The Buttermarket’s prominent Victorian entrance on Middlegate is a focal point of the town and provides an attractive gateway linking the vibrant Middlegate through to the attractive and bustling famous Market Place, which operates Monday, Wednesday and Thursday each week.
The Buttermarket was recently acquired by Newark & Sherwood District Council and has benefitted from extensive refurbishment which has attracted occupiers such as Specsavers, Tambo Lounge (Loungers) and Iguazu.
Newark & Sherwood District Council continue to invest significantly into the scheme by fully refurbishing both the atrium and the former public house to provide an attractive and flexible space suitable for a variety of exciting potential uses.
Access to the first floor will be provided by both a new focal staircase and DDA compliant passenger lift. The former public house will also be accessed via Chain Lane.
The accommodation is situated on the first floor of The Buttermarket Shopping Centre, which has its main access off Middlegate within the heart of Newark town centre.
Newark is well served by a large number of national retailers including Loungers, Boots, Holland & Barratt, Specsavers, Costa Coffee, Greggs, Starbucks, EE and New Look.
Newark is also home to over 100 independent shops ranging from beautiful homeware, fashionable clothing, toy shops, florists, butchers, bakers and even a bespoke opticians.
Newark town centre also benefits from the NCP multi-storey car park, Asda Superstore and a new 66-bed Travelodge Hotel.
The town is also a popular tourist destination and offers a range of attractions, such as picturesque river trips, the historic Castle, Palace Theatre, a cinema and the National Civil War Museum.
Newark has recently been awarded £25 million of funding as part of the Government’s Town Fund initiative which will go towards significantly regenerating the town centre, boosting business and improving infrastructure.
Newark is an affluent market town situated alongside the A1 and East Coast Mainline with a resident population of circa 35,000 and a large and affluent catchment of circa 160,000 within approximately 12 miles. The town enjoys above average retail spend from within its catchment (source CACI report).
All mains services including gas, water, electricity and drainage are connected to the property.
These have not been tested and interested parties are advised to make their own enquiries to the relevant utility service providers.
TOWN AND COUNTRY PLANNING
We understand the property has consent for a number of uses, falling within Class E (Commercial, Business & Service Uses) of the Town & Country Planning (Use Classes) Order 1987 (as amended).
It is envisaged that the property is suitable for a wide range of commercial uses, including retail, offices, restaurant, educational uses, health and medical related uses including Clinics and Surgeries.
Newark & Sherwood District Council will consider each proposal on their specific merits.
Charging Authority: Newark & Sherwood District Council
Rateable value: To be assessed upon occupation
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.
The respective accommodation will be available To Let on new leases for a term to be agreed.
The leases will be drawn on the equivalent of Full Repairing and Insuring terms by way of a service charge which will cover external maintenance and the upkeep of the common areas within The Buttermarket. Further details will be made available upon request.
VAT will be charged in addition to the rent.
Each party is to be responsible for their own legal costs incurred in documenting the transaction.