Flying Circus - Investment for sale, 53 Castle Gate, Newark, NG24 1BE
£54.17 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
6,000 sq ft
557 sq m
- SECTOR
Leisure facility for sale
Key features
- 10 year lease (no Breaks)
- Rental increasing from £26k to £30k over 5 years
- Long established tenant
- Guide price £325k
- Finance available subject to status
Description
The building is a 2 storey brick built property under a pitched tile roof, with single storey elevation to the rear, and large beer courtyard.
The historic market town of Newark, with a catchment of over 150,000, is located approximately 16 miles south west of Lincoln, 17 miles north east of Nottingham and 13 miles north west of Grantham. The town is located at the junction of the A1, A46 and A17 and is situated on the East Coast Main Line railway. It is well known for its market, which is surrounded by attractive Georgian buildings. This, coupled with its Castle and strong reputation for antiques and antiquities, ensures it is popular with both residents and visitors.
Viewing is strictly by prior appointment via the sole agents P&F Commercial Tel: or via email
Offered for sale freehold and subject to the tenant.
A new 10- year lease is being put in place on fully repairing and insuring terms (excluding roof replacement).
Year 1 rent = £26,000
Year 2 rent = £27,000
Year 3 rent = £28,000
Year 4 rent = £29,000
Year 5 onwards = £30,000
The accommodation comprises the following areas:
Brochures
Flying Circus - Investment for sale, 53 Castle Gate, Newark, NG24 1BE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newark Castle Station0.3 miles
- Newark North Gate Station0.7 miles
- Rolleston Station3.7 miles
About P&F, Commercial
18 Midland Court Station Approach Oakham Rutland LE15 6RA
P&F Commercial are the only dedicated sole Commercial Estate Agency in Rutland with unrivaled regional knowledge and forty years’ combined experience. P&F Commercial can offer the kind of assurance and exceptional personal attention clients know they can depend on when making important commercial property decisions.
Notes
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