COMMERCIAL

Lombard Street, Newark

£295,000

PROPERTY TYPE: Commercial Property
SIZE: 2,100 sq ft
195 sq m

Key features

FREEHOLD INVESTMENT OPPORTUNITY
Full Planning for HMO Occupation
Proposed 6 Double Sized Bedrooms
Extensive Ground Floor Communal Use
LBC Consent for Internal Alterations
Gross Internal Area 195 sq.m approx
Potential to Increase Room Numbers
Town Centre Location
Existing EPC Rating D

Description

A Freehold Investment Opportunity with full planning permission for HMO occupation providing 6 double sized bedrooms and ground floor communal use. Listed Building Consent it granted for internal alterations. There is potential to increase the room numbers subject to planning permission.
The gross internal area of the building 195 sq.m approximately.

The building is a prominent Grade II Listing with street frontage within the town centre core area, close to amenities and public transport facilities.

The double sized rooms designed range from 16.6 sq.m to 28.9 sq.m.

The property is substantially built and re-roofed in recent years.

The previous planning use of the building is E Class to include Offices and the property offered as a Freehold Investment is suitable for alternative uses.

Town And Country Planning - Planning permission is granted under Newark and Sherwood District Council reference 24/00946/FUL - for change of use from Office (Use Class E) to an HMO House in Multiple Occupation (Use Class 4) comprising 6 one bed units. The conditional planning permission is dated 30th July 2024.

Listed Building Consent is granted under Newark and Sherwood District Council reference 24/00947/LBC for internal alterations including installation of a door and re-location of an existing door, infilling existing doorway and removal of a partition wall, and repairs to the sills of 3 sash windows (1 on the front and 2 on the rear elevation). The conditional permission is dated 30th July 2024.

Documents and plans may be viewed on the Newark and Sherwood District Council planning portal

Services - Mains water, electricity, gas and drainage are all connected to the property.

Tenure - The property is FREEHOLD.

Rateable Value - The rateable value for Clinton House is £16,250

Listed buildings are completely exempt from empty Business Rates until re-occupied. The property should be de-listed if the HMO development scheme proceeds.

Viewing - Strictly by appointment with the selling agents.

Possession - Vacant possession will be given on completion.

Plans - Proposed floorplans are attached to these particulars.

Brochures

Lombard Street, Newark

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NEAREST STATIONS

Newark Castle Station0.4 miles
Newark North Gate Station0.6 miles
Rolleston Station3.8 miles

About Richard Watkinson & Partners, Newark

25 Stodman Street Newark NG24 1AT

Industry affiliations:

Richard Watkinson & Partners is one of the East Midlands most established estate agencies having had a presence in the area for more than 30 years. Our experienced and trusted agency has offices across the region specialising in residential and commercial sales as well as lettings. With friendly, approachable and knowledgeable staff, Richard Watkinson & Partners is known for its expertise in all areas of property.

"I set up Richard Watkinson & Partners is 1988 with just three staff in a small office in North Gate, Newark.

"A lot has changed since then - we now have more than 30 members of staff, six offices across the East Midlands as well as dedicated lettings, new homes and commercial agents - but the core values I set out when I started the business have remained.

"High levels of customer service, a friendly, personable approach to estate agency and excellent local knowledge are all paramount in delivering a professional and effective service. These are the values upon which I built Richard Watkinson & Partners and I'm proud that these are always at the forefront of our agents' minds when dealing with customers.

"Estate agency itself hasn't changed, it's still a business which orientates around people and that is something we instil in all of our staff. People still like to walk into their local estate agency, browse properties and talk to an agent who knows the area and can provide useful advice on how to buy or sell a home. All of our staff live locally and are able to provide the best possible local knowledge, providing customers with a personal service on which they can rely.

"I'm proud that we remain a local, family-run business - always putting the customer first - and that our strong roots in the East Midlands continue to enable us to act as one of the region's leading agents across residential and commercial lettings and sales." - Founder, Richard Watkinson

Notes

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Disclaimer - Property reference 34001133. 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 Richard Watkinson & Partners, Newark. 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.

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Lombard Street, Newark

Key features

Description