18 St. Marks Lane

Newark, NG24 1XS

1,166 sq ft

Town Centre Investment For Sale. Business Unaffected.

Summary

New 10 year lease on FRI terms
Producing a rent of £13,000 p.a.
Long established independent retailer
Town centre location next to the nearly completed redevelopment of the former M&S store
Rear access for deliveries and customer collections

Accommodation

The accommodation comprises the following areas:

Name	Floor/Unit	Size	EPC	Availability
Ground - Retail & Ancillary	Ground	588 sq ft	C (57)	Available
1st - Retail & Ancillary	1st	578 sq ft	C (57)	Available

Location

Situated at the heart of the town centre in a busy thoroughfare location, St Marks Lane links the ASDA supemarket & car park with Stodman Street & town's historic Royal Market Place

Get directions from Google Maps

Mainline Stations

Newark Castle

6 mins
Newark North Gate

13 mins
Rolleston

72 mins
Fiskerton

83 mins

Underground Station

Chesham

1835 mins
Amersham

1877 mins
Broxbourne

1888 mins
Chalfont and Latimer

1889 mins

Further Information

Price £175,000

Rates Payable Upon Enquiry

EPC Rating This property has been graded as C (57)

Description

Town centre retail investment opportunity. Modern brick built shop unit with ground and first floor retail accommodation. Long established independent retail tenant. Ideal investment opportunity with long term potential for conversion of first floor accommodation

Rateable Value

The property has a Rateable Value of £10,250 reducing to £8,300 from 1st April 2026

Services

All mains services are currently connected to the property

Tenure

The property is offered for sale Freehold subject to and with the benefit of a new 10 year Full Repairing & Insuring lease at a rent of £13,000 p.a. + VAT subject to rent review and option to break on the 5th anniversary. Further details are available on request.

Price

£175,000 + VAT

VAT

VAT is payable in respect of a sale of this property although it is anticipated that VAT TOGC Rules will apply. (Potential purchasers should take their own professional advice in this regard).