The property comprises a modern office building in the process of being refurbished to a high specification and arranged over ground and first floor.
Location
Newark is a popular market town within a population of approximately 35,000 people. Nearby centres include Lincoln, approximately 20 miles to the north east, Mansfield approximately 20 miles to the west and Nottingham approximately 21 miles to the south west.
Northern Road lies to the east of the town centre and benefits from access to the A1 trunk road and the dualled A46 to Leicester and the M1. The property is located very close to Newark North Gate railway station, which offers a direct line to London Kings Cross with an average journey time of 1 hour and 20 minutes.
Nearby occupiers include NSK Europe, Sports Direct, Vodaphone and Timico, amongst others.
Accommodation
The property has been measured on a Net Internal basis. All figures quoted are for guidance purposes.
Ground Floor - 5,000 sqft (465 sqm)
First Floor - 5,000 sqft (465 sqm)
Total - 10,000 sqft (930 sqm)
Terms
The property is offered on a new full repairing and insuring lease on flexible terms, available as a whole or individual floors.
RENT
£10.50 per sq ft exclusive.
PRICE
Alternatively, the property is available on a freehold basis at £995,000, exclusive of VAT.
VAT
VAT will be applicable to this transaction.
LEGAL COSTS
Each party to be responsible for their own legal costs involved in this transaction.
Specification
- Prominent roadside and rail side frontage
- Established commercial location, 1.5 miles from the A1
- High specification self contained office building
- 51 dedicated on site car parking spaces
- Air conditioning.
- Raised access floors.
- Suspended ceilings with inset Cat V lighting.
- Feature full height part glazed elevation.
- Passenger lift.
- 51 dedicated on site car parking spaces.
- Landscaped outside area.