Leisure Facility to rent

Castle Gate Centre, Castle Gate, Newark, Nottinghamshire

8,000 sq ft | £39,000 pa

Property Description

Commercial information

  • 8,000 sq ft (743 sq m)

Letting information:

Furnishing: Unfurnished

Full description

Highly prominent established location in the heart of Newark on Trent - Floor area of 8,000 sq ft - Incentives available - Ideal for a number of uses including restaurant and leisure

Location - The historic market town of Newark-on-Trent has a population of approximately 35,000 residents and a total retail catchment of about 115,000. Newark onTrent is located at the junction of the A46 and A1 and sits on the main East Coast Rail line.
The Castlegate Centre occupies a prominent corner position at the busy junction of Castlegate and Lombard Street in Newark's town centre.

Castlegate forms part of Newark's established restaurant, caf and bar circuit and is home to many good quality regional and national operators including Caf Bleu and Zizzi's. It is close to the new Asda and bus station development which has
created a new and vibrant hub of activity in the area. This development has further increased parking within walking distance of the Castlegate Centre.

The Property - The purpose-built Castlegate Centre has established itself as a premier leisure location within Newark, occupiers including Riva Bingo, UK Superbowl, The Atrium Caf Bar and The Peking Tang Chinese Restaurant.

The unit is located on the second floor of the development, accessed through the main entrance and can be accessed via escalator, stairs or lift. The unit is fitted to a developers' shell specification and would lend itself to a variety of leisure uses.

Accommodation - The property has the following approximate net internal floor area: 743.5 sq m (8,000 sq ft)

Tenure - The property is available by way of a new effectively full repairing and insuring lease for a term of years to be agreed at an asking rent of £39,000 per annum exclusive.

An excellent incentives package would be available to an ingoing tenant.

Town & Country Planning - We note the property currently benefits from D2 (assembly and leisure) planning consent as detailed in the Town & Country Planning (Use Classes) Order 1987. We further understand that the property would be suitable for alternative uses such as offices, restaurant or bar, subject to the appropriate planning consent.

We advise all interested parties to make their own enquiries of the Planning Department of Newark & Sherwood District Council (Tel: 01636 650000).

Rates - To be assessed.

Legal Costs - The incoming tenant will be responsible for the landlord's reasonable legal costs incurred in documenting the transaction.

Vat - VAT will be levied on all outgoings.

Service Charge - A service charge will be levied to cover external repairs in addition to the staffing, maintenance and repair of common parts.

Viewing - Strictly by appointment with the Agent.
Contact John Elliott
Telephone 01522 504304

Joint Agent
Jonathon Seddon
Tel: 0115 989 7097
Email: jonathon@ng-cs.com

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More information from this agent

Nearest stations

  • Newark Castle (0.3 mi)
  • Newark North Gate (0.7 mi)
  • Rolleston (3.7 mi)
Distances are straight line measurements

To view this property or request more details, contact:

JHWalter, Lincoln

1 Mint Lane, Lincoln, LN1 1UD

03301 011629 Local call rate

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