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Agent's details

City Centre Retail/Restaurant Premises, 1 Martin's Lane, Lincoln LN2 1HY

To rent: £20,000.00 Per Annum|1,142 Sq Ft|Office, Restaurant/Cafes, Retail, Restaurant/Cafes, Offices

Property details

TO RENT£20,000.00 Per Annum
SIZE1,142 Sq Ft
ADDRESSCity Centre Retail/Restaurant Premises, 1 Martin's Lane, Lincoln LN2 1HY
TYPEOffice, Restaurant/Cafes, Retail, Restaurant/Cafes, Offices
TENURETo Let
POSTED ON24th June 2021

Description

City centre retail/restaurant premises, prominent corner location close to the northern end of the High Street and Steep Hill, suitable for a variety of uses within Class E, available on new lease.

The property comprises a well-established restaurant premises which are fitted out to a high specification.

The restaurant area provides ample seating and customer toilets.

To the rear of the restaurant floor is a counter, serving area and kitchen which are all still fitted with the previous occupiers’ fixtures and fittings.

A staircase in the kitchen leads to the first floor which comprises a storage area, office, staff room and staff toilets.

A full list of fixtures and fittings in the property is available and these are for sale by way of separate negotiations.

ACCOMMODATION
Having measured the property in accordance with the prevailing RICS Code of Measuring Practice, we calculate that it provides the following floor area:

Restaurant: 57.07 sq m (614 sq ft)
Kitchen: 24.12 sq m (259 sq ft)
First floor office: 25.01 sq m (269 sq ft)

Total NIA: 106.20 sq m (1,142 sq ft)

LOCATION
The property is located in a prominent corner position on St Martin’s Lane in the centre of Lincoln, just off the main High Street and within walking distance of Lincoln’s Cultural Quarter via the popular tourist street of Steep Hill, previously voted ‘the Best Street in Britain’.

The property has been the home of ‘The Cheese Society’ for many years, so is very well known because of this.

St Martin’s Lane benefits from numerous car parks within walking distance, as well as 30 minutes free parking within St Martin’s Square.

Nearby occupiers include restaurants such as Pizza Express and The Jews House, bars including The Curiosity Shop and Craft, and a number of popular independent retailers such as Daniella Draper, Coneys and Agatha.

SERVICES
We understand that mains supplies are available and connected to the property.

These have not been tested and interested parties are advised to make their own investigations to the relevant utility service providers.

TOWN AND COUNTRY PLANNING
We understand that the property has consent for uses falling within Class E of the Town and Country Planning (Use Classes) Order 1987 (as amended 2020).

Alternative uses may be appropriate subject to receipt of necessary Planning Consent.

Class E now encompasses a number of uses formerly known as A1 (Shops), A2 (Professional & Financial Services), A3 (Restaurant & Cafés), B1 (Business) and D1 (Clinics, Health Centre, Crèche & Day Nurseries).

The property benefits from an existing full on licence – to allow the sale of alcohol on the premises.

RATES
Charging Authority: City of Lincoln Council
Description: Restaurant and premises
Rateable value: £8,400
UBR: 0.512
Period: 2021-2022

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 To Let on a new effective Full Repairing and Insuring lease for a term of years to be agreed.

RENT
£20,000 per annum exclusive

As referred to earlier, the entire property is fully fitted out to a high standard and the fixtures and fittings will be included by separate negotiation.

We feel that these licenced premises would be very suitable for a number of business ventures such as; cafe/bistro/deli/sandwich bar/Tapas bar etc.

Please note that the business goodwill is not being offered for sale and the Landlords will be retaining ‘The Cheese Society’ trading name.

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in documenting the transaction.

VIEWING
To view the premises and for any additional information please contact the sole agents.

Location

marker
Location: City Centre Retail/Restaurant Premises, 1 Martin's Lane, Lincoln LN2 1HY

Lincoln Central (0.4 miles)

Hykeham (3.6 miles)

Saxilby (5.8 miles)

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