Newport Arch, 50 Bailgate, Lincoln

Location
A rare opportunity to take a lease on  this prominent landmark building at the entrance to the Bailgate and Cathedral Quarte of the City. The building traded for over 30 years as the famous Newport Arch Chinese Restaurant.  Newport Arch is a 3rd Century Roman Gate and is reputedly the oldest arch in Britain. The Property is situated close to the castle, Bailgate and Cathedral Quarter. The property is situated in a mixed residential and commercial area of the city which is a highly popular location. The Property is within the Bailgate area and cathedral quarter of Lincoln. This area is an extremely popular destination for tourists and this historic Uphill area of Lincoln enjoys close to 2 million tourist visitors annually.

ACCOMMODATION
The property has the following accommodation:

Ground Floor Net internal area 1542 sqft (143.2 sqft) with restaurant for 70 covers, 

First Floor 1686 sqft (156.6 sqm)

Total 3228 sqft (299.8 sqm)

PLANNING
The property has an established use as a restaurant and takeaway and was formerly the Newport Arch Chinese Restaurant. The property is Grade I listed.

SERVICES
All mains services are connected however services have been tested.

TENURE
The property is offered on negotiable lease terms subject to a minimum of 5 years with 5 year rent reviews and full repairing and insuring terms. The tenant will be required to pay an up front 3 month rental deposit. 

RATEABLE VALUE
There is no rateable value listed for the property 

CEPC
Not applicable as the building is Grade I listed 

LEGAL COSTS
Each party are responsible for their own legal costs 

VAT
The rent is exclusive of VAT if applicable 

LOCAL AUTHORITY
Lincoln City Council 

City Hall

Beaumont Fee

Lincoln 

LN1 1DD

Tel 01522 881188

VIEWINGS
Contact Pygott & Crone Commercial 

36a Silver Street 

Lincoln

LN2 1EW

Tel 01522 536777