NG24 Unit 4, Beaumond Cross, Lombard Street, Newark

A parade of retail units forming part of the Beaumond Cross Retail Scheme. This unit is capable of accommodating a mezzanine to further increase the floor space.

The unit is finished off to a shell specification internally, ready to take a tenant shopfit, whilst externally the shopfront has been installed by the Landlord.

Full details on the unittts specification is available on request. This specification also contains information on the service capacity for the unit.

TENURE

The property is available on a new lease for a term to be agreed.

The lease will be drawn on the equivalent of Full Repairing and Insuring terms by way of a service charge for external maintenance and the upkeep of the common areas within the development.

RENT

The unit is available To Let on the basis of a rent calculated at £10.50 per sq ft based on a gross internal area of the space occupied.

The Landlord is prepared to discuss appropriate incentives, dependent upon each individual specific proposal.

VAT

VAT will be payable in addition to the rent at the prevailing rate.

The unit is situated adjacent to the townnns Asda Superstore and bus station, in a prominent central location on the corner of Lombard Street and Portland Street.

The townnns established prime retail pitch is located a short walk to the north and nearby retailers within the St Markkks retail scheme directly opposite the site include New Look, Wilkos, Costa and Clarks Shoes.

In addition to the new Travelodge Hotel and Asda Superstore, other tenants within the scheme include Subway, Lloyds Pharmacy, Barnardooos and Your Home, and the main town centre doctorsss surgery - The Lombard Medical Centre.

Newark is an expanding prosperous market town with a population of circa 35,000 and a large and affluent catchment within 20kms of 160,000. The town is strategically located at the junction of the A1, A46 and A17 and has excellent direct rail links into Kings Cross - travel time 1 hour 20 minutes. The

town enjoys above average retail space from within its catchment. (Source CACi Report 2013).