£6,600 pa
(£29.33/sq. ft. pa)
Retail premises to let14 Chain Lane, Newark NG24
225 sq. ft
About this property
Recently refurbished shop available “To Let”
Adjoining boutique retailers such as Jane Young
Centrally located in the retail district of Newark Town Centre
Available Immediately on a new Head Lease
Potential for 100% Business Rates Relief (Subject to status)
Estimated Rates Payable: £2020.5
Description
The premises are self-contained and form part of a Grade II Listed building with a prominent frontage to Chain Lane, an attractive retail street scene which connects Middlegate with the Market Place. There has been refurbishment works undertaken in recent years including the installation of energy efficient lighting and new flooring.
Location
Newark is an attractive and thriving market town with a population of 36,000 with regular markets serving a district population of approximately 90,000. The town is well served with excellent communication links via the A1, A1, A46 & A17 trunks roads, and the East Coast main rail line to London. The surrounding Cities of Nottingham and Lincoln are both within approximately 40 minutes’ drive.
Terms
The premises are available ‘To Let’ on a new lease for a term to be agreed at a rent of £6,600 per annum plus VAT. The Lease will be on an internal repairing basis with a service charge payable for external repairs and insurance (£25 pcm).
Services
We understand that mains electricity, water and drainage are connected to the property. Interested parties should make their own enquiries as to the capacity and suitability of the services available.
Rateable Value
The rateable value is £4,050 (information obtained from the Valuation Office Agency Website). An ingoing tenant may be eligible for Small Business Rate Relief, subject to status. All enquiries regarding Business Rates should be made directly to nsdc’s Business Rate Department – Tel.
VAT
All figures quoted are exclusive of VAT which is payable at the prevailing rate.
Legal Fees
Each party to be responsible for their own legal and professional costs incurred in creating the Lease.
The premises are self-contained and form part of a Grade II Listed building with a prominent frontage to Chain Lane, an attractive retail street scene which connects Middlegate with the Market Place. There has been refurbishment works undertaken in recent years including the installation of energy efficient lighting and new flooring.
Location
Newark is an attractive and thriving market town with a population of 36,000 with regular markets serving a district population of approximately 90,000. The town is well served with excellent communication links via the A1, A1, A46 & A17 trunks roads, and the East Coast main rail line to London. The surrounding Cities of Nottingham and Lincoln are both within approximately 40 minutes’ drive.
Terms
The premises are available ‘To Let’ on a new lease for a term to be agreed at a rent of £6,600 per annum plus VAT. The Lease will be on an internal repairing basis with a service charge payable for external repairs and insurance (£25 pcm).
Services
We understand that mains electricity, water and drainage are connected to the property. Interested parties should make their own enquiries as to the capacity and suitability of the services available.
Rateable Value
The rateable value is £4,050 (information obtained from the Valuation Office Agency Website). An ingoing tenant may be eligible for Small Business Rate Relief, subject to status. All enquiries regarding Business Rates should be made directly to nsdc’s Business Rate Department – Tel.
VAT
All figures quoted are exclusive of VAT which is payable at the prevailing rate.
Legal Fees
Each party to be responsible for their own legal and professional costs incurred in creating the Lease.
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