Commercial property for sale in Kirk Gate, Newark NG24
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Property features
- Freehold town centre offices
- Mixed use retail/office accommodation
- NIA approx 1555 sqft
- Allocated parking
- Grade II listed
- Vacant possession on completion
Property description
***freehold office investment let on lease with over 3 years unexpired*** Freehold double fronted office premises with prominent frontage to Kirk Gate, a busy central shopping area in Newark Town centre. The property is Grade II listed and has a service road to the rear from Slaughterhouse Lane leading to three allocated car parking spaces. The premises have mixed office/retail use and are situated just a short walk from the Parish Church and the Georgian market place.
The accommodation provides on the ground floor four offices and a store (approx. 528sqft). To the first floor there are three offices, kitchenette and WC facilities and a further store (approx. 649sqft). Second floor accommodation provides two additional offices (approx. 378sqft).
Newark is a busy and prosperous town serving a population of approximately 35,000 with a catchment population of approximately 90,000. The town is a designated growth point with thousands of new homes under construction in Fernwood and south Newark areas. Indeed the town attracts shoppers from a wide area, many preferring this market town with a wide range of specialised shops, boutiques and also most of the multiples including Waitrose, Morrisons, Asda, Marks and Spencer, etc.
The town has excellent road access to the A1, A46 and A17 trunk roads. There are two railway stations: Newark Northgate providing services to London Kings Cross in just over 75 minutes; and Newark Castle station which provides rail links to Nottingham and Lincoln. Newark has for many years been an important centre for the antique trade. Newark Showground of course hosts the International Antiques Fair.
The building would lend itself to alternative uses in future, subject to planning permission.
Ground Floor
Double frontage with display windows either side of the front entrance door.
Office 1/Reception Area (5.33 x 3.43 max (17'5" x 11'3" max))
Office 2 (3.05 x 2.69 max (10'0" x 8'9" max))
Office 3 (3.68 x 3.15 max (12'0" x 10'4" max))
Office 4 (3.18 x 2.62 max (10'5" x 8'7" max))
Store (1.91 x 1.42 max (6'3" x 4'7" max))
First Floor
Office 5 (5.79 x 4.01 max (18'11" x 13'1" max))
With kitchenette facilities.
Wc
Office 6 (5.13 x 3.53 max (16'9" x 11'6" max))
Office 7 (4.85 x 2.87 max (15'10" x 9'4" max))
Store (2.31 x 2.21 max (7'6" x 7'3" max))
Second Floor
Office 8 (5.44 x 3.73 max (17'10" x 12'2" max))
Office 9 (3.86 x 3.86 max (12'7" x 12'7" max))
Outside
Three allocated parking spaces can be accessed from Kirk Gate via a pedestrian walkway or vehicular access is via Slaughterhouse Lane.
Tenure
The property is freehold. Let on lease to Living Waters Europe on the following terms:
Commencement date: 1st February 2023 for a term of 5 years.
Rent: £17,448 per annum
Upon expiration of the Lease term the Tenant is required to surrender the Premises in as good a state and condition as they were at the commencement of the Lease.
A copy of the lease will be made available on request.
The allocated parking spaces are long Leasehold.
Services
Mains water, electricity and drainage are understood to be available to the property.
Town & Country Planning
There is an established mixed use under Class E for retail and office accommodation.
The property is Grade II listed and situated within the town conservation area.
Rating Assessment
Rateable Value: £7,000.
Viewing
Strictly by appointment with the selling agents.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Richard Watkinson & Partners, NG24 on +44 1636 358577 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Richard Watkinson & Partners, and do not constitute property particulars. Please contact Richard Watkinson & Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.