restaurant premises 7 eastgate lincoln ln2 1qa - Realla
RESTAURANT PREMISES 127.26 sq m (1,369 sq ft)
7 EASTGATE LINCOLN LN2 1QA
SITE PLAN
FOR SALE VALUABLE LEASEHOLD INTEREST
© Tele Atlas NV/Crown Copyright; Reproduced by Permission of Tele Atlas NV
LOCATION PLAN
Sought after Uphill location close to White Hart Hotel and a variety of restaurants and bars Semi-detached Restaurant Premises laid out over ground, first and basement levels Yard to the rear – suitable for ‘Alfresco’ dining Available By Way of Assignment – Premium Offers Invited
LOCATION
RATES
Eastgate is located within the popular Uphill ‘Bailgate’ area which is populated with a wide range of top end retailers and restaurants. The world famous Cathedral and Castle, the latter having seen significant investment to create a home for the Magna Carta over the past two years, are situated close by, meaning the area attracts significant tourist visitors as well as local shoppers. The latest tourist figures report over 3.5 million visitors a year to the City.
Charging Authority: Description: Rateable value: UBR: Period:
Lincoln is one of England’s finest Cathedral Cities and is the administrative and major shopping centre within the County of Lincolnshire. It is ranked fourth in the East Midlands Experian Centre Rating, behind Nottingham, Derby and Leicester. It has a population and catchment of 543,367 and an established total catchment spend of £984.50 million.
PROPERTY The property comprises a well-established restaurant premises laid out at ground, first and basement floor levels, with a yard to the rear that would be ideal as an outside seating area. The existing restaurant layout provides 70 seats over the ground and first floor trading areas.
Ground Floor Area Trading Area Kitchen Store First Floor Trading and Storage WCs Basement Storage Total Net Usable Area
Sq m
Sq ft
93.38 16.60 4.65
1,005 179 50
43.57 -
469 -
20.70 178.90
223 1,926
SERVICES We understand that mains, water, drainage, gas and electricity are available and connected to the property. Interested parties should make their own enquiries with the relevant service providers.
City of Lincoln Council Restaurant and Premises £14,500 0.497 2016-2017
Multiplying the Rateable Value figure with the UBR multiplier gives the annual rates payable, excluding any transitional arrangements which may be applicable. For further information, please contact the Charging Authority.
TENURE The property is available by way of Assignment of the existing lease. This lease was originally granted for a term of 10 years in November 1991 and extended for a further 20 years in 1999, expiring on 22 September 2019. The current passing rent is £14,400 per annum exclusive increasing to £15,600 in September 2017. The Landlords have indicated that they would be happy to grant a new lease to commence on expiry of the existing lease – subject to agreeing satisfactory terms. Further details on request.
PREMIUM Premium offers are invited for this valuable leasehold interest reflecting the low passing rent until lease expiry in 3 years’ time, in relation to Full Rental Value of the property and the superb Uphill location. The various fixtures and fittings in situ are also available separately at a price to be agreed.
VAT We understand that VAT will not be charged in addition to the rent.
ENERGY PERFORMANCE CERTIFICATE The property is Grade II Listed so Performance Certificate is not required.
an
Energy
VIEWING TOWN AND COUNTRY PLANNING The current use of the property falls within Class A3 (Restaurant and Café) of the Town and Country Use Classes Order 1987, as amended. The property is Listed, and is also situated within a Conservation Area. It is considered that the first floor has potential for conversion to residential accommodation, subject to the receipt of Planning Permission and Landlord’s approval.
To view the premises and for any additional information please contact the sole agents.
Contact: James Butcher or Harriet Hatcher Tel: 01522 544515 Email: [email protected] [email protected] Ref:
JRB/HH/LS/3497/G16
7 EASTGATE LINCOLN LN2 1QA
SITE PLAN
FOR SALE VALUABLE LEASEHOLD INTEREST
© Tele Atlas NV/Crown Copyright; Reproduced by Permission of Tele Atlas NV
LOCATION PLAN
Sought after Uphill location close to White Hart Hotel and a variety of restaurants and bars Semi-detached Restaurant Premises laid out over ground, first and basement levels Yard to the rear – suitable for ‘Alfresco’ dining Available By Way of Assignment – Premium Offers Invited
LOCATION
RATES
Eastgate is located within the popular Uphill ‘Bailgate’ area which is populated with a wide range of top end retailers and restaurants. The world famous Cathedral and Castle, the latter having seen significant investment to create a home for the Magna Carta over the past two years, are situated close by, meaning the area attracts significant tourist visitors as well as local shoppers. The latest tourist figures report over 3.5 million visitors a year to the City.
Charging Authority: Description: Rateable value: UBR: Period:
Lincoln is one of England’s finest Cathedral Cities and is the administrative and major shopping centre within the County of Lincolnshire. It is ranked fourth in the East Midlands Experian Centre Rating, behind Nottingham, Derby and Leicester. It has a population and catchment of 543,367 and an established total catchment spend of £984.50 million.
PROPERTY The property comprises a well-established restaurant premises laid out at ground, first and basement floor levels, with a yard to the rear that would be ideal as an outside seating area. The existing restaurant layout provides 70 seats over the ground and first floor trading areas.
Ground Floor Area Trading Area Kitchen Store First Floor Trading and Storage WCs Basement Storage Total Net Usable Area
Sq m
Sq ft
93.38 16.60 4.65
1,005 179 50
43.57 -
469 -
20.70 178.90
223 1,926
SERVICES We understand that mains, water, drainage, gas and electricity are available and connected to the property. Interested parties should make their own enquiries with the relevant service providers.
City of Lincoln Council Restaurant and Premises £14,500 0.497 2016-2017
Multiplying the Rateable Value figure with the UBR multiplier gives the annual rates payable, excluding any transitional arrangements which may be applicable. For further information, please contact the Charging Authority.
TENURE The property is available by way of Assignment of the existing lease. This lease was originally granted for a term of 10 years in November 1991 and extended for a further 20 years in 1999, expiring on 22 September 2019. The current passing rent is £14,400 per annum exclusive increasing to £15,600 in September 2017. The Landlords have indicated that they would be happy to grant a new lease to commence on expiry of the existing lease – subject to agreeing satisfactory terms. Further details on request.
PREMIUM Premium offers are invited for this valuable leasehold interest reflecting the low passing rent until lease expiry in 3 years’ time, in relation to Full Rental Value of the property and the superb Uphill location. The various fixtures and fittings in situ are also available separately at a price to be agreed.
VAT We understand that VAT will not be charged in addition to the rent.
ENERGY PERFORMANCE CERTIFICATE The property is Grade II Listed so Performance Certificate is not required.
an
Energy
VIEWING TOWN AND COUNTRY PLANNING The current use of the property falls within Class A3 (Restaurant and Café) of the Town and Country Use Classes Order 1987, as amended. The property is Listed, and is also situated within a Conservation Area. It is considered that the first floor has potential for conversion to residential accommodation, subject to the receipt of Planning Permission and Landlord’s approval.
To view the premises and for any additional information please contact the sole agents.
Contact: James Butcher or Harriet Hatcher Tel: 01522 544515 Email: [email protected] [email protected] Ref:
JRB/HH/LS/3497/G16
