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, which forms part of the sale of this 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.
- Asking Price:
- £50,000
- Turnover:
- Undisclosed
- Net Profit:
- Undisclosed
Property Information
- Property:
-
Leasehold
- 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.
- Leasehold Rent:
-
£30,000 per annum
- 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 fast growing University and other excellent facilities, resulting in Lincoln being a popular tourist destination and a great place to live.
- Premises Details:
-
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.
- Size in square feet:
- 1,200
