sale

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Freehold

£300,000

(£246.71/sq. ft)

Property for sale

Lombard Street, Newark NG24

1,216 sq. ft

Local area information

Property location

Nearby amenities

  • Christ Church CofE Infant & Nursery School 0.2 miles
  • Catch 22 (SEN) 0.2 miles
  • Newark Castle 0.4 miles
  • Newark North Gate 0.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
  • £300,000 reflecting an niy of 8.09% (No VAT)
  • Currently let at £25,000 pax until November 2033
  • Ground and part first floor let to Let It Limited (20 years in situ)
  • Nearby occupiers include an Asda superstore, Travelodge and Newark Bus Station
The property comprises a 3 storey terraced building along the primary thoroughfare through Newark. The ground and first floor fronting Lombard Street is currently occupied by an estate agent and benefits from a fully glazed frontage, wooden flooring, LED spot lighting as well as a fully carpeted first floor.

The remainder of the property comprises 6 flats which have been sold long leasehold and currently pay an annual ground rent of a peppercorn.

More information

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  1. Zoopla
  2. Commercial for sale
  3. Nottinghamshire
  4. Newark
  5. Lombard Street

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