The property occupies a prominent location on the northern side of Brayford Pool with a fully glazed frontage to Brayford Wharf North. The Glassmill is a well known leisure destination in Lincoln, with the other two units in the scheme occupied by Nando’s and Prezzo.
The unit is partially fitted out for restaurant use and extends to about 281 sq m (3,025 sq ft) on a single level.
Outside the unit to the front is a south facing terrace/outside seating area offering attractive views over the Brayford Pool towards the University campus.
The property is situated on Brayford Wharf North, the prime leisure pitch within the city of Lincoln. Nearby operators include Nando’s, Prezzo, Wagamama, Double Tree by Hilton, Marco Pierre White Steakhouse Bar & Grill, Harvester, Starbuck’s, ASK, Zizzi’s and a 9 screen Odeon cinema.
Lincoln is a Cathedral city and the administrative and shopping centre for the County of Lincolnshire. It has a resident population of circa 100,000 and a catchment within a 20 mile radius of 300,000 with an estimated catchment spend of £984.40 million. The city is ranked 4th in the Experian East Midlands retail rankings behind Nottingham, Derby and Leicester.
It is also an expanding University City with the main campus on the opposite side of Brayford Pool, with around 15,000 students and staff insitu, contributing an estimated £250M into the local economy.
All main services to include gas, water drainage and electricity are available and connected to the property. These have not been checked and all interested parties are encouraged to make enquiries with the relevant service providers.
town and country
The use of the property is a restaurant falling within Class A3 of the Town & Country Use Classes Order 1987 (as amended).
In our view the property would also have suitability for use as a bar falling within Class A4 (Drinking Establishment), subject to the receipt of Planning Permission. The property is Listed and is also situated within a Conservation Area
The property is available by way of a new lease drawn on the equivalent of Full Repairing and Insuring terms, via a service charge, for a term of 15 years, subject to 5 yearly upward only rent reviews.
VAT may be charged in addition to the rent at the prevailing rate.
The ingoing tenant will be responsible for the landlord’s reasonable legal costs incurred in documenting the transaction.