Middlegate Newark NG24 1AJ

For Sale £24,000

Property Details

Middlegate Newark NG24 1AJ

For Sale £24,000
Description

Retail Unit In Newark with offices for sale or to let

- Newark

Character property for sale or to let in Newark.
Comprising 840 square foot of retail space on the ground floor
First Floor comprising 405 square foot of office space.
Additional space which requires renovation to the first and second floor.
FOR SALE at £285,000 or TO LET at £24,000 per annum

LOCATION
Newark is a thriving market town with a population of around 35,000 and a catchment of around 150,000 within a 20 mile radius. It is located at the junction of the A1, A46 and A17, approximately 20 miles North east of Nottingham and 14 miles South of Lincoln. It has rapid rail services to London, being on the main East coast line and also regional services from both of its two Railway stations. The Property is situated half way along Middlegate, at its junction with Boar lane and opposite Chain Lane in a popular retail pitch, close to Buttermarket shopping centre, adjacent to the Savers and with other retailers to include Fat Face, Phase Eight, and various Estate Agents and fashion retailers.

DESCRIPTION
A 2 storey brick built property under a pitched tile roof, with loft room to second floor. With internal beams dating back to the late 1500’s the property retains a wealth of charm and character throughout. Currently trading as a bookshop and opens into the attached café to the rear, the property will be split on completion by the erection of a wall divide.

ACCOMMODATION
The property comprises a ground floor shop with return Frontage to Boar Lane and First floor office/ancillary accommodation with the following approximate dimensions and areas as follows:-

Internal width 5.22m (19ft 9)
Shop depth/return 15.24m (50ft)

Ground floor sales area 78.03 sq.m (840 sq.ft)
First floor offices 37.63 sq.m (405 sq.ft)

AMENITIES
Located in the centre of Newark, surrounded by retail, office and food and drinking establishments. Close to short and long stay car parking and with excellent road and rail links to surrounding villages, towns and cities.

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 sale at £285,000 for the freehold interest.
Offered to let at an initial passing rent of £24,000 per annum, length of lease flexible by negotiation.

OUTGOINGS
The property will be reassessed for Business rates following the division from the existing larger unit, on completion of the sale or lease.

VAT
We are advised that the property has not been elected for VAT

LEGAL COSTS
Both Parties will be responsible for their own legal costs

SERVICE CHARGE
Not applicable

PARKING NOTES
There is no parking included with the Shop. There are public car parks and on road parking nearby.

PLANNING
Current planning is A1 retail, alternative uses would be considered subject to the necessary planning permissions.

OTHER
Finance may be available through Independent Financial Brokers and Moores Commercial would be please to make an introduction for you. The Brokers are completely Independent of Moores Commercial and will offer confidential, unbiased advice regulated by the Financial Authorities. Please ask for further details.

VIEWING
Viewing is strictly by prior appointment via the joint agents Moores Commercial Tel: 01664 431330 or via email office@moorescommercial.com

Moores Commercial offer a unique personal service helping clients with all aspects of commercial property across the Midlands