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Leisure Facility to rent

Castlegate Centre, Castle Gate, Newark, Nottinghamshire

£3,250 pcm
8,000 sq. ft.

Property Description

Commercial information

  • 8,000 sq ft (743 sq m)

Letting information:

Furnishing: Unfurnished

Full description

D2 Leisure Unit - Floor area of 8,472 sq ft (787 sq m) - Incentive available - Suitable for alternative uses (subject to planning consent)

Location - The historic market town of Newark, with a catchment of over 150,000, is located approximately 16 miles south west of Lincoln, 17 miles north east of Nottingham and 13 miles north west of Grantham. The town is located at the junction of the A1,
A46 and A17 and is situated on the East Coast Main Line railway. It is well known for its market, which is surrounded by attractive Georgian buildings. This, coupled with its Castle and strong reputation for antiques and antiquities, ensures it is popular with both residents and visitors..

The Castlegate Centre occupies a prominent corner position at the busy junction of Castlegate and Lombard Street in the heart of the 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.

Description - The purpose built Castlegate Centre has established itself as a premier leisure location within Newark; occupiers including Riva Bingo, UK Superbowl and The Atrium Caf Bar. A ground floor unit within the scheme has recently been taken by the owners of the Everest Inn Group of restaurants which serves high quality Nepalese food.

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

Accommodation - Measured on a net internal area basis, the premises provide approximately 8,000 sq ft (744 sq m) of predominantly open plan accommodation.

Planning - We understand that the premises benefit from planning consent for assembly and leisure uses within Class D2 of the Town & Country Planning (Use Classes) Order 1987 (as amended). The premises are however suitable for a variety of alternative uses such as office, restaurant or bar, subject to the appropriate planning consent for change of use.

Interested parties should make their own enquiries to Newark & Sherwood District Council Planning Department (Tel: 01636 650000).

Terms - Available to let by way of a new effectively fully repairing and insuring lease for a term to be agreed.

Guide Rent - £39,000 per annum exclusive.

Service Charge - A service charge will be payable to cover the external repairs in addition to the staffing, maintenance and repair of common parts. Further details are available upon request.

Business Rates - To be assessed.

Vat - We understand that VAT will be applicable to the rent and service charge.

Energy Performance Certificate - The full EPC and Recommendation Report are available to interested parties upon request.

Legal Costs - The ingoing tenant will be responsible for the landlord's reasonable legal costs.

Viewing - For further information or to arrange a viewing please contact joint sole agents:

Contact Andrew France BSc(Hons) MRICS
JHWalter LLP
Telephone 01522 504319 / 07795 657792

Jonathon Seddon
0115 989 7097

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