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37 Castlegate, Newark, NG24 1BD

To Let

  • Restaurant / Cafe, Retail
  • 2,754 Sq Ft
  • £20,000 pa

Prominent Town Centre Premises - Retail, Coffee Shop or Restaurant (See CGI's) Offered on a stepped rent with other incentives considered.

Key Features

  • Town centre premises in prominent & busy main road location
  • Ideal for retail, coffee shop, restaurant, office, clinic or consulting room uses
  • Close to the historic Market Place
  • Landlord to consider contribution towards Tenant fit-out works
  • Both ground floor retail with basement storage
  • Pay and Display car park directly adjacent for ease of access

Property Description

A unique opportunity to lease prominent former bank premises in a prominent town centre location. The property provides largely open plan accommodation and is ideally to a variety of alternative uses (subject to planning), with the landlord considering helping with Tenants works depending on the terms proposed.
Lease Terms
The property is available To Let on a new Full Repairing & Insuring lease for a term to be agreed at an annual rent starting at £20,000 PAX for the first year, £22,500 PAX for the second year and £25,000 PAX thereafter. Other incentives maybe considered.
VAT
All sums quoted are exclusive of, but may be liable to VAT at the prevailing rate
Costs
Each party to be responsible for their own legal & professional costs incurred in creating the new lease
Tenants Works
The Landlord will consider carrying out some Tenants works depending on the terms proposed - Please contact the letting agent for any further information in relation to this.
Agents Note
The images used in the marketing of this property are computer generated, and for pictures of the property in its current use, please contact the agent and these can be forward.

Accommodation

Name/FloorSq FtSq MAvailability
Ground1,868173.54Available
basement88682.31Available
Total2,754255.85 

Location

The premises are situated on Castlegate with return frontage to Stodman Street in a prominent town centre location on one of the principal routes linking the town with the A1/A46/A17 junction. The town centre amenities include the historic market place and water front areas, both of which are a short walk from the property. Newark is an attractive market town with a resident population in the order of 40,000 serving a district population of over 100,000. The town is well served with excellent road and rail links. The surrounding larger centres of Nottingham and Lincoln are both within 45 minutes drive.

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