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38 Lombard Street, Newark, NG24 1XP
10,661 Sq Ft / Retail
Withdrawn - Last updated: 04 March 2015
At the rear of the site is Regent House the Newark Antiques Centre which is a Victorian ex-chapel of brick and slate construction all identifeid upon the enclosed plan. Cheltermill House is let to Notts County Council expiring 9th April 2010 at a rental of £24,250 pax. 38 Lombard Street is now vacant with an anticipated rental value of circa £6,000 per annum. Regent House is let under a lease expiring 30th June 2018 at a rental of £26,000 per annum exclusive.
The property is therefore capable of producing an income of around £56,250. Cheltermill House is let to the Nottinghamshire County Council for a term of 10 years expiring 9th April 2010 at a rental of £24,250 pax on full repairing and insuring terms. 38 Lombard Street is to be sold with vacant possession. Regent House is let to Jon Parry & Steven Jones for a term of 15 years from 1st July 2003 at a rental of £26,000 per annum exclusive subject to 5 yearly rent reviews. The lease is drawn on full repairing and insuring terms.
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