LocationHarbour Lights, Burton Waters, a marina village 3.5 miles northwest of Lincoln City Centre, accessed just off the A57, between Lincoln and Saxilby.
Burton Waters is easily accessible off the A46 from Newark (30 minutes) & via the A15 from Scunthorpe (45 minutes) and Sleaford (35 minutes).
The setting is an idyllic oasis, with the restaurant positioned over the Harbour with a Southwest facing aspect over the marina locks.
Burton Waters has a host of local amenities, shops and businesses, with nearly 400 homes within the Marina and a large Marston's pub with rooms.
Internal Details• Gross Internal Area of 289.85 SqM (3119.9 SqFt)
• Large octangular area with dining area
• Separate kitchen, toilets, cellar, office and mezzanine seating area
• Unit is in excellent internal condition offering a turnkey opportunity
• 96 internal covers
Fixtures & FittingsFixtures and fittings are included within the sale.
External Details• Decked area covers almost the full perimeter of the restaurant
• Significant visitor parking
• Idyllic Marina setting with nearly 400 local residences
• Potential for 36 external covers
• Site Area 0.123 acres
The OpportunityHaving lovingly acquired and refurbished the venue, our client is seeking to sell their long leasehold interest. The venue would benefit from a new operator, seeking to streamline and invest time into making the necessary operational improvements. The venue is situated in a fantastic setting, serving both residents and acting as a destination for those further afield.
The restaurant currently operates from Friday to Sunday only. As a wedding venue, the unit has significant potential and currently operates on Monday to Thursday during the peak season.
Trading InformationThe venue has a full wedding license and late license to serve alcohol until 2am, 7 days a week.
Trading information will be provided to interested parties upon request. Our opinion is that the business should be trading for greater returns, without the need for significant expenditure.
TenureVirtual freehold 999 years from January 1999 – 974 years remaining on the lease.
Peppercorn Ground Rent
Service Charge - £7,608.64 + VAT for 24/25
