LOCATION
The property is situated in the heart of the historic Steep Hill district of Lincoln, close to the Castle, Cathedral and all tourist attractions around the Bailgate area, yet just a short walk north of the main city centre.

Lincoln is one of England's finest Cathedral Cities, having a population and surrounding catchment of circa. 550,000 residents.

DESCRIPTION
Thriving Leasehold Business For Sale - We are delighted to offer for sale this iconic well-established Tea Room business located within the heart of the historic 'Steep Hill' district of the City Centre, close to the Castle and Cathedral and sat within a bustling tourist district, just a short walk from the City Centre, having recently been awarded a ‘2024 Good Food Award’ and having the benefit of a ‘5-Star Hygiene Rating’.

ACCOMMODATION
The property comprises a mid-terraced Grade II Listed Building of considerable character with accommodation across two floors, together with a fully equipped catering kitchen at first floor level. Full details in respect of the business and fixtures and fittings are available to all seriously interested parties.

Ground Floor
Comprising a split-level dining area with serving area and WC facilities - 27 sq.m (291 sq.ft).

First Floor
Comprising a fully equipped kitchen and additional dining space - 25 sq.m (270 sq.ft).

Total Floor Area - 52 sq.m (560 sq.ft).

SERVICES
Mains water, electric and drainage are understood to be connected to the property.

EPC - Not applicable (Grade II Listed Building)

TERMS
Lease Terms - The property is held under the terms of a Lease, with three years left to run (9th September 2027). The Passing Rent is £17,000 per annum for the remainder of the term. Full details are available on request.

OUTGOINGS
Rateable Value - £8,300

Small Business Multiplier (2024/2025) 49.9p in the £.

The property qualifies for Small Business Rates Relief, depending on individual circumstances.

VAT
The Vendor has confirmed that VAT is not payable in addition to the rent, or the purchase price.

LEGAL COSTS
The ingoing Tenant will be responsible for Agent's referencing fee of £120 inc VAT, together with the reasonable legal costs associated with transferring/assigning the Lease.

PLANNING
The current use of the building is as a café falling within Class ‘E’ (Restaurant and Café) of the Town & Country Planning Use Classes Order (1987) as amended.

The property is Grade II Listed and it is also located in a Conservation Area.

VIEWING
Strictly via Mundys Commercial - 01522 556088