23-25 Lombard Street, Newark On Trent, NG24 1XG

Location

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.

Summary

Key points

• £215,000 reflecting an NIY of 11.4% (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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