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Property
Property description & features
- Freehold Investment - Cafe Premises
- Prime Trading Area
- Lease 6 Years Unexpired
- Substantial Rental Income
- IMPORTANT - Grade II Listed Building
- Corner Location
- Extensive First Floor Accommodation
The property which dates back to the late 15th Century is timber framed and Grade II Listed. Now restored and altered, the building is well-maintained and functional as a ground floor cafe premises with first floor toilet accommodation and ancillary rooms.
The accommodation provides cafe/ coffee shop with heavily beamed ceiling and rear sitting area, a total of 525 sq.ft approximately. There is a separate kitchen and barrel vaulted cellar. The first floor provides ladies and gents toilets, four rooms and ensuite. There is a small rear yard and access.
Newark on Trent has a population of approximately 35,000 and important catchment area of a further 150,000. Newark has a growth point designation and the current economy is thriving. There is a massive expansion of housing. Trading in the town as a result is thriving and as a shopping centre Newark is an increasingly popular place to visit.
The location is a main thoroughfare between the Georgian market square, Stodman Street and Middle Gate retail areas, Paxton Court and Morrisons supermarket.
Ground Floor -
Cafe - 11.18m x 4.19m plus 4.09m x 0.84m (36'8 x 13'9 plu - Heaving beamed ceiling, dragon beam, wood block floor.
Rear Sitting Area - 3.30m x 3.81m (10'10 x 12'6) - With wood block floor.
Barrel Vaulted Cellar -
Kitchen - 3.20m x 3.05m (10'6 x 10) - Accessed from the back door of the cafe and the yard area.
First Floor -
Ladies & Gents Toilets - With disable facilities.
Inner Landing - With box room off.
Sitting Room - 4.88m x 3.56m (16' x 11'8) - With crook posts and beams. Built-in cupboard.
Room - 3.05m x 2.59m (10' x 8'6) -
Room - 3.51m x 3.61m (11'6 x 11'10) - With exposed timbers.
Room - 3.38m x 2.95m (11'1 x 9'8) - With exposed timbers.
Ensuite - Toilet, sink and shower.
Services - Mains water, electricity, gas and drainage are all connected to the property.
Tenure - The property is freehold. Let on lease to Adam Broughton on the following terms:
Commencement date 10th January 2018 for a term of 10 years.
Rent: Please enquire at the office.
Rent Review Date: January 2023
Tenant's repair liability.
A copy of the lease will be made available on request.
Viewing - Strictly by appointment with the selling agents.
Property information from this agent
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