53 Castle Gate, Newark

53 Castle Gate, Newark

£325,000

Property Details

  • Ref: 209863
  • Type: Leisure
  • Availability: Available

Full Details

The Flying Circus is a well established business in the Centre of Newark. The tenants have been in occupation for over 10 years, with a new 10-year lease being renewed from June/July 2024.
The building is a 2 storey brick built property under a pitched tile roof, with single storey elevation to the rear, and large beer courtyard.

Location
The historic market town of Newark, with a catchment of over 150,000, is located approximately 16 miles south west of Lincoln, 17 miles north east of Nottingham and 13 miles north west of Grantham. The town is located at the junction of the A1, A46 and A17 and is situated on the East Coast Main Line railway. It is well known for its market, which is surrounded by attractive Georgian buildings. This, coupled with its Castle and strong reputation for antiques and antiquities, ensures it is popular with both residents and visitors.

Viewings
Viewing is strictly by prior appointment via the sole agents P&F Commercial Tel: 01664 431330 or via email office@pandfcommercial.com

Terms
Offered for sale freehold and subject to the tenant.
A new 10- year lease is being put in place on fully repairing and insuring terms (excluding roof replacement).
Year 1 rent = £26,000
Year 2 rent = £27,000
Year 3 rent = £28,000
Year 4 rent = £29,000
Year 5 onwards = £30,000

Available Area

Name/FloorSq FtSq MAvailability
b Public House for sale6,000557.42Available

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