Summary - 25, LOMBARD STREET NG24 1XG
1 bed 1 bath Office
**Standout Features:**
- Freehold commercial property in a central Newark location
- Currently let at £25,000 per annum until November 2033, providing an attractive 11.4% net initial yield
- Modern office space with large windows providing ample natural light
- Ground floor features a fully glazed shopfront and is suitable for various retail or office uses
- Nearby amenities include an Asda superstore, Travelodge, and the Newark Bus Station
- Additional income from six long leasehold flats currently generating a peppercorn ground rent
- Excellent mobile signal and fast broadband speeds
**Potential Concerns:**
- Area has a very high crime rate and is categorized as very deprived
- Transitioning neighborhood may affect investment appeal in the future
**Summary:**
This impressive freehold commercial property in Newark is perfect for savvy investors seeking long-term rental income. Currently generating £25,000 per annum until November 2033, this property boasts a robust 11.4% net initial yield, underlining its financial attractiveness. The ground and partial first floor, housing a well-lit office space, feature robust modern design elements and extensive glazing, making it appealing to potential tenants or owners. Situated in a bustling area near essential amenities like an Asda superstore and travel services, this location offers considerable foot traffic and potential for diverse business operations.
While the property is positioned in a transitional neighborhood with high crime rates, it provides a unique investment opportunity with six existing flats contributing to long-term income potential. This property offers not just a space, but the security and promise of a sound investment in Newark’s evolving landscape—don’t miss out on this exceptional opportunity!
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