18 St. Marks Lane, Newark, NG24 1XS
Size
1,166
Tenure
Freehold
EPC
Parking
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Spaces
1
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
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
- Service charge
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- Business rates
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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Brochure
18 St. Marks Lane, Newark, NG24 1XS
About Wood Moore & Co Ltd , Newark
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.
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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.