Description
A substantial Grade II Listed converted garage, designed by locally renowned Architect, Sam Scorer, and constructed in 1959 for the Lincolnshire Motor Company Ltd. The building is Listed for, amongst other reasons, its hyperbolic paraboloid roof, which is one of a number of buildings in the area designed by Sam Scorer around this time. The property was converted in the mid-2000s by local developers, Lindum, to create three restaurant units, which are currently let to Prezzo, Nando’s and Five Guys.
The units are predominantly laid out on ground floor only, with a small element of first floor space in the corner unit occupied by Prezzo.
Each unit has an attractive outside seating area to the front, facing southwards over Brayford Pool, towards the University of Lincoln’s main City Campus.
Both Nando’s and Prezzo have been the only occupiers of their units since completion of the refurbishment works in the mid-2000s, whilst Five Guys took a new lease of their unit in June 2023.
Reflecting the market conditions we are seeing on a wider national level within the restaurant/casual dining sector, the F & B market in Lincoln is performing well with a number of new entrants coming into the city recently including Mowgli, Five Guys (as referred to above) and Tortilla. Additionally, there does remain quite a number of outstanding restaurant requirements, from a mix of top end restaurant operators within the city.
LOCATION
The property enjoys a high profile and prominent position on Brayford Wharf North, the prime leisure destination on the City of Lincoln Leisure Circuit. Nearby occupiers include, amongst others, Wagamama, Ask Italian, Zizzi, The Square Sail (Wetherspoons) and a 9 screen Odeon Cinema.
The Brayford Pool has developed over the past twenty years into the prime leisure pitch within Lincoln City Centre, enjoying an attractive waterside location opposite the University of Lincoln’s City Campus.
Lincoln is the administrative and main shopping centre for the county of Lincolnshire and is ranked 4th in the East Midlands Experian Rankings, behind Nottingham, Leicester and Derby. It is a famous Cathedral City, with Lincoln Cathedral recognised as one of the finest examples of Gothic architecture in Europe and attracts over 3 million tourists each year.
The city has an estimated catchment population of circa 550,000 and an established total catchment spend of £984.40 million.
It is also a growing University City, with close to 15,000 students and academic staff based at the main campus, contributing an estimated £250 million to the local economy.