Castlegate, Newark, Nottinghamshire
This property is not currently available. It may be sold or temporarily removed from the market.

Castlegate, Newark, Nottinghamshire

£1,800,000 OIRO

Property Details

  • Ref: 143691
  • Type: Other
  • Availability: Under Offer

Full Details

The Castlegate Centre occupies a prominent corner position at the busy junction of Castlegate and Lombard Street in the heart of the town centre. Castlegate forms part of Newark's established restaurant, café and bar circuit and is home to many good quality regional and national operators. It is close to the new Asda and bus station development which has created a new and vibrant hub of activity in the area. This development has further increased parking within walking distance of the Castlegate Centre.

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 agent P&F Commercial Tel: 01664 431330 or via email office@pandfcommercial.com

Terms
Freehold investment - for further information relating to the tenant schedule please contact or Offered for sale Freehold with an asking price of £1,800,000 plus vat.

Accommodation
UK Bowling Services LTD - 17,000 sq ft - Lease expires March 2029 - £52,000
Perys Bingo - 15,000 sq ft - Lease expires June 2025 - £35,000
Ground floor - Atrium bar - vacant - ERV - £30,000
2nd floor gym - 8 year lease from 2021 - £25,000
Kamal Shandari & Gita Banda (Everest Inn) 3085 sq ft - Lease expires December 2034 - £25,000
Vacant space 8,000 sq ft 1st Floor- Vacant - ERV £25,000

Services
We are advised that all mains services are connected to the property. These services have not been inspected or tested by the agent.

Legal Costs
Both Parties will be responsible for their own legal costs.

Available Area

Name/FloorSq FtSq MAvailability
b Investment for sale60,0005,574.18Available

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