To LetEXCITING NEW LEISURE/RESTAURANT OPPORTUNITY

Newgate Street/Bridge Street, Worksop, Nottinghamshire, S80 1DS

Description

The scheme will comprise of an exciting restaurant/leisure use development providing units ranging from 302 sq m (3,250 sq ft) to 720 sq m (7,750 sq ft).

The units will be finished to a modern shell specification with glazed frontages, subject to securing the necessary planning consents.

Location

Worksop is the largest town in the Bassetlaw District of Nottinghamshire with an estimated population of 44,970. The nearest major urban centres are Sheffield located about 19 miles to the north west, and Nottingham about 35 miles to the south. The town also therefore enjoys a sizeable catchment in addition to the town population.

The property occupies a prominent corner position at the junction of Bridge Street and Newgate adjacent the entrance into the Savoy 6 Screen Cinema. The prime pedestrianised retail pitch running northwards along Bridge Street starts about 100 metres to the north.

The existing restaurant offer within the town centre is limited to local operators. In our view there is consequently significant scope for a strong regional/national operator to create a “monopoly” trading position in the town, in a key location adjacent the only Town Centre cinema.

TOWN AND COUNTRY PLANNING

In our opinion the units will be suitable for a variety of uses including Class D2 (Assembly and Leisure), A4 (Drinking Establishments) and A3 (Restaurant and Café) of the Town and Country Use Classes Order, subject to the receipt of the necessary planning permissions.

TENURE

The units are available on new leases drawn on the equivalent of Full Repairing and Insuring terms for a minimum term of 20 years, subject to 5 yearly reviews.

RENT

£12.50 per sq ft.

VAT

VAT may be payable in addition to the rent at the prevailing rate.

LEGAL COSTS

The tenant will be responsible for the Landlords’ legal costs incurred in documenting the transaction.