Retail units - 69 Castle Gate, Newark

3 Retail Units remaining - TO LET - Newark

Available immediately

Rent from £11,280 - £13,500 pa + VAT

Available Size from 1,126 to 1,350 sq ft
Rent £11,280 - £13,500 per annum
Business Rates To be re-assessed
VAT - Applicable
Legal Fees - Each party to bear their own costs
EPC Rating EPC exempt - EPC has been commissioned, will be available in less
than 28 days

The Castle Gate Centre hospitality and leisure activities hub is located within Newark. Available for lease are four ground floor retail units, each street-facing with attractive shop frontage. The units have been newly refurbished and taken to a shell fit-out condition with occupation available from August 2024 with incentives available.

Location - 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, café and bar circuit where many good quality regional and national operators are located. It is close to the new Asda and bus station development which has created a new and vibrant hub of activity in the area and has further increased parking within walking distance of the Castlegate Centre.

Services - We are advised that all mains’ services are connected to the property. These services have not been inspected or tested by the agent.

Terms - Offered for let on a new 5 year repairing and insuring lease - at rents of circa £10 per Sq Ft/ Annum plus VAT. A deposit equal to 3-month rent will be required and there will be a contribution to the Buildings Insurance arranged by the Landlord. Rent is paid quarterly in advance. We are led to believe that a service charge will be applied towards upkeep and maintenance of the communal areas with further details being provided upon request.
A service charge equivalent to £1 psf will be charged for the upkeep of common parts.