'Pasta Go' 48 High Street, Lincoln, Lincolnshire, LN5 8AN

Location
Travelling along High Street from Lincoln City Centre, the property can be identified on the right hand side, on the junction with Robey Street, Lincoln.

Description
(Lease, Business and All Fixtures & Fittings For Sale) Mundys are pleased to offer the opportunity to acquire the popular hot food takeaway 'Pasta Go'. Located on Lincoln High Street, south of the city centre benefiting from high passing foot/vehicle traffic. The ground floor retail unit extends to 34.8 sq. meters (275 sq. ft.) comprising of a sales area, kitchen/preparation area and a WC compartment. There is also considered to be potential to increase turnover and profitability by extending the opening hours.

Accommodation
Retail Area - 4.4m x 4m
With tiled floor, plaster finish walls and serving counter.

Rear Preparation Area and Kitchen - 4m x 4.3m
With tiled floor and walls, a range of modern wall and base units, including stainless steel sink unit and extractor unit for cooking facilities.

In addition, there is a WC Compartment off with low-level WC and wash hand basin.

Services
Mains drainage, electricity and water are understood to be connected to the premises.

EPC Rating - D

Tenure
Lease, business and all fixtures and fittings are available for purchase at the guide price of £30,000.

The property is currently let on an Internal Repairing Basis. The current lease runs until 28th August 2026 at an annual rental of £7,020 per annum plus a monthly building insurance contribution. The landlord may consider to a brand new lease subject to negotiations. A deposit will also be payable.

Rates
Rateable Value - £6,000

Small Business Multiplier (2024/2025) 49.9p in the £.
The property may qualify for small business rates relief.

Legal Costs
The purchaser will be responsible for their legal own costs along with the Landlord's reasonable legal costs for the assignment of the current Lease or the production of a new Lease.

The ingoing tenant will also be responsible for the Agent's referencing fee of £150 inc VAT per applicant.


Viewing
By prior appointment through Mundys Commercial