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NEXT AUCTION - THURSDAY 24TH FEBRUARY 2.30PM - Click here to view

Lot - Clinton House (No.12) & 12A, Lombard Street, Newark, NG24 1XB Auction Lot £250,000+ - Auction Estates

Next Auction

The Nottingham Racecourse


24 February 2022

Lombard Street, Newark, NG24 1XB

Guide Price: £250,000+


Key Features

  • Grade II listed building.
  • A short walking distance to both Newark train stations.
  • 12 Gross Internal Office Space 2,100 sq ft approx
  • 12A Gross Internal Office Space 193 sq ft approx
Draft Details Only

An opportunity to acquire a Freehold three storey office building (vac) together with a two storey office (let) located in the heart of Newark Town Centre opposite a new Travelodge development and the main Bus Station/ASDA.

• Grade II listed building.
• Rear courtyard with 4 designated parking spaces.
• Located nearby St. Marks Shopping Centre.
• A short walking distance to both Newark train stations.
• 12A currently let for £6,000 per annum.
• 12A Gross Internal Office Space 193 sq ft approx.
• 12 Gross Internal Office Space 2,100 sq ft approx.

VAT

Interested parties should refer to the Special Conditions of Sale for confirmation of whether VAT is applicable to the sale price.

Viewings

Please contact Auction Estates on 0115 7844 600

Important Notices

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased.

The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Clinton House (12 Lombard Street) - Freehold with Vacant Possession.

12A Lombard Street - Long Leasehold for a term of 125 years (less one day) from 25th December 1976, expiring 23rd December 2101. The lease is subject to a peppercorn rent and insurance rent.

12A Lombard Street will be sold subject to the existing lease which is for a term of six years from 25th January 2018 at a rent of £6,000 pa. Refer to legal pack for a copy of the lease.

Refer to Legal Pack

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