18 St. Marks Lane, Newark, Nottinghamshire, NG24 1XS
Under Offer
For Sale
- Retail
- 1,166 Sq Ft
- £175,000
Town Centre Investment For Sale. Business Unaffected.
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
Property 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
Rateable Value
The property has a Rateable Value of £10,250 reducing to £8,300 from 1st April 2026
Services
All mains services are currently connected to the property
Tenure
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.
Price
£175,000 + VAT
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).
Accommodation
| Name/Floor | Sq Ft | Sq M | Availability |
|---|---|---|---|
| Ground Retail & Ancillary | 588 | 54.63 | Available |
| 1st Retail & Ancillary | 578 | 53.70 | Available |
| Total | 1,166 | 108.32 |
Location
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
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