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4-6 Burton Road, Lincoln, Lincolnshire, LN1

£850,000

£850.00 per sq ft

Business rates & charges may apply

PYGOTT & CRONE COMMERCIAL, Lincoln
SIZE AVAILABLE

1,000-2,500 sq ft

93-232 sq m

SECTOR

Restaurant for sale

Key features

  • For Sale Due to retirement
  • Established Italian Restaurant
  • Restaurant 694 sqft (64.4 sqm)
  • First Floor 4 double guest rooms
  • 2 bedroom owners accommodation
  • Uphill Cathedral Quarter
  • Prominent Position
  • Price to include business, F&F, Goodwill

Description

An excellent opportunity to acquire this long established restaurant in the uphill Cathedral Quarter of the city. The restaurant was established by Pompeo Siracusa over 11 years ago. The restaurant offers superb British contemporary food with a Sicilian twist. The property has covers for 50 on the ground floor and 4 superb ensuite guest bedrooms over. The restaurant as been stylishly designed and presented. The property also has a 2 bedroom annexe to the rear which is the owners/managers accommodation. 

Location

A rare opportunity to purchase this prominent restaurant and residential premises, with frontage directly onto the junction of Burton Road, Union Road and Westgate at the rear of the Castle. The Property is situated close to the castle, Bailgate and Cathedral Quarter. The property is situated in a mixed residential and commercial area of the city which is a highly popular location. The Property is within walking distance to the Bailgate area and cathedral quarter of Lincoln. This area is an extremely popular destination for tourists and this historic Uphill area of Lincoln enjoys close to 2 million tourist visitors annually.

ACCOMMODATION

The property comprises a pair of 2 terraced properties having been joined together with a rear annexe/owners accommodation and comprises:Ground Floor Restaurant and Rooms = 694 sqft (64.4 sqm) With Restaurant, Kitchen, preparation area, WCs, utility room, wine drinks storeroom and drinks making area and a walled Orangeryin need of refurbishment which would seat 25 guests. First Floor Letting Rooms = 696 sqft (64.6 sqm) With 4 double ensuite letting rooms, officeAnnexe Ground Floor = 415 sqft (38.5 sqm) With kitchen, dining room, shower roomFirst Floor = 228 sqft (21.1 sqm) With 2 bedroomsThe property has an outside seating area to the front and a rear walled garden. The walled garden has just had the walls rebuilt and is undergoing refurbishment. This will be able to seat 25 when complete.

PLANNING

The property has an established use as a restaurant and residential accommodation

SERVICES

Mains Electricity, water, gas and drainage are connected to the property

TENURE

The property is offered for sale freehold with vacant possession. The price includes the business, all fixtures and fittings, goodwill and stock at valuation

RATEABLE VALUE

The property is presently being re valued

CEPC

The property has an EPC rating of C.

LEGAL COSTS

Each party are responsible for their own legal costs

VAT

The price expressed is exclusive of VAT

LOCAL AUTHORITY

Lincoln City Council City Hall Beaumont FeeLincoln LN1 1DDTel

VIEWINGS

Contact Pygott & Crone Commercial 36a Silver StreetLincolnLN2 1EW Tel

4-6 Burton Road, Lincoln, Lincolnshire, LN1

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lincoln Central Station0.8 miles
  • Hykeham Station3.7 miles

About PYGOTT & CRONE COMMERCIAL, Lincoln

36a Silver Street, Lincoln, LN2 1EW

Notes

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Disclaimer - Property reference 10639336. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by PYGOTT & CRONE COMMERCIAL, Lincoln. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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