Restaurant to rent

North Street, Gainsborough, DN21

01522 397798

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Restaurant

0 bed

0 bath

4,091 sq ft / 380 sq m

Property description & features

To Let - Prime Restaurant Bar Premises
Fully Refurbished With Fixtures And Fittings
Opposite Prezzo And Marshalls Yard
On The Ground Floor Of Travel Lodge
Prime Position
Ground Floor Area Of 380 sqm (4091 sqft)
Negotiable Lease Terms , Rent £55,000 pax
Premium £50,000 for the use of the fixtures and fittings
EPC Rating - B

The property comprises the former Forge Restaurant which has recently closed in a prime position. The property has been fitted out to a high standard with high quality fixtures and fittings and is fully equipped in a position to trade.

The property is situated in a highly prominent town centre position and the main junction with Marshalls Yard and the town centre. Marshalls Yard is a mixed use development which meets the needs of today’s consumer, with over 225,000 sqft of retail, leisure and office space has been created and West Lindsey District Councils HQ with 34,000 sqft of office space. Well known national and regional brands are located close by to the subject property including, Prezzo, Costa Coffee, Next, Browns of Harrogate, M&S, Greggs, B&M and many more. Gainsborough is an attractive and popular Lincolnshire market town with a population of over 18,000 and is located 20 miles from Lincoln and 15 miles from Doncaster.

Rooms

ACCOMMODATION
The property has an overall ground floor area of 386.3 sqm (4158 sqft).

PLANNING
The property has A3-A5 restaurant, bar and takeaway uses.

SERVICES
All mains services are connected to the property.

TENURE
The property is offered on a new 5 year lease or longer.

PREMIUM & FIXTURES & FITTINGS
The landlord requires a premium of £50,000 for the use of the fixtures and fittings

RATEABLE VALUE
The property has a rateable value of £44,250 from the 1st April 2023.

CEPC
The property has a CEPC of B which is valid until the 10th October 2028.

LEGAL COSTS
Each party are responsible for their own legal costs.

VAT
The rent is exclusive of VAT at the appropriate rate.

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Places of interest

Pygott & Crone - Lincoln

35-36 Silver Street Lincoln LN2 1EW

01522 397798

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Pygott and Crone have been established since 1991, originally founded with one office in Sleaford, the company now covers the whole of Lincolnshire, more recently expanding into Nottinghamshire and working throughout the UK within certain specialist departments. The company is a mixed practice covering Residential Sales, Financial Services, Auction, Residential and Commercial Letting, Commercial and Professional valuation, Surveying, Land and New Homes. Our specialist teams are happy to provide advice on all property matters. The company firmly believes it is important to provide a balance between personal service through our High Street offices combined with excellent technology to allow all customers to engage our services the most suitable way for any individual. We offer a 24/7 service to all our clients. The company is also members of the Land and New Homes Network which enables us to provide very bespoke services to developers and landowners, again we have a dedicated New Homes Specialist for each area ensuring we provide excellent advice. The mortgage market is an ever-changing world and having our own in-house mortgage team really helps us advise clients on the most suitable mortgage for their individual circumstances; being part of Mortgage Advice Bureau ensures we have a wide range of products to consider, currently with over 12,000 different products from over 95 lenders. Finally, and most importantly, we are very involved in our communities, the company firmly believes in supporting Charities, Schools and Sports and are proud to be involved with many local organisations.

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