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50 Bailgate 3,228 sq ft of Retail Space Available in Lincoln LN1 3AP
HIGHLIGHTS
- Landmark restaurant building
- Grade I Listed building
- Entrance to the Bailgate
SPACE AVAILABILITY (1)
Display Rent as
- SPACE
- SIZE
- TERM
- RATE
- TYPE
| Space | Size | Term | Rate | Type | ||
| Ground | 3,228 sq ft | 5 Years | £13.94 /sq ft pa £1.16 /sq ft pcm £45,000 pa £3,750 pcm | Fully Repairing & Insuring |
Ground
The property is offered on negotiable lease terms subject to a minimum of 5 years with 5 year rent reviews and full repairing and insuring terms. The tenant will be required to pay an up front 3 month rental deposit.
- Use Class: E
- Fully Fit-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Private Restrooms
- Secure Storage
- 70 covers on ground floor
- Potential 80-100 FF
- Landmark restaurant building
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing agent for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
PROPERTY FACTS
| Total Space Available | 3,228 sq ft | Net Internal Area (NIA) | 3,228 sq ft |
| Property Type | Retail | Year Built | 1880 |
| Property Subtype | Shopfront |
| Total Space Available | 3,228 sq ft |
| Property Type | Retail |
| Property Subtype | Shopfront |
| Net Internal Area (NIA) | 3,228 sq ft |
| Year Built | 1880 |
ABOUT THE PROPERTY
An excellent and rare opportunity to take a lease on the landmark Grade I listed restaurant and takeaway building at the entrance of the Bailgate and the cathedral quarter of the city. The property will continue as an excellent location as a restaurant having been trading as the famous Newport Arch Chinese restaurant for over 30 years. The building has covers for 70 on the ground floor but could accommodate a further 80 to 100 at first floor level.
- Storage Space
NEARBY MAJOR RETAILERS
Presented by
50 Bailgate
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