This property is no longer on the market
Restaurant
Property description & features
LOCATION
West Parade is a busy through-road, linking the West End district to Lincoln City Centre and is a bustling Residential District.
DESCRIPTION
For the Lease & Business - Thriving Café/Pizzeria Business For Sale - We are delighted to offer for sale this particularly popular and established coffee shop and bistro/pizzeria within the living West End district of Lincoln, popular with students and young families, providing an excellent client base for this stylish coffee shop/bistro. The business is sure to generate a high level of interest given its location and reputation and prospective Buyers should contact the Agents at their earliest opportunity to arrange to view.
This highly successful coffee shop/bistro enjoys an excellent reputation and is renowned for its specialist pizza nights, which are highly popular. The dining area can accommodate up to 16 covers and is stylishly presented throughout. Additionally, there is a well-equipped catering kitchen including a five pizza oven, espresso coffee machine, a further double oven and American-style larder fridge/freezer. A full inventory of fixtures and fittings is available to all interested parties. The property is considered to offer further potential for increasing income by extending open hours if required.
ACCOMMODATION
The dining area extends to 3.9m x 3.6m and is attractively furnished to provide up to 16 covers, being open-plan with the fully equipped kitchen measuring 3.2m x 2.8m and beyond this, there is a WC compartment and store.
Externally, a forecourt frontage can accommodate further bistro tables and chairs, whilst to the rear, there is a useful off-road car parking space which could double-up as further outdoor dining space during the summer months if required.
SERVICES
Mains water, electricity and drainage are connected.
EPC Rating - E
TERMS
The property is available to let under the terms of a new Lease to be agreed at the rent of £5,000 per annum to increase 3% per annum. Full details are available on request.
The ingoing Tenant is responsible for a referencing fee in the sum of £100 inc VAT, together with the Landlord's reasonable legal costs for the production of the Lease.
OUTGOINGS
To be confirmed.
Small Business Multiplier (2021/2022) 49.9p in the £.
The property may qualify for small business rates relief.
It is likely that the Purchaser will be entitled to claim 'Small Business Rates Relief', resulting in a zero rates liability. Prospective tenants should make their own enquiries regarding Small Business Rates Relief.
VAT
Not applicable.
VIEWING
By prior appointment through Mundys Commercial.
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Broadband availability and predicted speed
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Energy Performance data and Internal floor area
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