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12 Guildhall Street, Lincoln, Lincolnshire, LN1 1TT
1,337 sq. ft. (124.21 sq. m.)
£40,000
Retail
  • Recently refurbished, fully fitted Restaurant/Bar premises
  • Well located in the heart of the City centre
  • Total net internal area approx. 115.8 square metres (1,245 square feet)
  • New effective FRI lease available for a minimum term of 5 years
  • 2 car parking spaces to the rear

CITY CENTRE RESTAURANT / BAR
12 GUILDHALL STREET, LINCOLN, LN1 1TT
RENT: £40,000 P.A.X. & PREMIUM LEASEHOLD
115.8 SQ M (1,245 SQ FT)

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About this property

Detailed Description

A recently refurbished fully fitted Restaurant/Bar located on Guildhall Street, Lincoln which is home to many similar venues. The property comprises of a basement, Restaurant/Bar and Kitchen on the ground floor with WC's on the first floor. To rear of the property are 3 car parking spaces. The restaurant will accommodate approximately 70 covers.

Location

Lincoln is a Cathedral City with an urban population of 130,200 (2011 Census). The City is located approximately 33 miles north east of Nottingham, 41 miles south east of Sheffield and 48 miles north of Peterborough. The subject property is located in the heart of the City centre just off the High Street and is approximately 0.4 miles from
Lincoln Central Railway Station.

The premises benefits from a large amount footfall as it is key pedestrian route for students from the University and from car parks into the City centre. Neighbours include The Mailbox, Coffee Aroma, Ladbrokes and Subway.

Accommodation

Measured on a net internal area (NIA) basis in accordance with the RICS Code of Measuring Practice the unit provides the following accommodation:
Floor Description Sq M Sq Ft
Basement
Store 7.8 84
Restaurant/Bar 97.5 1,049
Kitchen 18.3 197
First Floor
WC's - -
Total NIA 115.8 1,245

Business Rates

£32,750. Interested parties are advised to contact City of Lincoln Council to check the level of rates payable Tel: 01522 881188.

Services

We understand that the property has connection to mains electricity, gas, water and drainage.

Prospective tenants are advised to check upon the adequacy and provision of services with the relevant Statutory Authorities prior to making an offer to take a new lease in respect of this property

Viewing

Strictly by appointment with the Sole Letting Agents.

Will Gaunt
01522 457182
07919 694235
william.gaunt@brown-co.com

VAT

Terms quoted in these particulars are net of VAT. We are informed by the client that they have elected to charge VAT.

Legal Costs

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

Other

PLANNING:
We understand that the premises are allocated for uses falling with Use Class E. Interested parties should make their own enquiries with City of Lincoln Council to verify allowable uses for the property and to establish the likelihood of obtaining the necessary consents for change of use if required, Tel: 01522 881188.

Terms

Rent: £40,000 P.A.X Leasehold with an additional premium of £50,000 to be paid for fixtures and fittings. Inventory available upon request.

LEASE TERMS
A new effective full repairing and insuring lease is available for a minimum term of 5 years.

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To arrange a viewing contact

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

07919 694235

01522 504322

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