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Lot 9 Click here for addendum

6 Week Completion

Situation

Located on the junction between Lombard Street and St. Marks Lane which forms an entrance to the St. Marks Place Shopping Centre in the heart of Newark. Several national retailers are located adjacent to the property including Marks & Spencer, Claire's, Clarks Shoes, Brighthouse and Clintons.
Opposite to the property is the pedestrianised entrance to the new 60,000 sq ft Asda Store and Newark Bus Station. The historic Market Square and prime Stodman Street are located close by, as well as the St Marks Place NCP Car Park.

Property

A prominent attractive corner building comprising the following adjoining units:
• 22/22a St Marks Lane - Double Fronted Ground Floor Restaurant with a Function Room on the first floor.
• 34/34a Lombard Street - Ground Floor Shop with internal access to Offices on the first floor.

VAT is applicable to this Lot

Freehold

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

22/22a St Marks Lane & 34/34a Lombard Street, Newark, Nottinghamshire NG24 1XS