Description
The property comprises a substantial, highly prominent bar/restaurant/retail unit situated in a strong secondary trading location at the northern end of Lincoln High Street, close to a wide variety of national/regional/local retail and restaurant occupiers.
The property is laid out to provide a ground floor trading/sales area, with first floor ancillary/storage areas.
The building has a full width glazed frontage to the High Street and a service yard to the rear for deliveries.
Although the property has for many years been used for retail purposes, in our opinion, it would also be suitable for use as a restaurant/bar, subject to securing the necessary license for the sale of alcohol and Planning Permission in the case of its use for a bar.
LOCATION
The property is situated in a prime food and beverage trading location at the northern end of Lincoln’s pedestrianised precinct. Nearby retailers and restaurant operators include House of Fraser (who are relocating and will be replaced by a well-known national retailer - further information availabe on request), Mowgli, Walkabout, Pizza Express, Wildwood, Carousel, Caffè Nero, Slug and Lettuce, Craft, Be at One, Home and Franco Manca. The 100% prime retail pitch is situated about 50 metres to the south, running south from the Stonebow to St Mary’s Street.
Lincoln is the shopping and administrative centre for the County of Lincolnshire. The city is ranked fourth in the East Midlands Experian City Centre rankings after Nottingham, Derby and Leicester. The city is a popular tourist destination attracting over three million tourists per year, predominantly to visit the Cathedral, which is recognised as one of the finest examples of Gothic architecture in Europe.
The city and surrounding area has a population of circa 543,367 with an estimated total catchment spend of £984.50 million. It it also a growing University City with close to 15,000 students and academic staff based at the city’s main university campus, lying to the east of the City Centre, contributing an estimated £250 million a year to the local economy.
Lincoln is situated about 30 miles north east of Nottingham, 45 miles north of Peterborough and 35 miles east of Sheffield. The city enjoys good road links via the A46, leading to the A1 at Newark and the A15 provides access to Scunthorpe to the north and Peterborough to the south. There are regular daily direct trains to London King’s Cross, which take approximately 1.5 hours.