Description
The Development
The Cornhill Market is currently being fully upgraded to meet the requirements of a modern market hall with an investment of
£7 million to provide:
• Comprehensive refurbishment of the external built fabric.
• Glazed full height arches connecting the outside to the inside.
• Replacement roofing and glazed lanterns.
• 35 freestanding stalls in the interior space of a contemporary, minimal design for local businesses to promote local produce and an area within the centre of the Market Hall to accommodate seating for the associated food outlets within the stalls.
• New themed restaurant unit fronting Sincil Street.
• Hot food and drink stalls with extraction.
• Feature mezzanine providing additional food and drink units with communal seating areas.
Situated in the heart of the city
Lincoln’s Cornhill Market is prominently located in the city’s prime retail area and benefits from the surrounding amenities and recent successful regeneration schemes including; The Cornhill Quarter, the award-winning 1,000 space multi-storey car park, new bus station and Lincoln Train Station.
Lincoln is the administrative centre and largest city in Lincolnshire with an urban population of 130,000 and a total catchment population of 545,000, giving it a total comparison goods expenditure of over £985 million. Lincoln also benefits from its ever-growing universities. The student and academic staff population is estimated to be circa 15,000 and contributes over £250 million to the local economy.
The Cornhill Vision
Lincoln’s Cornhill Market refurbishment aims to deliver a modern market hall trading environment which provides an important service to the local and regional community. We are looking for independent businesses which can provide a range of options for eating and drinking, including ‘dining-in’ in the central seating area and quality products for customers to take home, from hand-crafted gifts, jewellery and homeware, to original artwork, ceramics and beautiful flowers.
Tenancy
3 year contracted out tenancy incorporating a landlord/tenant right to break the lease after 6 months on a rolling basis with one months’ notice.
The lease will provide for annual rent reviews – the rent is to be set by the landlord and will allow the landlord the right to charge rent on either a fixed or turnover basis.
The tenant will be obliged to pay a service charge and will be separately responsible for the payment of business rates
All enquiries to- cornhillmarket@bankslong.com
01522 544 515