Commercial property for sale in Kirk Gate, Newark NG24, £230,000

230,000.00

Offer Nr.:
61256254
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
Richard Watkinson & Partners
Phone(s):
01636 358577

* Freehold
* Freehold Investment - Cafe Premises
* Prime Trading Area
* Lease 6 Years Unexpired
* Substantial Rental Income
* Important - Grade II Listed Building
* Corner Location
* Extensive First Floor Accommodation
Freehold cafe and coffee shop investment situated on the corner of Middle Gate
and Kirk Gate in a prime retail trading town centre area. The property is let
on lease with 6 years unexpired producing a substantial income.
The property which dates back to the late 15th Century is timber framed and
Grade II Listed. Now restored and altered, the building is well - maintained and
functional as a ground floor cafe premises with first floor toilet
accommodation and ancillary rooms.
The accommodation provides cafe/ coffee shop with heavily beamed ceiling and
rear sitting area, a total of 525 sq. ft approximately. There is a separate
kitchen and barrel vaulted cellar. The first floor provides ladies and gents
toilets, four rooms and ensuite. There is a small rear yard and access.
Newark on Trent has a population of approximately 35, 000 and important
catchment area of a further 150, 000. Newark has a growth point designation and
the current economy is thriving. There is a massive expansion of housing.
Trading in the town as a result is thriving and as a shopping centre Newark is
an increasingly popular place to visit.
The location is a main thoroughfare between the Georgian market square,
Stodman Street and Middle Gate retail areas, Paxton Court and Morrisons
supermarket.
**Ground Floor**
**Cafe (11. 18m x 4. 19m plus 4. 09m x 0. 84m (36'8 x 13'9 plu)**
Heaving beamed ceiling, dragon beam, wood block floor.
**Rear Sitting Area (3. 30m x 3. 81m (10'10 x 12'6))**
With wood block floor.
**Barrel Vaulted Cellar**
**Kitchen (3. 20m x 3. 05m (10'6 x 10))**
Accessed from the back door of the cafe and the yard area.
**First Floor**
**Ladies & Gents Toilets**
With disable facilities.
**Inner Landing**
With box room off.
**Sitting Room (4. 88m x 3. 56m (16' x 11'8))**
With crook posts and beams. Built - in cupboard.
**Room (3. 05m x 2. 59m (10' x 8'6))**
**Room (3. 51m x 3. 61m (11'6 x 11'10))**
With exposed timbers.
**Room (3. 38m x 2. 95m (11'1 x 9'8))**
With exposed timbers.
**Ensuite**
Toilet, sink and shower.
**Services**
Mains water, electricity, gas and drainage are all connected to the property.
**Tenure**
The property is freehold. Let on lease to Adam Broughton on the following
terms:
Commencement date 10th January 2018 for a term of 10 years.
Rent: Please enquire at the office.
Rent Review Date: January 2023
Tenant's repair liability.
A copy of the lease will be made available on request.
**Viewing**
Strictly by appointment with the selling agents.

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)