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Full Details

100,000 Per Annum

Navigation Yard, Newark

Features

  • UNIQUE APART/HOTEL OPPORTUNITY
  • LEASEHOLD
  • GRADE II LISTED WAREHOUSE
  • RIVERSIDE LOCATION
  • HISTORICAL TOWN CENTRE LOCATION
  • STUNNING RIVER VIEWS
  • ON SITE CAR PARKING
  • OFFICE/RECEPTION/GYM & 9 APARTMENTS
  • CURRENTLY A SHELL
  • FIT OUT OPTIONS AVAILABLE

Floorplan

Description

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An unusual opportunity for an apart/hotel occupier to acquire this superb riverside opportunity providing a Grade II listed warehouse building arranged over 5 floors, currently a shell with all external works completed, with current planning consent for 9 apartments plus reception offices and gym, with the opportunity & plans drawn up to accommodate 12 apartments subject to gaining planning consent. There is car parking on site providing 14 spaces. The property is situated in an enviable position on Navigation Yard directly adjoining the River Trent, just off Millgate in the historic part of the market town of Newark.
TRANSPORT LINKS
Newark lies reasonably centrally within the United Kingdom and is well placed for access to the A1 for commuting north Retford (14 miles), Worksop (20 miles) and Doncaster (30 miles) and south to Grantham (25 miles), Stamford (45 miles) and Peterborough (57 miles). The A46 for commuting to Nottingham (20 miles), Lincoln (12 miles) and Leicester (30 miles). There is good public transport links within the town, including direct rail services to London Kings Cross, from Newark Northgate Railway Station, with journey times of approximately 1 hour 15 minutes and to Leeds in approximately 50 minutes. Further East Midlands train services run from Newark Castle Railway Station to the cities of Lincoln and Nottingham. East Midlands Airport is located approximately 28 miles distant and Robin Hood Doncaster Airport is located approximately 29 miles distant. Regular bus services run locally through the villages and to the city of Nottingham.

Newark is an historic and vibrant market town which lies on the banks of the River Trent in the heart of the East Midlands. The town is well known locally for its historic Newark castle and gardens overlooking the river hosting a number of events and music concerts throughout the year, The town centre enjoys a beautiful Georgian market place and a mix of national and local retailers with many individual shops which define Newark as a unique shopping experience and not just another High Street. There is also a well developed cafe culture with many boasting river views. Recently opened in the town is the new National Civil War Centre which tells the story of Newark and its residents and to demonstrate the resilience of ordinary lives set against affairs of the nation and the world and to interpret the British Civil Wars and Newark's key role in them. The town has a strong association with antiques and collectables and is world renown for its International Antiques Fair held every other month at the Newark Showground. Also available in the town are river trips along the Newark Trent on the Newark Line during the summer and Bank Holidays, riverside walks, the Newark Beer Festival, the Newark Carnival and not forgetting the Newark museum.

NEWARK TOURISM
The town also has an active showground which hosts a number of national events throughout the year including classic bike festivals, agricultural shows, toy fares and an Americana event. It is paramount for entertainment and leisure facilities. Newark enjoys a multi-screen cinema, a bowling alley, the Palace Theatre which hosts a range of productions and also the popular Grove Leisure Centre and a new leisure centre due to be completed in 2016. Newark is also home to one of the oldest bowls clubs in England, established in 1790.

FIT OUT
The building is currently in a shell format, renovated, wind and water tight with a Premier Guarantee. The lessee has the option of an unusual opportunity to provide input into the fit out of the building. There is also potential and plans drawn up for the building to provide 12 apartments, subject to gaining the necessary planning consent.

ACCOMMODATION
The property is a 19th Century, Grade II listed former warehouse/malting premises with brick elevations beneath a hipped slate roof with aluminium replacement double glazed windows and construction of the lift shaft. Internally the property has many original features including heavily beamed ceilings, exposed brickwork and steel columns.

OFFICE SUITE ONE
With direct access from the front of the property and views directly over the river with 2 cellular offices and a disabled WC comprising 48m² (517ft²).

