Middlegate, Newark

A Town Centre shop premises to let with existing Class E use. The property has a 22ft frontage to Middle Gate, a prime retail trading area with four way foot traffic via Chain Lane, Boar Lane and Middle Gate. This situation forms an important link between the Market Place and Stodman Street where many of the multiples are represented, and the Paxton's Court shopping area with the Morrisons supermarket and parking.

The property stands prominently and would suit niche trades including retail, beauty & wellness and bakery/coffee shop. The property has a street frontage entrance and a secure separate side entrance.

Newark on Trent is a thriving and expanding market town with a population of approximately 35,000 and a catchment of around 115,000. Ongoing residential development is supporting strong economic growth, while the town benefits from a diverse commercial base, high employment levels and good local affluence. Newark combines historic character, including Newark Castle and the Georgian Market Place, with excellent transport links via the A1, A46 and direct rail services to London in just over 75 minutes.

The following accommodation is provided:

GROUND FLOOR

SALES AREA 6.76m x 3.40m (22'2 x 11'2)
Plus 14'4 x 8'5. Front display window and entrance door. Suspended ceiling and lighting.

KITCHENETTE 3.73m x 2.31m (12'3 x 7'7)
Measured to the staircase.

FIRST FLOOR

OFFICE ONE 3.58m x 3.35m (11'9 x 11')
With front window.

OFFICE TWO 3.51m x 3.35m (11'6 x 11')
With front window.

STORE ROOM ONE 3.28m x 2.26m (10'9 x 7'5)

STORE ROOM TWO 2.69m x 2.62m (8'10 x 8'7)

WC

SERVICES
Mains water, electricity and drainage are connected to the property. There are smoke alarms fitted. The property is within the Newark and Sherwood District Council surveillance camera area. A camera is attached to the building and the control box is subject to access given reasonable notice by Newark and Sherwood District Council for maintenance. There are no charges or responsibility on the tenant for the surveillance equipment.

LEASE TERMS
The property is offered to let on lease for a term of 5 years at a rent of £10,000 per annum exclusive subject to a Rent Review on the third anniversary of the lease. The lease is available on a Fully Repairing and Insuring basis (FRI). Rent Deposit £2,500.

BUSINESS RATES
The rateable value (from 1st April 2026) is £13,500. The small business multiplier is 49.9p in the pound. Small business rate relief may apply.

FIXTURES & FITTINGS
The fixtures and fittings include security doors, security alarm system and fire alarm system, subject to servicing and recommissioning by the incoming tenants.

VIEWING
Strictly by appointment with the letting agents.