Leisure/hospitality to let in Brayford Wharf North, Lincoln LN1
£90,000 pa (£21.97/sq. ft. pa)
Leisure/hospitality to let
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The property occupies a prominent location on the northern side of Brayford Pool with a fully glazed frontage to Brayford Wharf North.
The unit is partially fitted out for restaurant use and extends to about 380.62 sq m (4,097 sq ft) on a single level.
The former occupier utilised part of the street immediately outside the front of the unit for outside seating, by way of a licence from the City of Lincoln Council and this option should be available to other future occupiers.
The property is situated on Brayford Wharf North, the prime leisure pitch within the city of Lincoln. Nearby operators include Nando’s, Prezzo, Wagamama, Double Tree by Hilton, Marco Pierre White Steakhouse Bar & Grill, Harvester, Starbuck’s, ask, Zizzi’s and a 9 screen Odeon cinema.
Lincoln is a Cathedral city and the administrative and shopping centre for the County of Lincolnshire. It has a resident population of circa 100,000 and a catchment within a 20 mile radius of 300,000 and is ranked 4th in the Experian East Midlands retail rankings behind Nottingham, Derby and Leicester.
It is a University City with the main campus on the opposite side of Brayford Pool, with over 14,000 students and staff in situ, contributing an estimated £250m in to the local economy.
The use of the property is a restaurant falling in Class A3 of the Town & Country Use Classes Order 1987 (as amended).
In our view the property would also have suitability for use as a bar falling within Class A4 (Drinking Establishment), subject to the receipt of Planning Permission.
The property is not listed but is situated within a Conservation Area.
The property is available by way of a new lease drawn on the equivalent of Full Repairing and Insuring terms, via a service charge, for a term 15 years, subject to 5 yearly upward only rent reviews.
£90,000 per annum exclusive payable quarterly in advance.
VAT may be charged in addition to the rent at the prevailing rate.
The ingoing tenant will be responsible for the landlord’s reasonable legal costs incurred in documenting the transaction.
To view the premises and for any additional information please contact the sole agents.
Robin Hood Airport
East Midlands Airport
Hull Ferry Terminal
West Lynn Ferry Landing
King's Lynn Ferry Landing
View all schools in Lincoln
The St Faith and St Martin Church of England Junior School, Lincoln
The St Faith's Church of England Infant and Nursery School, Lincoln
Athena School (SEN)
Lincoln Christ's Hospital School
Lincoln Castle Academy
Lincoln Minster School
Springwell Lincoln City Academy
The St Francis Special School, Lincoln (SEN)
Note: Distance is shown as a straight line measurement
About the neighbours in LN1
* Sizes listed are approximate. Please contact the agent to confirm actual size.
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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