To LetTown Centre Retail Unit

9, Barnby Gate, Newark, Nottinghamshire, NG24 1PX

Description

The property comprises a well configured three storey mid-terrace retail premises with an attractive glazed frontage to Barnby Gate, one of Newark’s busiest thoroughfares into the town centre.

LOCATION

The property is prominently located within Newark town centre, just a short distance from Newark’s attractrive Market Place. Barnby Gate acts as a busy thoroughfare into the town centre.

Newark is an affluent market town situated alongside the A1 and East Coast mainline with a resident population of in excess of 35,000 and a large and affluent catchment of circa 160,000 within 20km. 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 E (Commercial, Business & Service Uses) of the Town and Country Planning (Use Classes) Order 1987 (as amended).

In the agents opinion, the property may also be suitable for a variety of alternative uses, subject to the relevant Planning Permission.

RATES

Charging Authority:  Newark & Sherwood District Council
Description:  Shop and Premises
Rateable value:  £7,700
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 property is available To Let on a new Full Repairing and Insuring lease for a term to be agreed.

VAT

VAT may 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.