Leisure/hospitality to let in One The Brayford Wharf North, Lincoln LN1

POA
Leisure/hospitality to let From 1,182 - 6,321 sq. ft*
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Property description

Location


Lincoln is an attractive Cathedral City and is the administrative and major shopping centre for the County of Lincolnshire.

It is ranked 4th in the Experian Centre Rankings for the East Midlands and has a caci retail ranking of 60. The city has a population and catchment of 545,367 and an established total catchment spend of £984.5m. It is a University City – the main campus is a short distance to the south – with over 14,000 students and staff in-situ contributing an estimated £250 million into the local economy. The Cathedral is the 9th most visited in the country and Lincolnshire attracts 3.7 million visitors a year bringing in over £1 billion of additional expenditure into the County.


Situation


One The Brayford is situated in a stunning location on the North side of the Brayford Pool opposite the main city centre University campus.

Brayford Wharf North is the prime leisure pitch within Lincoln City Centre. Nearby national multiples located on Brayford Wharf North include Zizzi, Wagamama, Ask, Prezzo, Nandos, Handmade Burger, Chimichanga, Lloyds No. 1 and an Odeon multiscreen cinema. In addition there are a Hilton Double Tree and Holiday Inn hotels adjacent.


Development


One The Brayford is an exciting new mixed use development that will provide 3 restaurant/leisure units laid out over ground and part first floor and 6 further floors of high end residential and office accommodation. The 3 restaurant leisure units will have full height glazing along each frontage and provide first floor south facing balconies/outside seating areas, offering stunning views southward over the Brayford Pool.

This means that there will be around 200 residents living in the 80 apartments on site, as well as 120-150 staff working within the office accommodation.

There are 2,719 student bedrooms within 300 metres of the development and we understand that the Double Tree Hilton adjacent runs at an occupancy rate of around 85% - providing over 200 potential customers per night staying adjacent to the scheme.


The units


The 3 restaurant/leisure units will provide the following accommodation:

Unit 1 gf 376.10 sq m (4,048 sq ft) ff 211.15 sq m (2,273 sq ft)

Unit 2 gf 247.56 sq m (2,665 sq ft) ff 109.81 sq m (1,182 sq ft)

Unit 3 gf 340.29 sq m (3,663 sq ft) ff 180.00 sq m (1,938 sq ft)


Terms


The units are available on new leases drawn on the equivalent of Full Repairing and Insuring terms for a minimum term of 20 years subject to 5 yearly reviews.


Rent


On application.


Timing


The units should be ready for occupation by Spring 2017.


Register interest


To register interest in this property please contact:

Lewis Cove or James Butcher

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Banks Long & Co, LN1 on +44 1522 397760 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Banks Long & Co, and do not constitute property particulars. Please contact Banks Long & Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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