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 well-regarded Delicatessen/Eatery, which prides itself on being a plant-based cafe, having an excellent reputation and benefitting from occupying a prime location just off Lincoln's Bailgate within 'Uphill' Lincoln. The lease and business are offered for sale at a competitive asking price and represents an excellent opportunity to acquire this popular business and lease. The internal accommodation extends to 37 sq.m (400 sq.ft) and provides for 14 indoor covers, together with a further 12 outdoor seating spaces, in addition to the fully equipped kitchen, preparation area and WC. In addition, there are access rights to a useful covered storage area to the rear, incorporating refrigeration equipment.

SERVICES
Mains drainage, electricity and water are connected.

EPC Rating - B

TERMS
Lease Terms - The property is held under the terms of a 10 year Lease from 1st January 2026 and the current passing rent is £15,000 per annum, plus VAT, subject to a rent review in January 2031. There is also an option to determine the Lease on 1st January 2031.

OUTGOINGS
Rateable Value - £11,750

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.

VIEWING
Via Mundys Commercial.