The Kiln

Mather Road, Newark

Property Investment Track Record

The Kiln

Mather Road, Newark

October 2015

An opportunity to acquire a modern multi let office building.
Prominently located with easy access to Newark town centre and Castle Railway Station.
Extending to 18,715 sqft over ground and 2 upper floors the property provides quality divisible accommodation around 2 reception areas.
Approximately 78% let to 4 tenants proving a passing rent of £120,801 per annum.
Opportunity to increase the rent through letting of the vacant accommodation.
Offer in excess of £1,280,000 (One Million Two Hundred and Eighty Thousand pounds) subject to contract and exclusive of VAT.
A Net Initial Yield of 8.92% and a reversionary yield of 11.75%.
Low capital value of £68.39 per sq ft.

If you'd like to know how we can help you, please get in touch.

Subscribe to the MK2 mailing list:

0121 214 1970 | info@mk2.co.uk

MK2 Real Estate | 57 Cornwall Street | Birmingham | B3 2EE

Privacy & Cookies Policy

© MK2 Real Estate 2021. All Rights Reserved. Site by Diablo