LOCATION
Gordon Road runs between Bailgate and St. Paul's Lane within the ever popular Bailgate district in 'Uphill' Lincoln, close to the Cathedral, Castle and Steep Hill tourist/retail area. Lincoln has a population of around 130,000 residents and is a vibrant city which, in addition to its rich cultural history, has a growing University and other excellent facilities, resulting in Lincoln being a popular tourist destination and place to live.

DESCRIPTION
(For the Lease, Business and Business Fixtures & Fittings) - We are delighted to bring to the market this popular and thriving tea room business located within a prime position in 'Uphill' Lincoln. The property is located just off the Bailgate, popular with locals and tourists, given its close proximity to the Cathedral, Castle and a wide range of independent boutiques and eateries. Grayz Tea Room has internal accommodation extending to 38 sq.m (400 sq.ft) and is principally open-plan comprising a seating area with 20 covers indoors and a further 12 covers outdoors, together with a kitchen/preparation area and WC. The sale includes all business fixtures and fittings and turnover information can be made available to seriously interested parties.

There are also access rights to a useful covered passageway to the rear, suitable for storage and with storage outbuildings and refrigeration included.

SERVICES
Mains drainage, electricity and water are connected.

EPC Rating - C

TERMS
Lease Terms - The property is held on a Lease which expires on 20th June 2031. The current rent is £11,000 per annum, plus VAT and the next rent review is due on 24th June 2030. The Tenant also has the opportunity to break the Lease in June 2029.

OUTGOINGS
Rateable Value - £13,500

The property may benefit from the reduced 'Retail, Hospitality & Leisure' Multiplier of £38.2p in the pound (2026/2027)

VAT
VAT is not payable on the purchase price.

LEGAL COSTS
The ingoing Tenant will be responsible for the Agent's referencing fee (£150 inc VAT), together with the costs associated with assigning the Lease. Further details are available on request.

OTHER
Fixtures & Fittings - The business is for sale to include all business fixtures and fittings. A full inventory is available to interested parties.

Note - Please note that the external photograph used in this marketing has been digitally enhanced and is for illustration purposes only.

VIEWING
By prior appointment via Mundys Commercial