Market Place, Newark

Commercial Property for rent in Newark

An iconic Grade II* listed building with a prominent frontage to Newark Market Place, providing first floor former accountancy offices (2360 sq.ft) approximately. The property is offered To Let on Lease.

The property is located within the corner of Market Place and White Hart Yard, with frontage to the busiest trading area in Newark Town Centre. Occupiers in the vicinity include Boots, TUI travel agents, W H Smith, Works and Bon Marche, amongst many other national and local retailers.

The Georgian Market Place, with many fine buildings, is a significant tourist attraction to the area. The nearby 12th Century Castle, riverside areas, St Mary's church and the National Civil War Museum are local features.

Newark is a sizeable Market Town with a residential population of 25,000, together with a catchment area giving a population of 113,000 approximately. The area is placed reasonably centrally in the UK and is well placed for access to the A1 for commuting North and South. Newark is on the main East Coast railway line with regular railway services to London King's Cross with journey times just over 75 minutes.

The offices are accessed from the archway and Olde White Hart Yard.

First Floor -

Back Room - 6.07m x 5.61m (19'11 x 18'5) - With a chimney breast feature and Queen Post truss. Night storage heater, two windows, fluorescent and spot lighting.

Office - 6.83m x 5.31m (22'5 x 17'5) - Heavily beamed ceiling, fluorescent lights.

Office - 6.86m x 5.79m (22'6 x 19') - Heavily beamed ceiling, three night storage heaters.

Rear Lobby -

Gents Wc - With two basins, separate WC and two urinals.

Ladies Wc - WC and wash basin.

Rear Lobby And Staircase To Second Floor -

Second Floor -

Galleried Landing -

Office - 14.58m x 6.10m (47'10 x 20') - Fluorescent lighting, night storage heaters.

Services - Mains water, electricity and drainage are all connected to the property.

Vat - The building is elected for VAT which is chargeable on the rent, in this transaction.

Epc - As a Grade II* listed building the property is exempt from an Energy Performance Certificate.

Legal Costs - Each party will be responsible for their own legal costs occurred in this transaction.

Business Rates - The current Rateable value (1st April 2023 to present) is listed on the Valuation Office website, £25,500. There will be a need to reassess the Rateable Value if the ground floor and upper offices are in separate occupation.

Note - The freehold interest in this property is available alternatively For Sale - Offers In Excess of £125,000.

Important information

Property Ref: 59503_32758363