NOTTINGHAMSHIRE - 8.5 ACRE FOOTBALL GROUND, BOWLS GREEN AND SOCIAL CLUB
Balderton, Newark, Nottinghamshire
Ref: 91295
Leasehold Nil Premium
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Key Features
Precis
Newark Sports & Social Club, Hawton Lane, Balderton, Newark, Nottinghamshire, NG24 3BU - Nil Premium Leasehold & POA Freehold Opportunity - Initial Rent £45,000 per annum - 40 Year Term.
Location
The Newark Sports & Social Club is situated in the Newark suburb of Balderton. Newark and its surrounding suburbs lie on the River Trent in the east of the county, on the border with Nottinghamshire and Lincolnshire, directly adjacent to the A1 motorway which flows south to the capital. The town benefits from many notable amenities including the castle and gardens (which date back to 1123), the National Civil War Centre & Newark Museum and the golf club which is located on the outskirts of the town.
Newark has a range of public transport options with Newark Northgate Station, situated on the East Coast Mainline between Grantham and Retford, providing access to London King’s Cross, and Newark Castle Railway Station, situated on the Lincoln to Nottingham line. The town also offers frequent bus services to local villages, towns and the cities of Lincoln & Nottingham.
The Newark Sports & Social Club comprises two main buildings: the Clubhouse/Changing Rooms and the Bowling Pavilion, both housed on the sizeable 8 acre plot. The property can be found off Hawton Lane only a short drive from the A1.
Newark has a range of public transport options with Newark Northgate Station, situated on the East Coast Mainline between Grantham and Retford, providing access to London King’s Cross, and Newark Castle Railway Station, situated on the Lincoln to Nottingham line. The town also offers frequent bus services to local villages, towns and the cities of Lincoln & Nottingham.
The Newark Sports & Social Club comprises two main buildings: the Clubhouse/Changing Rooms and the Bowling Pavilion, both housed on the sizeable 8 acre plot. The property can be found off Hawton Lane only a short drive from the A1.
Property
EXTERNAL
Entrance to the property via Hawton Lane which gives access to a double gated driveway which includes security floodlighting and security guard booth/kiosk.
Full-sized football pitch. Space adjacent for a full-sized training pitch.
Single storey Groundsman's shed which includes an office with two 'up and over' garage doors either side. (This building is surrounded by lawned areas which could be utilized as extra training space). The full plot measures approximately 8 acres.
CLUBHOUSE BAR
(Detached brick building with tiled roof, single storey).
Side/entrance leading into an open plan function/bar area which includes part wooden dance floor/part carpet flooring and access to Male and Female WCs.
Behind the main bar servery are security shutters and a stainless steel sink and drainer, as well as access to a ground floor cellar with external barrel door.
CHANGING ROOMS
HOME shower rooms/WCs and changing rooms.
AWAY shower rooms /WCs and changing rooms.
BOWLS PAVILLION
Wheelchair ramp access to inner hall/entrance hall. Access to both male and female WCs. Kitchen with central heating boiler. Shower room. Open plan Jubilee/viewing room. Two professional sized bowling greens with fencing surround. Storage shed.
Entrance to the property via Hawton Lane which gives access to a double gated driveway which includes security floodlighting and security guard booth/kiosk.
Full-sized football pitch. Space adjacent for a full-sized training pitch.
Single storey Groundsman's shed which includes an office with two 'up and over' garage doors either side. (This building is surrounded by lawned areas which could be utilized as extra training space). The full plot measures approximately 8 acres.
CLUBHOUSE BAR
(Detached brick building with tiled roof, single storey).
Side/entrance leading into an open plan function/bar area which includes part wooden dance floor/part carpet flooring and access to Male and Female WCs.
Behind the main bar servery are security shutters and a stainless steel sink and drainer, as well as access to a ground floor cellar with external barrel door.
CHANGING ROOMS
HOME shower rooms/WCs and changing rooms.
AWAY shower rooms /WCs and changing rooms.
BOWLS PAVILLION
Wheelchair ramp access to inner hall/entrance hall. Access to both male and female WCs. Kitchen with central heating boiler. Shower room. Open plan Jubilee/viewing room. Two professional sized bowling greens with fencing surround. Storage shed.
The Business
Following its closure in March 2020, the Newark Sports & Social Club, home to the United Counties League Premier Division North side Newark FC, is now offered to the market as a long term leasehold opportunity. The business previously operated as a multi-use venue housing the Newark Football Club's First, Reserve, Veterans and Youth teams, as well as hosting multiple Bowls teams on the two “professional” greens. The site has also been a popular venue for charity sports events and school tournaments, and used by a number of local running clubs.
The Clubhouse previously catered for a variety of events such as weddings, wakes, christenings and private hire functions, and showcased live music, quizzes, a gin festival, New Year’s Eve parties and karaoke evenings.
The business is currently closed and therefore no trade is sold or warranted. Historic trade accounts are not available and prospective purchasers must make their own assumptions as to likely trade levels having due regard to the location and potential of the site.
The Clubhouse previously catered for a variety of events such as weddings, wakes, christenings and private hire functions, and showcased live music, quizzes, a gin festival, New Year’s Eve parties and karaoke evenings.
The business is currently closed and therefore no trade is sold or warranted. Historic trade accounts are not available and prospective purchasers must make their own assumptions as to likely trade levels having due regard to the location and potential of the site.
Tenure
NEW LEASE AT NIL PREMIUM to include the value of the remaining fixtures and fittings. Freehold offers invited, price on application.
TERM: For a term of 40 years
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Assignable subject to Landlord's approval
RENT: Annual rent paid monthly in advance
Year 1: £45,000
Year 2: £55,000
Year 3: £65,000
Year 4: £75,000
RENT REVIEWS: Every 5 years in conjunction with annual RPI (capped at 5% and collared at 2.5%).
REPAIR LIABILITY: Full repairing and insuring lease agreement.
TIE: Free of all trade ties.
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT: Please note that VAT will be payable on the rent.
LICENCE: A licence must be obtained via the local district council; a named/designated licence holder for the premises must be provided who must comply with the prescribed Licensed Premises Conditions and Regulations.
GUARANTOR: A Guarantor will be included within the agreement and must provide a full AML and financial status report.
ADDITIONAL CONDITIONS: The ingoing Tenant will need to involve Sport England, The Football Association and The National Lottery. All communications from the same must be disclosed to the Landlord. All negotiations subject to covenant strength.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
TERM: For a term of 40 years
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Assignable subject to Landlord's approval
RENT: Annual rent paid monthly in advance
Year 1: £45,000
Year 2: £55,000
Year 3: £65,000
Year 4: £75,000
RENT REVIEWS: Every 5 years in conjunction with annual RPI (capped at 5% and collared at 2.5%).
REPAIR LIABILITY: Full repairing and insuring lease agreement.
TIE: Free of all trade ties.
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT: Please note that VAT will be payable on the rent.
LICENCE: A licence must be obtained via the local district council; a named/designated licence holder for the premises must be provided who must comply with the prescribed Licensed Premises Conditions and Regulations.
GUARANTOR: A Guarantor will be included within the agreement and must provide a full AML and financial status report.
ADDITIONAL CONDITIONS: The ingoing Tenant will need to involve Sport England, The Football Association and The National Lottery. All communications from the same must be disclosed to the Landlord. All negotiations subject to covenant strength.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
Services
As the property does not currently have main services connected. The ingoing tenant must connect these utilities at their own cost. Please note: the property is ACV listed.
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Zaine Lamont
Eastern Counties
