LOCATION
The property occupies a prime position on Steep Hill, famed for its eclectic mix of boutiques and restaurants and located within the main historic tourist district of Lincoln, providing a pedestrian link between Lincoln's High Street to the south and the Castle & Cathedral to the north. Steep Hill and Bailgate areas are very busy tourist attractions, with Lincoln having a population of around 130,000 residents, being a vibrant city, which in addition to its rich cultural history, has a gas growing University and other excellent facilities, resulting in Lincoln being a popular tourist destination and a great place to live.
DESCRIPTION
For the Lease, Goodwill & Business Fixtures & Fittings (Plus Stock at Valuation) - Unique business opportunity within prime 'Steep Hill' tourist location - We are delighted to offer this unique opportunity to acquire an exciting business opportunity currently in its infancy, but having potential to be developed in a number of retail and leisure areas. The current business has a fantastic website - https://lincolnimporium.co.uk/, which forms part of the sale of this business and interested parties should visit this website for further information on the existing business. The business is designed around the famous Lincoln Imp and its long-serving history and association with Lincoln Cathedral. The retail premises have been fitted out and equipped to a high-specification and all business fixtures and fittings are included in the sale. Further details are available on request.
ACCOMMODATION
The ground floor retail space (5m x 5.3m) is fully fitted with shelving and bespoke cabinets. From the sales area, there is access to a basement store (4.9m x 4.5m) and at first floor level, there is an office/store room (4.5m x 2.7m), together with a kitchen and WC compartment off. In addition, there is a large first floor office/workshop area (extending to 6.2m x 5m maximum) which is currently used for both Imporium run craft workshops as well as being rented to other craft based businesses. It has potential as a rentable space for further income generation.
SERVICES
All mains electric and water are connected. Heating is fed by an electric boiler in the kitchen serving radiators throughout the accommodation.
EPC Rating - A (However, the property is Grade II Listed)
TERMS
LEASE TERMS - The property is available by way of an assignment of the existing Lease, which expires on 30th September 2029 at an annual rent of £30,000. The Lease is a conventional internal repairing & insuring Lease and further details are available upon request.
OUTGOINGS
Rateable Value - £15,750
Based on the Small Business Multiplier for Retail, Hospitality and Leisure uses, the rate payable for this current financial year are £6,016.50 (43.2 pence in the £. for 2026/2027)
VAT
VAT is not payable on the purchase price or the annual rent charged.
LEGAL COSTS
The Tenant is responsible for the Agent's referencing fee of £150 inc VAT, together with the reasonable legal costs associated with assigning the Lease. Further details are available on request.
A deposit may also be payable.
VIEWING
By prior appointment through Mundys Commercial.
