To LetRetail Unit

Unit 2, The Bridge, Lincoln Road, Newark, Nottinghamshire, NG24 1HP

Description

The property comprises ground floor retail unit with large glazed frontage, protected by an electric roller shutter door, with rear door access leading to the service yard.

Internally the property is decorated to a good standard benfitting from a suspended ceiling and Cat II lighting throughout, 3 consultation rooms and DDA WC.

Externally, the property benefits from ample customer car parking.

LOCATION

The property occupies a prominent and accessible location on Lincoln Road, one of Newark’s busiest thoroughfares into the town centre. The property is located adjacent one of Lincolnshire Co-op’s busiest convenience stores within the district.

Newark is an affluent market town situated alongside the A1 and East Coast mainline with a resident population in excess of 35,000 people and a large and affluent catchment of circa 160,000 within 20km.

TOWN AND COUNTRY PLANNING

We understand that the property has more recently been used as a retail premises falling within Class A1 (Shop) of the Town and Country Planning (Use Classes) Order 1987 (as amended). We understand the property is suitable for a variety of alternative uses subject to any necessary consents.

RATES

Charging Authority:  Newark & Sherwood District Council
Description:  Shop and Premises
Rateable value:  £7,500
UBR:  0.512
Period:  2020-2021

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.

It is understood that qualifying small businesses will benefit from up to 100% Small Business Rates Relief. Any prospective tenant is advised to check with the Local Charging Authority.

TENURE

The premises are available To Let by way of a new effective Full Repairing and Insuring lease for a term of years to be agreed.

SERVICE CHARGE

A service charge will be levied to cover the upkeep, maintenance and repair of all common parts of the development.

VAT

VAT will 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.