Retail Property (high street) to rent

Lombard Street, Newark, Nottinghamshire, NG24

5,125 sq. ft. | £100,000 pa| £8,333 pcm

Property Description

Commercial information

  • 5,125 sq ft (476 sq m)
  • Use class orders: A1 Shops

Key features

  • Last Remaining Retail Unit
  • Open A1 Retail consent
  • Suitable for alternative uses - STP
  • Superb Retail Development adjacent to Asda Superstore
  • 400 plus car parking spaces and bus station adjacent

Full description

This is the last remaining unit within Phase 1 of a parade of retail units forming part of the Beaumond Cross Retail Scheme.

The unit is finished off to a shell specification internally, ready to take a tenant shop fit, whilst externally the shop fronts have been installed by the Landlord. Full details on the unit specification available on request. This specification also contains information on the service capacity for the unit.

Plans are now progressing to start work Phase 2 on the Scheme, comprising on the former Robin Hood Hotel adjacent.

The unit has an Open A1 Retail Consent under the Use Classes Order 1987 (as amended). Alternative uses falling within Classes A2 (Financial and Professional Services), A3 (Restaurant and Café) and D1 (Non-Residential institutional and Medical Centres) are also considered appropriate subject to planning.

The units are situated adjacent to the town's Asda Superstore and bus station, in a prominent central location on the corner of Lombard Street and Portland Street. The town's established prime retail pitch is located a short walk to the north and nearby retailers within the St Mark's retail scheme directly opposite the site include Marks and Spencer, Wilkos, Costa and Clarks Shoes. Tenants within the scheme in addition to Asda now include Lloyds Pharmacy, Subway, Barnardo's, Golf Addiction, Holdens, 3Sixty Fitness and the main town centre doctors' surgery - The Lombard Medical Centre.

Newark is an expanding prosperous market town with a population of circa 35,000 and a large and affluent catchment within 20kms of 160,000. The town is strategically located at the junction of the A1, A46 and A17 and has excellent direct rail links into Kings Cross - travel time 1 hour 20 minutes. The town enjoys above average retail space from within its catchment. (Source CACi Report 2013).

The unit is available on a new lease for a minimum term of 10 years, subject to 5 yearly upward only rent reviews. The lease will be drawn on the equivalent of Full Repairing and Insuring terms by way of a service charge for external maintenance and the upkeep of the common areas within the development.

To view the premises and for any additional information please contact the sole agents.


More information from this agent

Nearest stations

  • Newark Castle (0.4 mi)
  • Newark North Gate (0.7 mi)
  • Rolleston (3.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Banks Long & Co Ltd, Lincoln

26 Westgate Lincoln LN1 3BD

01522 418033 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Newark Castle (0.4 mi)
  • Newark North Gate (0.7 mi)
  • Rolleston (3.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Banks Long & Co Ltd, Lincoln

26 Westgate Lincoln LN1 3BD

01522 418033 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Administration fees may apply when renting a property in England, Wales or Northern Ireland. For more details, please contact the agent.

Property reference JRB5088K4. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Banks Long & Co Ltd, Lincoln.

Please refer to our Renting Guides for further information on how to safely rent a property.

Map data ©OpenStreetMap contributors.