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23-25 Lombard St
Newark NG24 1XG

Office Property For Sale

Office Space Nottinghamshire Newark 23-25 Lombard St, Newark, NTT NG24 1XG

Investment Highlights

  • Currently let at £25,000 pax until November 2033
  • Nearby occupiers include an Asda superstore, Travelodge and Newark Bus Station
  • Ground and part first floor let to Let It Limited (20 years in situ)

Executive Summary

The commercial element is let to Let It Limited with the lease dated 30th November 2023 for a term of 10 years (tenant break option on the fifth anniversary) with an upward only open market rent review on the fifth anniversary. The lease is on an internal repairing and insuring basis and is inside the Landlord and Tenant Act 1954. Let It Limited has a Red Flag health rating of Silver and have been in occupation for over 20 years

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
1,216 SF
Building Class
B
Year Built
1917
Price
$538,822 CAD
Price Per SF
$443 CAD
Cap Rate
8.09%
NOI
$43,591 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
405 SF

Amenities

  • Storage Space

Links

 

  • Listing ID: 32231985

  • Date on Market: 2024-06-24

  • Last Updated:

  • Address: 23-25 Lombard St, Newark NG24 1XG

The Office Property at 23-25 Lombard St, Newark, NG24 1XG is currently available for sale. Contact Innes England Ltd for more information.

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