Description
The property comprises a substantial, highly prominent bar/restaurant/retail unit situated in a very 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 basement ancillary/storage areas.
The building has a full width glazed frontage to the High Street with a return frontage to Clasketgate, to its northern elevation, and to Park Street, on its southern elevation.
The property has been fitted out and utilised by a number of restaurant brands for many years, including Carluccio’s and, most recently, TGI Fridays. It is anticipated that much of the M&E equipment will be left in situ in advance of any new letting.
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, Mowgli, Walkabout, Pizza Express, Wildwood, Carousel, Caffe Nero, Slug and Lettuce, Craft, Be at One, Home and Franco Manca. The 100% prime retail pitch is situated about 100 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.