prime retail unit 16-17 stodman street newark ng24 1at - Realla
PRIME RETAIL UNIT 299.20 sq m (3,220 sq ft)
16-17 STODMAN STREET NEWARK NG24 1AT
TO LET
GOAD PLAN
100% Prime retail unit in Newark Town Centre Close to a variety of multiples including Marks and Spencer, Fat Face, Vodafone, Monsoon, Costa Coffee, O2, Boots, Greggs and Dorothy Perkins 157.70 sq m (1,697 sq ft) ground floor sales with 141.50 sq m (1,523 sq ft) upper floor ancillary Available on a new lease Rent £80,000 pax
LOCATION
TENURE
The property is situated in a prime retailing location on Stodman Street in Newark, close to a large number of national multiples including Marks and Spencer, Fat Face, Vodafone, Monsoon, Costa Coffee, O2, Boots, Greggs, Pandora and Dorothy Perkins.
The property is available by way of a new 10-year Full Repairing and Insuring lease, subject to five yearly upward only rent reviews.
Newark is an affluent Market Town situated alongside the A1 and East Coast main rail line with a resident population of circa 35,000 and a large and affluent catchment of circa 160,000 within 20 kms. The town enjoys above average retail spend from within its catchment (source CACI Report).
RENT The property is available to rent at £80,000 pax (eighty thousand pounds per annum exclusive).
VAT VAT will be charged in addition to the rental at the prevailing rate.
PROPERTY A substantial two storey mid terrace retail premises with a glazed frontage to Stodman Street, the prime retail pitch in Newark Town Centre. The unit currently is still in use with the existing occupiers utilising the first floor accommodation for retail space.
LEGAL COSTS
ACCOMMODATION
ENERGY PERFORMANCE CERTIFICATE
The property provides the following accommodation:
An energy performance certificate is available on request.
Ground Floor Sales: Ground Floor Storage Ground Floor ITZA st 1 Floor Sales: st 1 Floor Ancillary: Total NIA:
145.10 sq m 12.60 sq m 98.95 sq m 98.50 sq m 42.97 sq m 299.20 sq m
(1,562 sq ft) (136 sq ft) (1,065 sq ft) (1,061 sq ft) (463 sq ft) (3,220 sq ft)
SERVICES All mains services to include gas, water, drainage and electricity are available and connected to the property.
The ingoing tenant is to be responsible for the landlord’s reasonable legal costs incurred in documenting the transaction.
VIEWING To view the premises and for any additional information please contact the sole agents.
Contact: James Butcher Tel: 01522 544515 Email: [email protected] Ref:
TOWN AND COUNTRY PLANNING The current use of the property falls within Use Class A1 (Retail) of the Town and Country Planning (Use Classes) Order 1987 as amended. Alternative uses falling within Classes A2 (Financial and Professional Services) and A3 (Restaurants and Cafés) may be suitable, subject to the receipt of the necessary planning permission.
RATES Charging Authority: Description: Rateable value: UBR: Period:
Newark & Sherwood Shop & Premises £76,500 0.497 2016-2017
Multiplying the Rateable Value figure with the UBR multiplier gives the annual rates payable, excluding any transitional arrangements which may be applicable. For further information, please contact the Charging Authority
JRB/LS/622/D16
16-17 STODMAN STREET NEWARK NG24 1AT
TO LET
GOAD PLAN
100% Prime retail unit in Newark Town Centre Close to a variety of multiples including Marks and Spencer, Fat Face, Vodafone, Monsoon, Costa Coffee, O2, Boots, Greggs and Dorothy Perkins 157.70 sq m (1,697 sq ft) ground floor sales with 141.50 sq m (1,523 sq ft) upper floor ancillary Available on a new lease Rent £80,000 pax
LOCATION
TENURE
The property is situated in a prime retailing location on Stodman Street in Newark, close to a large number of national multiples including Marks and Spencer, Fat Face, Vodafone, Monsoon, Costa Coffee, O2, Boots, Greggs, Pandora and Dorothy Perkins.
The property is available by way of a new 10-year Full Repairing and Insuring lease, subject to five yearly upward only rent reviews.
Newark is an affluent Market Town situated alongside the A1 and East Coast main rail line with a resident population of circa 35,000 and a large and affluent catchment of circa 160,000 within 20 kms. The town enjoys above average retail spend from within its catchment (source CACI Report).
RENT The property is available to rent at £80,000 pax (eighty thousand pounds per annum exclusive).
VAT VAT will be charged in addition to the rental at the prevailing rate.
PROPERTY A substantial two storey mid terrace retail premises with a glazed frontage to Stodman Street, the prime retail pitch in Newark Town Centre. The unit currently is still in use with the existing occupiers utilising the first floor accommodation for retail space.
LEGAL COSTS
ACCOMMODATION
ENERGY PERFORMANCE CERTIFICATE
The property provides the following accommodation:
An energy performance certificate is available on request.
Ground Floor Sales: Ground Floor Storage Ground Floor ITZA st 1 Floor Sales: st 1 Floor Ancillary: Total NIA:
145.10 sq m 12.60 sq m 98.95 sq m 98.50 sq m 42.97 sq m 299.20 sq m
(1,562 sq ft) (136 sq ft) (1,065 sq ft) (1,061 sq ft) (463 sq ft) (3,220 sq ft)
SERVICES All mains services to include gas, water, drainage and electricity are available and connected to the property.
The ingoing tenant is to be responsible for the landlord’s reasonable legal costs incurred in documenting the transaction.
VIEWING To view the premises and for any additional information please contact the sole agents.
Contact: James Butcher Tel: 01522 544515 Email: [email protected] Ref:
TOWN AND COUNTRY PLANNING The current use of the property falls within Use Class A1 (Retail) of the Town and Country Planning (Use Classes) Order 1987 as amended. Alternative uses falling within Classes A2 (Financial and Professional Services) and A3 (Restaurants and Cafés) may be suitable, subject to the receipt of the necessary planning permission.
RATES Charging Authority: Description: Rateable value: UBR: Period:
Newark & Sherwood Shop & Premises £76,500 0.497 2016-2017
Multiplying the Rateable Value figure with the UBR multiplier gives the annual rates payable, excluding any transitional arrangements which may be applicable. For further information, please contact the Charging Authority
JRB/LS/622/D16
