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Leisure Facility to rent

Castle Gate, Newark, Nottinghamshire

£2,417 pcm
3,085 sq. ft.

Property Description

Commercial information

  • 3,085 sq ft (286 sq m)

Letting information:

Furnishing: Unfurnished

Full description

Highly prominent location - Established bar/restaurant pitch - Incentives available -Floor area of 3,085 sq ft

Location - T (T) - 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-on-Trent is located at the junction of the A36 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, cafe and bar circuit and is home to many good quality regional and national operators including Cafe 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 include Riva Bingo, UK Superbank, The Atrium Cafe Bar and The Royal Garden Chinese Restaurant.

The subject site is situated upon the ground floor of the development, accessed through the main entrance. The unit is fitted to a developer's shell and would lend itself to a variety of leisure uses.

Accommodation - The property has the following approximate net internal floor areas: 286.61 sq m (3,085 sq ft)

Tenure - The property is to be let by way of a new effective full repairing and insuring lease for a term of years to be agreed at an annual rent of £29,000 per annum exclusive.

Town & Country Planning - The unit was granted planning permission in class A3 for food and drink uses including restaurants and bars prior to 2010.
Interested parties should confirm with Newark & Sherwood District Council that their proposed use of the unit complies with this consent. The property would be suitable for alternative uses such as retail, subject to planning. We advise all interested parties to make their own enquiries of the Planning Department of Newark & Sherwood District Council (Tel: 01636 650000).

Rates - The rateable value of the property has yet to be assessed. Please ask the agent for further details.

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 to the property and maintenance and repair of the common parts.

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

Joint Agent:
Jonathon Seddon
Tel: 0115 987 7097

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