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High street retail property for sale

18 St. Marks Lane, Newark, NG24 1XS

£175,000

£150.09 per sq ft

Business rates & charges may apply

Wood Moore & Co Ltd, Newark
SIZE AVAILABLE

1,166 sq ft

108 sq m

SECTOR

High street retail property for sale

Key features

  • New 10 year lease on FRI terms
  • Producing a rent of £13,000 p.a.
  • Long established independent retailer
  • Town centre location next to the nearly completed redevelopment of the former M&S store
  • Rear access for deliveries and customer collections

Description

Town centre retail investment opportunity. Modern brick built shop unit with ground and first floor retail accommodation. Long established independent retail tenant. Ideal investment opportunity with long term potential for conversion of first floor accommodation

Situated at the heart of the town centre in a busy thoroughfare location, St Marks Lane links the ASDA supemarket & car park with Stodman Street & town's historic Royal Market Place

The property has a Rateable Value of £10,250 reducing to £8,300 from 1st April 2026

All mains services are currently connected to the property

The property is offered for sale Freehold subject to and with the benefit of a new 10 year Full Repairing & Insuring lease at a rent of £13,000 p.a. + VAT subject to rent review and option to break on the 5th anniversary. Further details are available on request.

£175,000 + VAT

VAT is payable in respect of a sale of this property although it is anticipated that VAT TOGC Rules will apply. (Potential purchasers should take their own professional advice in this regard).

ViewIng is STRICTLY BY APPOINTMENT ONLY

Energy Performance Certificates

EPC

Brochures

18 St. Marks Lane, Newark, NG24 1XS

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newark Castle Station0.4 miles
  • Newark North Gate Station0.6 miles
  • Rolleston Station3.8 miles

About Wood Moore & Co Ltd, Newark

Navigation House, 48 Mill Gate, Newark, NG24 4TS

Wood Moore & Co is an East Midlands based independent firm of Chartered Surveyors and Commercial Property Consultants established nearly 25 years ago. Combining wider expertise with strong local & regional knowledge, and led by a team of dedicated professionals who are long-established in the local property market throughout Nottinghamshire and Lincolnshire, with particular emphasis on commercial property in Newark, Grantham and Lincoln. Wood Moore & Co. are a multi-disciplined practice with integrated expertise in the commercial estate agency, property management and professional service sectors.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 348321-1. 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 Wood Moore & Co Ltd, Newark. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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