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Middle Gate, Newark, Nottinghamshire, NG24

£895,000

£78.17 per sq. ft.

Business rates & charges may apply

Poyntons Consultancy Commercial, Lincolnshire Office
SIZE AVAILABLE
11,450 sq. ft.
(1,064 sq. m.)
SECTOR
High street retail property for sale

Key features

  • High Profile Retail Showroom Investment Available For Sale Freehold
  • Open Plan Retail Showroom Extending to 929sqm, 10,555sqft with Walk-Thru to Castle Gate
  • Currently Let to YTC on a Lease Expiring January 2022
  • First Floor Vacant Offices Extending to 83.1sqm, 895sqft net, EPC D77

Property description

Location...
The historic market town of Newark stands on the River Trent and has a retail catchment population estimated to be around 121,000 residents.

The town has a higher than average demographic profile indicating older more affluent residents.

The town is a sub-regional shopping centre enjoying good transport links with Northgate Railway Station, approximately 500m to the north of Castle Gate. Nottingham is 20 miles to the south-west, Lincoln approximately 25 miles to the north-east. The A1 runs alongside the eastern edge of the town and the A46 dual carriageway passes the town to the north connecting Lincoln with Leicester.

The property is located in the historic town centre and prime retail area enjoying excellent footfall levels on Middle Gate and high traffic flows on Castle Gate.

Middle Gate is the primary shopping zone linking Kirk Gate, a prime retail area of Stodman Street to the south into the market place. The area is a protected retail environment with nearby retailers including Savers, the Buttermarket, Roman, Boots Pharmacy, Fat Face, White Stuff, Dorothy Perkins, Phase Eight, Superdrug and other high street brands.

Accommodation...
Comprising a retail unit with internal window frontage of 7.9m, 26ft approximately with a maximum shop depth 13.7m, 45ft approximately, 929sqm, 10,555sqft.
A ground floor entrance from Middle Gate leads to a stairway to the first floor offices where there is a central hall.
Main Office....................................5.9m x 5.5m, 32.3sqm
Having double height space with mirrored partition through to
Office No 2.......................................3.3m x 5.5m, 8.4sqm
Room No 3/Post Room...2.4m x 3.5m, 8.5sqm and 3.1m x 2.4m, 7.7sqm
Store......................................................2.2sqm
Break Out Room........................3.3m x 2.5m, 8.4sqm
Kitchen....................................2.5m x 3.1m, 7.8sqm
Having a modern range of kitchen units.

Tenure...
The property is available by way of a Freehold sale. The retail unit is currently let to YTC until January 2022 on FRI Terms at a passing rent of £35,000 per annum plus VAT.
The first floor offices are currently available to let at £7,200 per annum plus VAT.

Outgoings...
Each unit has individual metered supplies. Central Buildings have a Rateable Value of £72,500. The first floor offices have a Rateable Value of £4,000.

EPC...
The property has an Energy Performance Asset Rating D77.

Viewing...
Viewing is strictly by appointment through the Agent.
Poyntons Consultancy.

Energy Performance Certificates

EPC 1

Brochures

Middle Gate, Newark, Nottinghamshire, NG24

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newark Castle Station0.3 miles
  • Newark North Gate Station0.5 miles
  • Rolleston Station3.8 miles

About Poyntons Consultancy Commercial, Lincolnshire Office

Poyntons Consultancy Ltd - Commercial, 24,26 and 28, South Street, Boston, Lincolnshire, PE21 6HT

Poyntons Consultancy offers advice on disposals, property acquisitions and property development across the following sectors: Retail, Industrial, Office & Business Parks, Hotels & Leisure and Residential.

As a property consultants agency we deliver exceptional results to a large and varied client base consisting of developers, investors, landlords and tenants.

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Notes

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Disclaimer - Property reference CentralBuildingsFreehold. 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 Poyntons Consultancy Commercial, Lincolnshire Office. 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.

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