Property to rent

Sherwood Avenue, Newark

01636 358891

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Property

0 bed

0 bath

3,900 sq ft / 362 sq m

Property description & features

To Let Retail Warehouse 3900 sq.ft
Busy Arterial Road Location
Prominent Street Frontage
Vehicular Access and Forecourt Parking
Office, Retail and Storage Space
EPC Rating B

A retail warehouse providing a gross internal area of 364 sq.m (3900 sq.ft) approximately with loading bays, office accommodation, retail and storage space. The property is offered To Let on lease (term of years to be agreed) at a rent of £18,000 per annum representing a very competitive price per sq.ft for retail space. The property, with off street frontage parking, is situated on a busy arterial road within the main built area of Newark town centre.

The accommodation provides front entrance, office, sales area, warehousing/store. Outside there is a loading bay with parking and two parking spaces.

Newark is a sizable market town with a residential population of 24,000 together with a catchment area giving a population of 113,000 approximately. The town is placed within the East Midlands area and the A1 trunk road corridor. The town is also on the main East Coast railway line with services to London and Edinburgh. Journey times from Newark Northgate to London King's Cross are just over 75 minutes.

The building, having become vacant after a long occupation by a successful local flooring company, is ideal for retail in bulky goods, storage and distribution.

The following accommodation is provided:

Reception - 5.18 x 3.86 (16'11" x 12'7") - Double glazed front entrance door and side panel, suspended ceiling, fluorescent lights, cupboard with sink unit and hot water guizer.

Office - 3.4 x 2.8 (11'1" x 9'2") - Front window, suspended ceiling, fluorescent lighting.

Toilets - Two separate WCs, each with low suite WC and wash basin.

Retail Warehouse - 11.88 x 11.28 (38'11" x 37'0") - Suspended ceiling and office partitioned off.

Loading Bay One - 1.63m x 0.94m (5'4 x 3'1) - Double doors to the frontage, Quarry tiled floor.

Loading Bay Two - 5.07 x 2.96 (16'7" x 9'8") -

Warehouse - 19.9 x 8.5 (65'3" x 27'10") - Fire exit door to Balderton Gate.

Outside - 4-5 parking spaces.

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

Lease Terms - The property is offered To Let on lease for a term of years to be agreed. Rent £18,000 per annum plus insurance rent.

Landlord repair covenant: Landlord responsible for repairs to the structure and exterior parts of the property.

Tenant repair covenant: Tenant's are responsible for internal repairs, internal and external decoration.

Rateable Value - The current rateable value (1st April 2023 to present) is £14,500. For properties with a rateable value of £12001 to £15000 small business rate relief is available on a sliding scale to applicants with a single premises. Applicants are advised to confirm eligibility with the local Authority.

Viewing - Strictly by appointment with the selling agents.

Property information from this agent

Sherwood Avenue, Newark

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Places of interest

Richard Watkinson & Partners - Kirk Gate

35 Kirk Gate Newark NG24 1AD

01636 358891

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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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