Harbour Lights, The Landing, Burton Waters, Lincoln, LN1 2TU
- 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
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.
• 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 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
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.
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.
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 1Brochures
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
Notes
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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