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The White Horse, Hungate / Motherby Lane, Lincoln, Lincolnshire, LN1 1ES
£50,000
Retail

FREE OF TIE CITY CENTRE PUB/RESTAURANT OPPORTUNITY

The White Horse, Hungate / Motherby Lane, Lincoln, LN1 1ES

RENT: £50,000 P.A.X LEASEHOLD

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About this property

Detailed Description

The White Horse comprises a particularly attractive two-storey property on the corner of Hungate & Motherby Lane being of mainly red brick construction under a pitched and rosemary tiled roof covering.

The property is currently undergoing extensive refurbishment to include the installation of new window and door openings to the perimeter, renovations to brick/stonework, new rainwater goods, rewiring, replastering, installation of new lighting and air conditioning / heating, new flooring, installation of dumb waiter and fitting-out of WC facilities throughout.

The property layout is designed as a main Bar and Seating Area, separate Snug, Family Room/Dining Area, Unisex / Disabled WC and Back Of House area to the Ground Floor providing access to a Beer Garden with covered seating area. The First Floor is to comprise a Kitchen with dumb waiter to Ground Floor level, 40 cover Restaurant, Managers Office, Staff WC and Shower Facility with Changing area together with Customer Male & Female WC facilities. A Cellar is also provided beneath the property accessible externally.

Location

Lincoln is a Cathedral & University City with an urban population of approximately 130,000 people as of the 2011 Census. The City is located approximately 33 miles North East of the City of Nottingham, 41 miles South East of the City of Sheffield and 48 miles North of the City of Peterborough.

The White Horse is located on the corner of Hungate & Motherby Lane occupying a prominent City centre location within close proximity of the upper section of the High Street and close to the main Leisure District being home to many of the City's Restaurants, Pubs and Bars.

There are several Public Pay & Display Car Parks within 100 metres of the subject property and limited on-road car parking is also available in close proximity.

Accommodation

In terms of net internal area the property comprises as follows:

Floor Description Sq M Sq Ft
Basement Cellar - -
Ground Main Bar/ Seating Area 57.60 620
Ground Snug 17.23 185
Ground Back Of House / Servery 11.28 121
Ground Family Room / Dining Area 26.40 284
Ground Disabled / Unisex WC - -
First 40 Cover Restaurant 30.55 329
First Catering Kitchen 18.18 196
First Managers Office 3.99 43
First Staff Changing Room, WC & Shower - -
First Ladies & Gents WCs - -
TOTAL 165.23 1,778

Business Rates

The property is currently assessed under the 2017 Rating List as a Public House & Premises with a Rateable Value of £14,500. Prospective tenants should check the level of Business Rates payable via Lincoln City Council. Tel: 01522 881188.

Services

We understand that all mains services are either connected to, or available for connection to the subject property.
Prospective tenants are advised to check upon the adequacy and provision of services with the relevant Statutory Authorities prior to taking a new lease in respect of this property.

Viewing

Strictly by prior appointment with the Sole Letting Agents:

Brown & Co
5 Oakwood Road Lincoln
LN6 3LH
Tel: 01522 457800

James Cameron
01522 457172
07768 465753
james.cameron@brown-co.com

VAT

The rental terms quoting herein are exclusive of, but may be liable to VAT at the prevailing rate and prospective tenants are advised to check the VAT position prior to making an offer to take a new lease in respect of this property.

Legal Costs

Each party is to be responsible for their own legal costs incurred in respect of any transaction negotiated.

Other

EPC RATING
The property has an EPC Rating of C67.

PLANNING
The property was used prior to refurbishment as a Public House & Premises and as such has an established use now classified as Sui Generis under The Use Classes Order 2020. Potential tenants should make their own enquiries via Lincoln City Council in respect of planning-related matters. Tel: 01522 881188.

Terms

RENTAL TERMS
The property is available at a rent of £50,000 per annum exclusive of VAT at the appropriate rate, if applicable.

LEASE TERMS
The property is to be made available upon completion of the ongoing refurbishment program by way of a new effective full repairing and insuring lease, ideally for a minimum initial term of 10 years, to incorporate an upward-only rent review at the end of Year 5.

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To arrange a viewing contact

Brown&CoJHWalter, 5 Oakwood Road, Lincoln, Lincolnshire, LN6 3LH

07768 465753

01522 457172

Brown&CoJHWalter, 5 Oakwood Road, Lincoln, Lincolnshire, LN6 3LH

07919 694228

01522 457187

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