To LetRestaurant/Leisure Units - High End Mixed Use Development

One The Brayford, Brayford Wharf North, Lincoln, Lincolnshire, LN1 1YT

Description

One The Brayford is an exciting new mixed use development that will provide 3 restaurant/leisure units laid out over ground and part first floor and 6 further floors of high end residential and office accommodation.

The 3 restaurant leisure units will have full height glazing along each frontage and provide first floor south facing balconies/outside seating areas, offering stunning views southward over the Brayford Pool.

The apartment sales have exceeded expectations with nearly 80% of the units sold/reserved. This means that there will be around 225 residents living in the 89 apartments on site. There are 2,719 student bedrooms within 300 metres of the development and we understand that the Double Tree by Hilton adjacent runs at an occupancy rate of around 85% - providing over 200 potential customers per night staying adjacent to the scheme.

The strength of the location is underlined by the fact the hotel recently opened a 45 bedroom extension.

location

One The Brayford is situated in a stunning location on the North side of the Brayford Pool opposite the main city centre University campus. Brayford Wharf North is the prime leisure pitch within Lincoln City Centre. Nearby national multiples located on Brayford Wharf North include Zizzi, Wagamama, Ask, Prezzo, Handmade Burger, Lloyds No. 1 and an Odeon multi-screen cinema. In addition there are Double Tree by Hilton and Holiday Inn Hotels adjacent.

UNITS

The 3 restaurant/leisure units will provide the following accommodation:

Unit 1 -  3,298 sq ft  (306.40 sq m)

Unit 2  - 2,676 sq ft  (248.60 sq m)

Unit 3 -  3,696 sq ft  (343.40 sq m)

TERMS

The units are available on new leases drawn on the equivalent of full repairing and insuring terms for a minimum term of 20 years subject to 5 yearly reviews.

TIMING

The units are available for immediate occupation.