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The Barge, Brayford Wharf North, Lincoln, Lincolnshire, LN1 1YW
Guide Price* : £110,000 plus
- Fully Fitted Cocktail Bar/Restaurant in a Prominent Location
- Approximately 143.08 Sq M (1,540 Sq Ft) GIA
- Located In Prime Pitch in Lincoln City Centre Opposite One The Brayford
- The Sale Will Include The Barge and All Fixtures And Fittings
Description
A large barge that has been fully refurbished by the current owner in 2019 and is fitted out as a cocktail bar/restaurant, that occupies a prominent location within Lincoln's leisure circuit. Brayford Harbour is the oldest inland harbour in England, dating from pre-Roman times. Once a thriving port, the Brayford area is now one of the most vibrant and exciting parts of Lincoln, boasting a 21st Century university campus, stylish restaurants and internationally renowned hotels.
The accommodation is laid out over 2 levels extending to approximately 143.08 sq m (1,540 sq ft) GIA with extensive outside seating areas which are approximately 18 m 59 ft long. The Barge in total is approximately 40 m (131 ft) in length.
The sale will include all fixtures and fittings (see legal pack).
Location
The property is located on Brayford Wharf North, the prime leisure pitch within the City of Lincoln near One The Brayford with nearby occupiers including a number of multinationals - Nandos, Costa, Wagamama, Five Guys, Ask Italian and Tesco Express to name a few.
Tenure
The barge is owned by the current operator who has a 10 year mooring underlease lease (see legal pack) with the Brayford Trust expiring on 17 January 2029 at a rent of £11,596 per annum.
Planning
There is an agreement between Lincolnshire County Council and the Licensee expiring 30 September 2024 for the 'Permission for Refreshment Facilities and Stalls on the Highway' between the hours of 12:00 to 22:00 Monday to Sunday. A copy is provided in the ‘Legal Pack’.
The premises is licensed for the following activities (seven days a week from 11:00 until 01:00)
Supply of Alcohol (both on and off supplies)
Live Music
Recorded Music
Performances of Dance
Activity like music/dance
Late Night Refreshment
A copy of the Premises License can be found in the ‘Legal Pack’.
Planning Authority
City of Lincoln Council (01522873474) www.lincoln.gov.uk.
Bidder Registration
Registration for bidding will close at 2:00 pm the day before the auction, after which we cannot guarantee giving you permission to bid at the auction.
VAT
The property is elected for VAT
Energy Performance Certificate
No EPC required
Accommodation
| Address | Accommodation | Sq M | Sq Ft |
|---|---|---|---|
| First Floor | Seating Area for Approximately 8 Covers | 3.75 | 40 |
| Lower Ground Floor | Seating Area for Approximately 50 Covers | 62.62 | 674 |
| Ground Floor | Main Bar Seating Area for Approximately 20 Covers, Kitchenette & Pot Wash Area, Bar Servery, Ladies and Gents WC's | 76.72 | 826 |
Contact
Vendor's solicitor
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
Office Contact
Vendors Solicitor
Legal Documents
Log in to view legal documentsAgreement Documents
Additional Documents
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton March 2025
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including LSH Property Auctions, and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
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