No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Office 1/reception area
Offers in region of£230,000 | 1,555 sq ft
Added > 14 days

Property for sale

Kirk Gate, Newark
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Property
0 bed
0 bath
1,555 sq ft / 144 sq m

Property description & features

  • Tenure: Freehold
  • Freehold town centre offices
  • Mixed use retail/office accommodation
  • Nia approx 1555 sqft
  • Allocated parking
  • Grade ii listed
  • Vacant possession on completion
*FREEHOLD OFFICE INVESTMENT LET ON LEASE WITH OVER 3 YEARS UNEXPIRED* Freehold double fronted office premises with prominent frontage to Kirk Gate, a busy central shopping area in Newark Town centre. The property is Grade II listed and has a service road to the rear from Slaughterhouse Lane leading to three allocated car parking spaces. The premises have mixed office/retail use and are situated just a short walk from the Parish Church and the Georgian market place.

The accommodation provides on the ground floor four offices and a store (approx. 528sqft). To the first floor there are three offices, kitchenette and WC facilities and a further store (approx. 649sqft). Second floor accommodation provides two additional offices (approx. 378sqft).

Newark is a busy and prosperous town serving a population of approximately 35,000 with a catchment population of approximately 90,000. The town is a designated growth point with thousands of new homes under construction in Fernwood and south Newark areas. Indeed the town attracts shoppers from a wide area, many preferring this market town with a wide range of specialised shops, boutiques and also most of the multiples including Waitrose, Morrisons, Asda, Marks and Spencer, etc.

The town has excellent road access to the A1, A46 and A17 trunk roads. There are two railway stations: Newark Northgate providing services to London Kings Cross in just over 75 minutes; and Newark Castle station which provides rail links to Nottingham and Lincoln. Newark has for many years been an important centre for the antique trade. Newark Showground of course hosts the International Antiques Fair.

The building would lend itself to alternative uses in future, subject to planning permission.

Ground Floor - Double frontage with display windows either side of the front entrance door.

Office 1/Reception Area - 5.33 x 3.43 max (17'5" x 11'3" max) -

Office 2 - 3.05 x 2.69 max (10'0" x 8'9" max) -

Office 3 - 3.68 x 3.15 max (12'0" x 10'4" max) -

Office 4 - 3.18 x 2.62 max (10'5" x 8'7" max) -

Store - 1.91 x 1.42 max (6'3" x 4'7" max) -

First Floor -

Office 5 - 5.79 x 4.01 max (18'11" x 13'1" max) - With kitchenette facilities.

Wc -

Office 6 - 5.13 x 3.53 max (16'9" x 11'6" max) -

Office 7 - 4.85 x 2.87 max (15'10" x 9'4" max) -

Store - 2.31 x 2.21 max (7'6" x 7'3" max) -

Second Floor -

Office 8 - 5.44 x 3.73 max (17'10" x 12'2" max) -

Office 9 - 3.86 x 3.86 max (12'7" x 12'7" max) -

Outside - Three allocated parking spaces can be accessed from Kirk Gate via a pedestrian walkway or vehicular access is via Slaughterhouse Lane.

Tenure - The property is freehold. Let on lease to Living Waters Europe on the following terms:
Commencement date: 1st February 2023 for a term of 5 years.
Rent: £17,448 per annum
Upon expiration of the Lease term the Tenant is required to surrender the Premises in as good a state and condition as they were at the commencement of the Lease.

A copy of the lease will be made available on request.

The allocated parking spaces are long Leasehold.

Services - Mains water, electricity and drainage are understood to be available to the property.

Town & Country Planning - There is an established mixed use under Class E for retail and office accommodation.

The property is Grade II listed and situated within the town conservation area.

Rating Assessment - Rateable Value: £7,000.

Viewing - Strictly by appointment with the selling agents.



Property information from this agent

Places of interest

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    Richard Watkinson & Partners is one of the East Midlands most established estate agencies having had a presence in the area for more than 30 years. Our experienced and trusted agency has offices across the region specialising in residential and commercial sales as well as lettings. With friendly, approachable and knowledgeable staff, Richard Watkinson & Partners is known for its expertise in all areas of property. "I set up Richard Watkinson & Partners is 1988 with just three staff in a small office in North Gate, Newark. "A lot has changed since then - we now have more than 30 members of staff, six offices across the East Midlands as well as dedicated lettings, new homes and commercial agents - but the core values I set out when I started the business have remained. "High levels of customer service, a friendly, personable approach to estate agency and excellent local knowledge are all paramount in delivering a professional and effective service. These are the values upon which I built Richard Watkinson & Partners and I'm proud that these are always at the forefront of our agents' minds when dealing with customers. "Estate agency itself hasn't changed, it's still a business which orientates around people and that is something we instil in all of our staff. People still like to walk into their local estate agency, browse properties and talk to an agent who knows the area and can provide useful advice on how to buy or sell a home. All of our staff live locally and are able to provide the best possible local knowledge, providing customers with a personal service on which they can rely. "I'm proud that we remain a local, family-run business - always putting the customer first - and that our strong roots in the East Midlands continue to enable us to act as one of the region's leading agents across residential and commercial lettings and sales." -  Founder, Richard Watkinson  

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    Broadband availability and predicted speed

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