Retail Property (out of town) to rent

Lincoln Road, Newark, Nottinghamshire, NG24

£996 pcm
705 sq. ft.

Property Description

Commercial information

  • 705 sq ft (65 sq m)
  • Use class orders: A1 Shops

Key features

  • Modern retail unit
  • Large glazed frontage
  • Electric roller shutters
  • Cat II lighting
  • DDA WC
  • 3 consultation rooms
  • Rear service yard
  • Adjacent well trading Lincolnshire Co-op Foodstore
  • Located on busy arterial road
  • Available on new lease

Full description

The property comprises ground floor retail unit with large glazed frontage, protected by an electric roller shutter door, with rear door access leading to the service yard.

Internally the property is decorated to a good standard benfitting from a suspended ceiling and Cat II lighting throughout, 3 consultation rooms and DDA WC.

Externally, the property benefits from ample customer car parking.

LOCATION
The property occupies a prominent and accessible location on Lincoln Road, one of Newark's busiest thoroughfares into the town centre. The property is located adjacent one of Lincolnshire Co-op's busiest convenience stores within the district.

Newark is an affluent market town situated alongside the A1 and East Coast mainline with a resident population in excess of 35,000 people and a large and affluent catchment of circa 160,000 within 20km.

TOWN AND COUNTRY PLANNING
We understand that the property has more recently been used as a retail premises falling within Class A1 (Shop) of the Town and Country Planning (Use Classes) Order 1987 (as amended). We understand the property is suitable for a variety of alternative uses subject to any necessary consents.

RATES
Charging Authority: Newark & Sherwood District Council
Description: Shop and Premises
Rateable value: £7,500
UBR: 0.512
Period: 2020-2021

Multiplying the Rateable Value figure with the UBR multiplier gives the annual rates payable, excluding any transitional arrangements which may be applicable. For further information, please contact the Charging Authority.

It is understood that qualifying small businesses will benefit from up to 100% Small Business Rates Relief. Any prospective tenant is advised to check with the Local Charging Authority.

TENURE
The premises are available To Let by way of a new effective Full Repairing and Insuring lease for a term of years to be agreed.

RENT
£11,950 per annum exclusive

SERVICE CHARGE
A service charge will be levied to cover the upkeep, maintenance and repair of all common parts of the development.

VAT
VAT will be charged in addition to the rent at the prevailing rate.

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in documenting the transaction.

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


More information from this agent

Nearest stations

  • Newark North Gate (0.5 mi)
  • Newark Castle (1.0 mi)
  • Collingham (4.3 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 North Gate (0.5 mi)
  • Newark Castle (1.0 mi)
  • Collingham (4.3 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 - Permitted payments may apply when renting a property in England or Wales. For more details please go to the Tenancy Info link (alongside the advertised rental price) or contact the agent.

Property reference LMC10045. 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.

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