The property comprises a substantial three storey mid terrace retail premises with a glazed frontage to Stodman Street, being the prime retail pitch in Newark town centre.
The property is situated in a prime retailing location on Stodman Street in Newark, close to a large number of national retailers including Monsoon, Superdrug, Holland & Barrett, Fat Face, Vodafone, Costa Coffee, Greggs and Boots.
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 20 kms. The town enjoys above average retail spend from within its catchment (source CACI report).
TOWN AND COUNTRY PLANNING
The current use of the property falls within Class A2 (Professional & Financial Services) of the Town & Country Planning (Use Classes) Order 1987 (as amended).
In the agent’s opinion the property may also be suitable for a variety of other uses, subject to the relevant planning permission.
The property is available by way of an effectively Full Repairing and Insuring lease, for a term to be agreed.
VAT will be charged in additional to the rental at the prevailing rate.
The ingoing tenant is to be responsible for the Landlord’s reasonable legal costs incurred in documenting the transaction.