Property Information
Address:
23-25 Lombard Street, Newark On Trent
, NG24 1XG
Price: Buy: POA
Size: 1216 sq ft113 sqm
Primary Category: Investment
All Categories:
Investment, Office, Shop,
Property Ref/Movehut: MH691775
Property Ref/Agent: 8526
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: November 9, 2024
Property description
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
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