We are delighted to offer to the market this superbly presented, versatile, modern office building. It has been refurbished throughout and comprises a contemporary open plan working environment. The building has independent access and is fully serviced with their own kitchen, WC and disabled WC. The building occupies a prominent position within Halifax Court, Fernwood and provides 9 marked car parking spaces in a block paved area to the front of the building.
Location - The subject property is located on Halifax Court, which forms part of the Fernwood Business Park, located adjacent to the A1 and its junction with the B6326, approximately two miles south of Newark town centre. Fernwood Business Park is adjacent to a large new housing estate, which is part of the growth area for Newark. Therefore this has a range of its own facilities including bars, restaurants, shops, a new primary and secondary school, nursery and bus services.
The property is accessed just off the Cross Lane entrance to the business park, with excellent prominence at the front of the estate. The neighbouring properties are all office occupiers with businesses including Newark Advertiser, Fisher German, Carter Real Estate, Capital, CM Associates, Specialist Finishers Ltd, Symphony Retail, Built Environment Design Partnership and Tomlinson. These are all good regional covenants providing for a high quality business park.
Local Area - Fernwood is outlined as one the main growth areas of Newark and therefore located adjacent to 649 acres of sustainable urban extension.
The area is outlined for further growth including large expansion plans for the town. The land south of Newark, between Hawton Lane and Staple Lane, leading across to Fernwood has been allocated for 3,150 new homes, 49 hectares of employment land, a new network of cycle paths and green ways, 1500 sq metres of community facilities, new doctors' surgeries and local district centres, 41 hectares of formal open space and sports pitches. This is looking to be delivered for 2025 with work on the new southern link road well progressed.
Transport Links - Newark is a sizeable market town with a residential population of 24,000, together with a catchment area with a population of 113,000. The area is placed reasonably centrally in the UK and is well placed for access to the A1 for commuting south to Grantham (14 miles), Stamford (45 miles) and Peterborough (57 miles), and north to Retford (14 miles), Worksop (20 miles) and Doncaster (30 miles). The A1 is only 2 miles from the property and the A46 approximately 1.5 miles distance. Northgate Railway Station has a regular and frequent east coast mainline service to London Kings Cross with a usual journey time of 75 minutes and Leeds with a journey time of approximately 55 minutes.
The Property - The property comprises a semi detached, two storey, high quality modern office buildings with 9 allocated car parking spaces. The property is of steel frame construction, with brick elevations beneath a steel profile clad roof and is approximately 10 years old.
Offices - The office building has an impressive reception area with steel staircase leading up to the first floor a kitchen area, disabled WC and further WC, plus a useful storage area. The offices provide for a modern open plan working environment on both floors with areas sectioned off for meeting and conference rooms.
The internal specification includes suspended ceiling with recessed LED lighting, full accessed raised floors, air conditioning and comfort cooling, double glazed windows, 100 MB broadband, carpeted floors and perimeter trunking.
Floor Areas - UNIT 9 - 2540 sq.ft (235 sq.m)
Tenure - We understand the property is held on a 999 year lease from September 2007 with a Peppercorn Ground Rent of £1 per annum.
Service Charge - There is an estate service charge in respect of the maintenance of the Business Park, which has a current total of £997.50 per annum for both units. This includes landscaping, general site maintenance, estate charge contributions, auditing of the service charge accounts, health & safety audit, public liability insurance, gritting, travel plan administration and management fees.
Planning - The established use of the property is B1 (Office and Premises) under the Town & Country Planning (use classes) Order.
Services - The property is connected to mains water, electricity and drainage. The property has air conditioning and comfort cooling.
Business Rates - The offices will need to be reassess for Business Rate purposes, as they were current assessed and occupied as a pair.
Vat - It is understood that VAT is applicable to this transaction.
Legal Costs - Each party to bear their own legal costs incurred with this transaction.
Price - The Unit is available at a price of £275,000.
Viewing - Strictly by appointment with the selling agents. For further information please contact Kirsty Keeton.