Last Updated: 06th Oct 2024
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.
£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
