Commercial Property for sale in Lombard Street, Newark
AUCTION 24TH FEBRUARY 2022 - PRICE GUIDE £250,0000 - Clinton House is offered for sale Freehold with vacant possession providing 2,100 sqft office accommodation within a prestigious Grade II double fronted listed building. Included in the sale is 12a Lombard Street office accommodation Let on Lease to a mortgage broker producing £6,000 per annum.The property is situated on a busy arterial road in Newark town centre, adjoining solicitors professional offices and opposite to a new hotel redevelopment. The property is within 2 minutes walking distance of the town centre and the St Marks Shopping Centre.The vacant offices are particularly light and airy, nicely decorated and air conditioned. The... Read more
AUCTION 24TH FEBRUARY 2022 - PRICE GUIDE £250,0000 - Clinton House is offered for sale Freehold with vacant possession providing 2,100 sqft office accommodation within a prestigious Grade II double fronted listed building. Included in the sale is 12a Lombard Street office accommodation Let on Lease to a mortgage broker producing £6,000 per annum.
The property is situated on a busy arterial road in Newark town centre, adjoining solicitors professional offices and opposite to a new hotel redevelopment. The property is within 2 minutes walking distance of the town centre and the St Marks Shopping Centre.
The vacant offices are particularly light and airy, nicely decorated and air conditioned. The accommodation is on 3 floors, the main building is re-roofed in pan tiles and no.12a Lombard Street adjoining was constructed in the early 1980's with accommodation on 2 floors.
There is a rear courtyard and 4 designated car parking spaces directly to the rear of the building.
There is a public multi-storey car park in the immediate vicinity.
Clinton House - The property is constructed with brick elevations and is re-roofed with pantiles. The property is dated late 18th century and nicely modernised with spacious light and airy rooms. Central heating is gas fired and the following accommodation is provided:
Ground Floor -
Entrance Vestibule - With double entrance doors, reception hall 12ft x 7'1 open plan with the main front office. Radiator.
Main Office - 11.73m x 4.32m (38'6 x 14'2) - Less the box window area (12' x 1'6" approximately). Fluorescent lighting, air conditioning unit and three radiators.
Office Two - 4.98m x 3.33m (16'4 x 10'11) - With two box sash windows in the rear elevation. Radiator.
Store Room - 2.08m x 1.68m (6'10 x 5'6) -
Basement - With three barrel vaulted cellars.
First Floor - Dog-legged staircase and first floor landing.
Office Three - 4.78m x 4.32m (15'8 x 14'2) - With air conditioning unit, radiator.
Office Four - 4.67m x 4.42m (15'4 x 14'6) - With air conditioning unit and radiator.
Server Room - 3.05m x 2.59m (10' x 8'6) - With radiator.
Cloakroom - With low suite wc and basin.
Second Floor - Staircase and landing.
Office Five - 4.47m x 3.45m (14'8 x 11'4) - With radiator and door to the fire escape.
Office Six / Staff Room - 4.78m x 4.34m (15'8 x 14'3) - With radiator.
Office Seven - 4.72m x 4.27m (15'6 x 14') - With radiator.
Kitchen - 2.97m x 2.01m (9'9 x 6'7) - With sink unit, hot water heater.
Cloakroom - With basin and separate wc.
Wc - With separate wc, basin and electric water heater.
Gross Internal Office Space - 2,100 sq.ft approximately.
Tenure - The main building is Freehold.
Possession - Vacant possession of Clinton House will be available on completion of the sale.
Rateable Value - The rateable value for Clinton House is £15,750.
Viewing - Strictly by appointment with the selling agents.
12A Lombard Street -
Ground Floor -
Reception Office - 3.96m x 3.61m (13' x 11'10) - With front window and front entrance door.
Cloakroom - With wash basin and separate wc.
First Floor -
Office Two - 3.89m x 3.61m (12'9 x 11'10) - With side window. Radiator.
Office Three - 4.57m x 3.45m (15' x 11'4) - With radiator (no outdoor window)
Office Four - 4.65m x 3.18m (15'3 x 10'5) - With two single glazed windows in the rear elevation. Radiator, lobby and connecting door to the stairs.
There is a staircase to the second floor fire exit.
Outside - Rear courtyard and four car parking spaces.
Tenure - Lease dated 19th April 1993 in respect of 12a Lombard Street including the car park area; are Leasehold for a term of 125 years (less one day) from the 25th December 1976, subject to a peppercorn rent and insurance rent.
Lease Expiry Date 23rd December 2101.
Possession - 12A Lombard Street will be sold subject to the existing Lease.
Rateable Value - The rateable value for Clinton House is £15,750
The rateable value for 12a Lombard Street is £3,550
Lease Terms - 12A Lombard Street - The property is Let on Lease from the 25th January 2018 for a term of 6 years at a rent of £6,000 per annum. A copy of the Lease and details is available on request.
Lease Summary - 12A Lombard Street - The occupancy with Merlin Mortgages commenced over 18 years ago. The Landlord insures and the tenant pays a fair proportion. The Landlord maintains and services the central heating boiler which serves both properties and reasonable costs rechargeable to the tenant.
We understand the building is not elected for VAT. Solicitors to confirm prior to exchange of contracts.
Viewing - Strictly by appointment with the selling agents and by courtesy of the tenants.
Auction Date - The property is to be offered for sale by public auction at the Nottingham Racecourse 24th February 2022.
The data provided here is based on local property price changes as provided by Land Registry and do not take into consideration improvements made to the property or current local market trends. These are not to be relied on for property sale. We strongly recommend you to book a valuation with your local property expert for a professional valuation of your property.
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