50 Bailgate, Lincoln, Lincolnshire, LN1
£14.06 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
3,200-3,300 sq ft
297-307 sq m
- SECTOR
Restaurant to lease
Lease details
- Lease available date:
- Now
- Lease type:
- Long term
- Furnish type:
- Furnished or unfurnished, landlord is flexible
Key features
- To Let
- Landmark restaurant building
- Entrance to the Bailgate
- 3228 sqft (299.8 sqm)
- 70 covers on ground
- Potential 80-100 FF
- Grade I Listed building
- Negotiable lease terms
Description
An excellent and rare opportunity to take a lease on the landmark Grade I listed restaurant and takeaway building at the entrance of the Bailgate and the cathedral quarter of the city. The property will continue as an excellent location as a restaurant having been trading as the famous Newport Arch Chinese restaurant for over 30 years. The building has covers for 70 on the ground floor but could accommodate a further 80 to 100 at first floor level.
Location
A rare opportunity to take a lease on this prominent landmark building at the entrance to the Bailgate and Cathedral Quarte of the City. The building traded for over 30 years as the famous Newport Arch Chinese Restaurant. Newport Arch is a 3rd Century Roman Gate and is reputedly the oldest arch in Britain. 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 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 has the following accommodation:Ground Floor Net internal area 1542 sqft (143.2 sqft) with restaurant for 70 covers, First Floor 1686 sqft (156.6 sqm)Total 3228 sqft (299.8 sqm)
PLANNING
The property has an established use as a restaurant and takeaway and was formerly the Newport Arch Chinese Restaurant. The property is Grade I listed.
SERVICES
All mains services are connected however services have been tested.
TENURE
The property is offered on negotiable lease terms subject to a minimum of 5 years with 5 year rent reviews and full repairing and insuring terms. The tenant will be required to pay an up front 3 month rental deposit.
RATEABLE VALUE
There is no rateable value listed for the property
CEPC
Not applicable as the building is Grade I listed
LEGAL COSTS
Each party are responsible for their own legal costs
VAT
The rent is exclusive of VAT if applicable
LOCAL AUTHORITY
Lincoln City Council City HallBeaumont FeeLincoln LN1 1DDTel
VIEWINGS
Contact Pygott & Crone Commercial 36a Silver Street LincolnLN2 1EWTel
50 Bailgate, Lincoln, Lincolnshire, LN1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lincoln Central Station0.8 miles
- Hykeham Station3.9 miles
Notes
Disclaimer - Property reference 10701339. 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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