To LetRetail Unit

18, Stodman Street, Newark, Nottinghamshire, NG24 1AT

Description

The property comprises an attractive two storey mid terraced retail premises with a glazed frontage to Stodman Street, which is the prime retail pitch in Newark Town Centre.

Internally the property is fitted out to a good standard to provide ground floor retail area with upper floor ancillary storage and staff areas.

LOCATION

The property is situated in a prime retailing location on Stodman Street in Newark, close to a large number of national retailers including Boots, Greggs, Costa Coffee, Holland & Barrett, EE, Vodafone and O2. The property is a short walk from the towns historic and busy market place which has weekly markets on Monday, Wednesday, Thursday, Friday and Saturday.

Newark is a popular and well regarded Nottinghamshire market town situated alongside the A1 and East Coast main rail line with a resident population of circa 35,000 and catchment of circa 160,000 within approximately 12 miles. Newark is situated 20 miles south west of Lincoln and 20 miles north east of Nottingham.  It provides good road links to the national road network via the A1 which runs around the eastern side of the town and also sits on the main East Coast Rail Line, so enjoys a regular train service to London Kings Cross.

Services

We understand that mains supplies are available and connected to the property.  These have not been tested and interested parties are advised to make their own investigations to the relevant utility service providers.

Town & Country Planning

We understand that the property has consent for uses falling within Class E (Commercial, Business & Services Use) of the Town and Country Planning (Use Classes) Order 1987 (as amended 2020).

Class E now encompasses a number of uses formerly known as A1 (Shops), A2 (Professional & Financial Services), A3 (Restaurant & Cafés), B1 (Business) and D1 (Clinics, Health Centre, Crèche & Day Nurseries).

Tenure

The property is available To Let  by way of a full repairing and insuring lease for a term to be agreed.

Rent

£25,000 per annum exclusive

VAT

VAT will not be charged in addition to the rent at the prevailing rate.

Legal Costs

Each party is to be responsible for their own legal costs incurred in documenting the transaction.