29 Lombard Street, Newark
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For Sale By Traditional 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.
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This property is for sale by Traditional Auction. Exchange takes place immediately with completion within 28 days. The buyer pays a 10% (of the purchase price) Non-Refundable Deposit on exchange. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.
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 £300.00 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.
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.
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 bedroom
Each 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.
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.
The Property is available Freehold with Vacant Possession.
Each flat has a Council Tax Rating of A.
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.