Retail premises for sale in 37 Castle Gate, Newark NG24

Location

The premises are situated on Castlegate with return frontage to Stodman Street in a prominent town centre location on one of the principal routes linking the town with the A1/A46/A17 junction. The town centre amenities include the historic market place and water front areas, both of which are a few minutes walk from the property. Newark is an attractive and thriving market town with a resident population in the order of 40,000 serving a district population of approximately 100,000. The town is well served with excellent road and rail links. The surrounding larger centres of Nottingham and Lincoln are both within 45 minutes drive.

Description

A rare opportunity to acquire a prominent former bank premises with adjacent car park in a prominent trading location. The property was purpose built as a bank with largely open plan accommodation on the ground floor and is suited to a variety of alternative uses (subject to planning) with substantial car parking provision/external
area.

Description:-

Ground Floor
Sales/Banking Hall 1,868 sq ft (173.6 sq m)
First Floor
Offices 828 sq ft (76.9 sq m)
Storage 50 sq ft (4.66 sq m)
Male & Female WC’s - -
Basement
Storage 886 sq ft (2.3 sq m)
total (NIA) 3,632 sq ft (37.5 sq m)

Business rates

The property has a Rateable Value of £24,750. All enquires regarding Rates Payable should be made to Newark & Sherwood District Council tenure & price
The property is offered For Sale freehold with vacant possession at offers in excess of £495,000

VAT

VAT is not payable in respect of a sale of this property.

Costs

Each party to be responsible for their own legal & other costs incurred in the sale of this property