Leisure Facility to rent

Highly prominent location at the corner of Castlegate and Lombard Street - Floor area of 8,000 sq ft - Immediately available

Location

The historic market town of Newark-on-Trent has a population of approximately 35,000 residents and has been earmarked for significant expansion by the local authority. Newark-on-Trent is located at the junction of the A46 and A1 and sits on the main East Coast Rail line.

The Castlegate Centre is prominently positioned at the corner of the busy Castlegate and Lombard Street in Newark Town Centre. The former is the principal focus for leisure uses within the town housing a variety of bars and restaurants including the renowned Café Bleu and Zizzis, together with a number of professional, medical and retail occupiers. The property is situated close to the proposed Asda redevelopment in the heart of the town.

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 Café Bar and The Royal Garden 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 £47,000 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

Each party is to be responsible for their own 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

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