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Harbour Lights, The Landing, Burton Waters, Lincoln, LN1 2TU

£850,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Restaurant for sale

Key features

  • A unique restaurant / wedding venue
  • Recently refurbished to an excellent standard
  • Well established reputation and destination
  • Significant visitor parking within the Marina
  • EPC rating C
  • Significant turnover uplift potential through operational improvements
  • Christie & Co Ref: 5760514

Description

Location

Harbour 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 & Fittings

Fixtures 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 Opportunity

Having 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 Information

The 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.

Tenure

Leasehold 999 years from January 1999 – 974 years remaining on the lease.
Peppercorn Ground Rent
Service Charge - £7,608.64 + VAT for 24/25

Energy Performance Certificates

EPC 1

Brochures

Harbour Lights, The Landing, Burton Waters, Lincoln, LN1 2TU

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lincoln Central Station2.9 miles
  • Saxilby Station3.1 miles
  • Hykeham Station3.7 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 5760514-lh. 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 Christie & Co, Pubs & Restaurants. 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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