Unit 6, Corn Exchange Building, Cornhill Quarter, Lincoln
Description
The property comprises an end of terrace food & beverage unit (which would also be suitable for retail use) with a wide frontage onto Sincil Street, located within the well-established leisure and retail area of the Cornhill Quarter in the heart of Lincoln City Centre.
The unit is fully fitted to a high standard which includes an atrium style restaurant and bar with separate customer WC’s, kitchen and storage areas.
Location
The Cornhill Quarter is strategically located adjacent to the City’s major infrastructure links, which include the train station, bus station and a new 1,000 space multi-storey car park.
Nearby occupiers within the scheme include Everyman Cinema, The Botanist, Lakeland, Tortilla, Turtle Bay, Whistles, Pho, Hobbs & Cosy Club as well as a good mix of other well-regarded national, regional and local retailers and The Cornhill Market, which has recently re-opened following a multi-million pound refurbishment.
Lincoln is the administrative centre and major shopping centre within the county of Lincolnshire, with an urban population of 130,000 and a total catchment population of 545,000, generating a total comparison goods expenditure of over £985m. It is also a growing University city with over 15,000 student and academic staff based at the City’s main campus, lying to the east of the City Centre, a short walk from the Cornhill Quarter, contributing an estimated £250 million to the local economy.
Rent
£85,000 per annum exclusive
Rates |
Rateable Value
|
£90,000 |
UBR
|
0.546 (2024/25) |
Viewing
Viewing strictly by prior appointment with the agent:
Licensing
The current Premises License allows the property to open from 08:00 to 00:30 7 days a week, extended to 02:30 on New Years Eve.
It also permits the sale of alcohol for consumption on and off the property 7 days a week from 11:00 to 00:00 and from 11:00 to 02:00 on New Years Eve.
VAT
VAT will be charged in addition to the rent at the prevailing rate.
Energy Performance Certificate
24A
Service Charge
£1,746.71 excluding VAT.
Legal Costs
Each party is to be responsible for their own legal costs incurred in documenting the transaction.
Lease Term
New Lease for a term of years to be agreed.