property
Commercial investment property
Part let, part vacant currently achieving £7,000 p.a
Ground floor let to Swinton & vacant office suite above
Prominent business location in historic market town
EPC Rating: D
A valuable retail investment property with the ground floor let to Swinton Insurance for 5 years from 11th April 2014 together with a vacant office suite spanning two floors. There
s potential to convert the upper floor offices to residential accommodation (subject to the necessary consents).
A period property in one of the most prominent business positions in the historic market town of Newark on Trent comprising:
Ground Floor
Reception/Office 13ft 12ft 10
With bay window and doorway to Lombard Street.
Hallway 6ft 5 x 6ft 4
Wc
Office 15ft x 11ft 6
With entrance to Lombard Street.
Wc 6ft 11 x 5ft
Strong Room 7ft 9 x 4ft 3
Basement 14ft 9 x 11ft 8 plus 14ft x 11ft
First Floor
Landing 6ft 7 x 5ft 2
Store Room
Front Office One 15ft x 13ft 4
Overlooking Lombard Street.
Front Office Two 15ft x 11ft 4
Overlooking Lombard Street,
Rear Office One 15ft 9 x 15ft 3
Rear Office Two 12ft 9 x 11ft 2
Second Floor
Landing
Front Office One 15ft x 10ft 2
With Baxi gas boiler, built in cupboards and overlooking Lombard Street.
Front Office Two 15ft x 13ft 4
Overlooking Lombard Street.
Kitchen 9ft 6 x 6ft 5
Outside
Rear yard and outside store.
Lease Information
The ground floor is let to Swinton Group Ltd for 5 years from 11th April 2014 at a rent of £7,000 per annum exclusive. The tenant has an internal repairing liability but a service charge provision allows for other repairs to be charged back. The tenant is to pay 70% of other costs.
Tenure
Freehold. Part let; part vacant.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.
Viewings
By appointment with the auctioneers
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