The property comprises the first and second floors of a modern three storey office building of steel frame construction with composite clad, brick and glazed elevations.
The property provides open plan offices, meeting rooms, private offices, staff and WC facilities over the two floors accessed via both stair and passenger lift. The office areas are generally finished with painted plastered walls, carpet tiled raised floors and suspended ceilings incorporating inset lighting and air conditioning units.
Externally, the property has 43 parking spaces allocated to the first floor accommodation, and 46 parking spaces allocated to the second floor accommodation.
EPC Rating – C62
Having measured the property in accordance with the prevailing RICS Property Measurement Guidance, we calculate that it provides the following floor areas:
First Floor: 381 sq m (4,101 sq ft)
Second Floor: 411 sq m (4,423 sq ft)
Total NIA: 792 sq m (8,524 sq ft)
The property occupies a prime business park location a short distance south of Newark town centre with surrounding occupiers including UMC Architects and the Newark Beacon Innovation Centre.
The position provides quick access to the town centre and is only 1 mile from the A1. It also benefits from proximity to both the Newark Castle and Newark North Gate main line railway stations.
We understand that main supplies of water, drainage, electricity and gas are available and connected to the property. Interested parties are advised to make their own investigations in this regard.
TOWN AND COUNTRY PLANNING
We are advised by the Local Planning Authority that the property has consent falling within Class E(g)(i) (Offices) of the Town & Country Planning (Use Classes) Order 1987 (as amended).
Charging Authority: Newark & Sherwood District Council
Description: Offices and Premises
Rateable value: To be separately assessed
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 first and second floors are available To Let either as a whole or on a floor by floor basis by way of a sub-lease on terms to be agreed.
First Floor: £41,000 per annum exclusive
Second Floor: £44,000 per annum exclusive
A service charge may be levied to cover the upkeep, maintenance and repair of all common parts of the development.
VAT may be charged in addition to the rent at the prevailing rate.
Each party is to be responsible for their own legal costs incurred and documented in transaction.