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.

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