£175,000
(£150.09/sq. ft)
Retail premises for sale18 St. Marks Lane, Newark NG24
1,166 sq. ft
EPC Rating: D
Just added
Business
Freehold
About this property
New 10 year lease on Fri terms
Producing a rent of £13,000 p.a.
Long established independent retailer
Town centre location next to the nearly completed redevelopment of the former M&S store
Rear access for deliveries and customer collections
Description
Town centre retail investment opportunity. Modern brick built shop unit with ground and first floor retail accommodation. Long established independent retail tenant. Ideal investment opportunity with long term potential for conversion of first floor accommodation
Location
Situated at the heart of the town centre in a busy thoroughfare location, St Marks Lane links the asda supemarket & car park with Stodman Street & town's historic Royal Market Place
Rateable Value
The property has a Rateable Value of £10,250 reducing to £8,300 from 1st April 2026
Services
All mains services are currently connected to the property
Tenure
The property is offered for sale Freehold subject to and with the benefit of a new 10 year Full Repairing & Insuring lease at a rent of £13,000 p.a. + VAT subject to rent review and option to break on the 5th anniversary. Further details are available on request.
Price
£175,000 + VAT
VAT
VAT is payable in respect of a sale of this property although it is anticipated that VAT togc Rules will apply. (Potential purchasers should take their own professional advice in this regard).
Viewing
ViewIng is strictly by appointment only
Town centre retail investment opportunity. Modern brick built shop unit with ground and first floor retail accommodation. Long established independent retail tenant. Ideal investment opportunity with long term potential for conversion of first floor accommodation
Location
Situated at the heart of the town centre in a busy thoroughfare location, St Marks Lane links the asda supemarket & car park with Stodman Street & town's historic Royal Market Place
Rateable Value
The property has a Rateable Value of £10,250 reducing to £8,300 from 1st April 2026
Services
All mains services are currently connected to the property
Tenure
The property is offered for sale Freehold subject to and with the benefit of a new 10 year Full Repairing & Insuring lease at a rent of £13,000 p.a. + VAT subject to rent review and option to break on the 5th anniversary. Further details are available on request.
Price
£175,000 + VAT
VAT
VAT is payable in respect of a sale of this property although it is anticipated that VAT togc Rules will apply. (Potential purchasers should take their own professional advice in this regard).
Viewing
ViewIng is strictly by appointment only
Mortgage calculator
Monthly repayment
£875 per month
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