RECEPTION AREA
For the offices and flats providing access to the lift which services all five floors, stairwell and gym.

GYM
Comprising an open plan area with views directly over the river comprising 39m² (420ft²).

MAINTENANCE AREA
To the far side of the archway will comprise a maintenance area including a plant room, maintenance store and further store, bin store. This will service all of the apartments.

FIRST FLOOR

OFFICE SUITE TWO
A self-contained suite comprising 2 cellular offices, a store and disabled WC with tea preparation area comprising 41m² (420ft²).

OFFICE SUITE THREE
A shared reception area provides access to office No. 3 comprising 13m² (140ft²).

OFFICE SUITE FOUR
A shared reception area provides access to a single open plan room with views overlooking the river and incorporating a tea preparation area.

DISABLED WC
Accessed off the shared lobby between offices 3 and 4.

OFFICE SUITE 5
With shared access off the main corridor leading to an open plan area with views over the river with a tea preparation area comprising 77m² (828ft²).

OFFICE SUITE SIX
With shared access off the main corridor leading to an open plan office comprising 73m² (786ft²).

SECOND FLOOR

FLAT 1
With kitchen/living/dining room, bedroom 1, en suite, bedroom 2, bathroom comprising 67m² (721ft²).

FLAT 2
Comprising kitchen, living, dining room, with river views, bedroom 1, en suite, bedroom 2, bathroom comprising 73m² (786ft²).

FLAT 3
Comprising living, kitchen, dining area with river views, bedroom 1, en suite, bedroom 2 and bathroom, comprising 73m² (786ft²).

THIRD FLOOR

FLAT 4
With kitchen, living area, bedroom 1, en-suite, bedroom 2, bathroom and airing cupboard. This flat comprises 77m² (829ft²).

FLAT 5
With kitchen, dining/living area with river views, bedroom 1, en-suite, bedroom 2, bathroom and airing cupboard. This flat comprises 77m² (829ft²).

FLAT 6
With kitchen, living/dining area with river views, bedroom 1, en-suite, bedroom 2, bathroom and airing cupboard. This flat comprises 73m² (786ft²).

FOURTH FLOOR

FLAT 7
A duplex flat with river views, comprising kitchen, living/dining area, bedroom 1, en-suite, bedroom 2 and bathroom. Stairs rising to the fifth floor which provides a lounge. This flat comprises 120m² (1,292ft²).

FLAT 8
A duplex flat, comprising kitchen with river views, dining room with stairs up to the fifth floor, bedroom 1, en-suite, bedroom 2, bathroom, fifth floor comprising a large lounge area. This flat comprises 109m² (1,173ft²).

FLAT 9
With kitchen, dining/living area with river views, bedroom 1, en-suite, bedroom 2 and bathroom. This flat comprises 76m² (818ft²)

OUTSIDE
There is a car park to the front of the building providing 8 car parking spaces with a further area to the rear of the property capable of providing 6 extra car parking or visitors’ spaces. 

We have measured the building in accordance with the Code of Measuring Practice, 6th Edition, to its’ net internal area of 10,323 sq.ft

SERVICES
We understand that mains water, electricity, gas and drainage are all connected to the property. The central heating system will be available in each flat.

A fully operational lift will service all floors.

PLANNING
The building has both listed building consent and full planning consent from Newark & Sherwood District Council, Application No. 11/00228/FUL and listed building consent Application No. 11/00229/LBC allowing for the conversion of the building to 9 residential units and 6 offices including car parking and external alterations. We are aware that plans have been drawn up to vary the planning consent to 12 apartments however this consent has not yet been granted.

TENURE
A new full repairing lease is available with a minimum term of 5 years, with details to be agreed.

POSSESSION
Vacant possession will be given on completion.

MORTGAGE
Mortgage advice is available through our Mortgage Adviser. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

VIEWING
Strictly by appointment with the selling agents.



Viewing
Please contact our Newark Office on 01636 611811 if you wish to arrange a viewing appointment for this property or require further information.

Disclaimer
Richard Watkinson endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.

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