RESTAURANT UNITS UNITS 4A & 5 WIGFORD WAY / BRAYFORD WHARF LINCOLN LN1 1YX
TO LET
GOAD PLAN
Two individual restaurant units to let Prominent location on Wigford Way Adjacent to nine screen Odeon cinema complex Close to variety of restaurants & bars including Lloyds Bar, Zizzi, Wagamama and ASK
LOCATION
TENURE
The two units front onto Wigford Way and form part of the Brayford Wharf North 9 screen Odeon cinema complex, which also includes a Lloyds No. 1 Bar, Zizzi, and ASK. The complex is located in a prime location on Lincoln’s established circuit, with other nearby restaurant operations including Wagamama, Prezzo, Nandos and Chimichanga. The University campus is situated on the opposite side of Brayford Pool to the south and the City’s prime shopping area, centred on the High Street, is a short walk to the east.
The units are available to let on new leases for a minimum term of 10 years or longer if required subject to 5 yearly upward only reviews.
Lincoln is the administrative and major shopping centre within the County of Lincolnshire and is ranked 4th in the Experian Centre Ranking behind Nottingham, Derby and Leicester. It has a population of 100,000 and a catchment of about 300,000 within a 20km radius. There are currently over 10,000 students based at the Brayford Pool Campus, with this number increasing annually as the University continues to expand.
VAT will be charged in addition to the rent at the prevailing rate.
PROPERTY
ENERGY PERFORMANCE CERTIFICATE
Two purpose built modern restaurant units, each with a full height glazed frontage. The units provide the following approximate gross usable areas: Sq M Sq Ft Unit 4A Ground Floor 121.68 1,310
Energy Performance Certificates are attached.
Unit 5 Ground Floor Lobby/First Floor
Banks Long & Co: 406.70
All mains services are available within the vicinity of the units. The agents however, cannot verify the capacity and whether at this stage these are still connected to the units.
TOWN AND COUNTRY PLANNING Both of the units have planning consent for both A3 (Restaurant) and A5 (Hot Food Takeaway) uses.
RATES
UBR: Period:
Each unit is available at a rent of £20,000 per annum exclusive of VAT and Business Rates.
VAT
LEGAL COSTS Each party will be responsible for their own costs incurred in the transaction.
VIEWING Strictly by appointment via Banks Long & Co or our joint agents, Colliers.
4,377
SERVICES
Charging Authority: Description: Rateable value:
RENTS
Lincoln City Council Various Unit 4A - £11,500 Unit 5 - £19,500 0.493 2015 -2016
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.
Contact: Tel: Email:
James Butcher or Harriet Hatcher 01522 544515
[email protected] [email protected] Colliers: Contact: Tel: Email:
Rupert Long 020 7344 6853
[email protected] Ref:
JRB/SJ/1339/R/C09 (SP/K14/JES/L14/C15-2/JESI15 )