Lombard Street, Newark, Nottinghamshire, NG24
- PROPERTY TYPE
Block of Apartments
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- CASH BUYERS ONLY - Freehold For Sale via Modern Method of Auction - T & Cs Apply
- Reservation Fee Payable
- Buyers Fees Payable and 10% Deposit Payable
- Auction End Date: 10th March 2025
- Block of 6 individual flats with Vacant Possession
- 4 x Two Beds and 2 x One Beds
- Prominent Town Centre Location
- Significant Potential
- Rear External Courtyard Garden with Access from Lombard Street
- EPC Rating's - G-D, Council Tax Band's - A
Description
CASH BUYERS ONLY - For Sale By Modern Method of Auction - T & Cs Apply
BLOCK OF 6 INDIVIDUAL FLATS FOR SALE WITH SIGNIFICANT POTENTIAL - Auction End Date: 10th March 2025.
Substantial Grade II listed Victorian building with significant potential situated in Newark Town centre with frontage directly onto Lombard Street, a main through road; the Property has been subdivided to provide six individual flats (4 x two beds and 2 x one beds) all in need of modernisation and the freehold is for sale with vacant possession by Auction.
Block Viewings will take place on:
12th February 2025 @ 9am - 11am
27th February 2025 @ 9am - 11am
7th March 2025 @ 9am - 11am
All viewers are required to formally register with the agents prior to the viewing.
BUYING CONDITIONS
CASH BUYERS ONLY - This property is for sale by the Modern Method of Auction and is available for cash buyers only. Should you view, offer, or bid on the property, your information will be shared with the Auctioneer, Iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer's solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability, and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
BUYERS INFORMATION PACK
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
LOCATION
The Property is located in Newark Town Centre with frontage directly on to Lombard Street; a main through road running through the town. Newark-on-Trent is a market town in Newark and Sherwood district in Nottinghamshire. The town is bypassed by the A1 and benefits from local, regional and national amenities including primary and secondary schooling, and shopping facilities. Newark is 23 miles northeast of Nottingham, 20 miles south-west of Mansfield and 19 miles south-west of Lincoln.
DESCRIPTION
The Property comprises a substantial Grade II listed Victorian building which has been subdivided to provide 6 separate flats with a schedule of accommodation below:Flat A (Ground Floor) - 1 bedroom Flat B (Ground Floor) - 1 bedroom Flat C (First Floor) - 2 bedroom Flat D (First Floor) - 2 bedroom Flat E (Second Floor) - 2 bedroom Flat F (Second Floor) - 2 bedroomEach flat offers significant potential for modernisation throughout.The site extends to approximately 438 sqm with the areas not covered by the buildings are a mixture of patio/gravelled.
SERVICES
We understand all mains services are connected to the Property. We have not made any formal enquiries or tested any of the service connections. Interested parties are required to undertake their own due diligence into the availability and adequacy of services.
TENURE
The Property is available Freehold with Vacant Possession.
OUTGOINGS
Each flat has a Council Tax Rating of A.
VIEWINGS
Viewings are strictly via the agents: Pygott & Crone Commercial Ltd and block viewings will be held on:12th February 2025 @ 9am - 11am 27th February 2025 @ 9am - 11am 7th March 2025 @ 9am - 11am All viewers are required to formally register with the agents prior to the viewing.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Lombard Street, Newark, Nottinghamshire, NG24
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Visit our security centre to find out moreDisclaimer - Property reference 10530951. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by PYGOTT & CRONE COMMERCIAL, Lincoln. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call PYGOTT & CRONE COMMERCIAL, Lincoln on 01522 304008.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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