Fully Equipped Restaurant, 51 Burton Road, Lincoln, Lincolnshire, LN1

Location
Burton Road is a particular popular mixed-use residential/commercial district within 'Uphill' Lincoln and close to the tourist district of Lincoln including the Bailgate area, Lincoln Castle and the Cathedral, which are all within walking distance. Burton Road is located approximately half a mile north of the City Centre. The property is located close to the junction of Burton Road with Union Road and Westgate.

Description
Fully Equipped Restaurant Premises to Let by way of a Sub-Lease only - This is a rare opportunity to secure a fully furnished and equipped restaurant facility within a most popular location in 'Uphill' Lincoln, close to the Castle, Cathedral and Bailgate retail district. The premises provide seating for 32 diners at ground and first floor level. In addition, there are extensive kitchen areas, preparation rooms and store rooms beyond. A full list of business fixtures and fittings to be included is available on request.
Accommodation At ground floor level, the restaurant area is 3.5m x 8.5m providing dining for approximately 20 covers and includes a reception area/counter and stairwell providing access to the first floor dining area and WC facilities.

The first floor dining room is 3.8m x 3.2m with attractive Period fireplace and sash window overlooking Burton Road and offering dining space for approximately 12 covers. In addition, to the rear at first floor level, there are well-equipped male and female WC facilities. There is also a staircase providing access to an attic room, suitable for storage.

To the rear of the restaurant are a number of kitchens, preparation rooms and store rooms together with an office area, which are fully equipped to a catering standard, including cooking and food preparation space together with refrigeration and freezers.

The overall floor area is 135 sq.m (1,457 sq.ft).

Services
Mains drainage, gas, electricity and water are connected. An air-conditioning system is installed within the ground floor dining space.

EPC Rating - D

Lease Terms
The property is available to let by way of a sublease for a term of years to be agreed until 9th February 2027 at a rental of £11,000 per annum, payable quarterly in advance on the usual quarterly days - 25th March, 24th June, 29th September and 25th December, inclusive of all business fixtures and fittings. A deposit equivalent to three months' rent will also be payable. Further details are available on request.

Rates
Rateable Value - £6,500

Small Business Multiplier (2023/2024) 49.9p in the £.

The property may qualify for small business rates relief and prospective tenants should make their own enquiries regarding Small Business Rates Relief.

VAT
VAT is not payable on the rent.

Legal Costs
The ingoing Tenant will be responsible for a referencing fee of £120 inc VAT per person named on Lease, together with the Landlord's reasonable legal costs associated with the production of the Sublease. Further details are available on request.

Viewing
By prior appointment with Mundys Commercial.