15 year lease from October 2023 (Subject to Option)
Approx. 404.40 sq m (4,352 sq ft)
Nearby occupiers include Tesco Express, Caffe Nero, Greggs, Tesco Express, Franco Manca, Wildwood, Slug & Lettuce and a range of local businesses
Popular and historic Cathedral City
Lot 8
Auction 30th October 2025
Rent £75,000 per Annum Exclusive
Status Available
Guide* Contact Us
Sector Restaurant, Leisure
Auction Venue Live Streamed Auction
Property Information
Location
Miles
32 miles north-east of Nottingham, 47 miles north of Peterborough
Roads
A1 (M), A15, A46
Rail
Lincoln Central Station (direct services to London Waterloo)
Air
East Midlands Airport
Situation
The property is prominently situated on a busy pedestrianised trading location on the north side of the High Street. Nearby occupiers include Tesco Express, Caffe Nero, Greggs, Tesco Express, Franco Manca, Wildwood, Slug & Lettuce and a range of local businesses.
Tenure
Freehold.
Location
Miles
32 miles north-east of Nottingham, 47 miles north of Peterborough
Roads
A1 (M), A15, A46
Rail
Lincoln Central Station (direct services to London Waterloo)
Air
East Midlands Airport
Situation
The property is prominently situated on a busy pedestrianised trading location on the north side of the High Street. Nearby occupiers include Tesco Express, Caffe Nero, Greggs, Tesco Express, Franco Manca, Wildwood, Slug & Lettuce and a range of local businesses.
Tenure
Freehold.
Description
The property comprises a well configured & well fitted ground floor restaurant with ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
EPC
Band D.
Description
The property comprises a well configured & well fitted ground floor restaurant with ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
EPC
Band D.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground First
Restaurant/Anc. Ancillary
225.20 179.20
(2,423) (1,929)
MOWGLI STREET FOOD LTD (1)
15 years from 06/10/2023 (2)
£75,000
06/10/2028 and 5 yearly thereafter (1)
Total
404.40
(4,352)
£75,000
(1) Established in 2014, Mowgli now trades from 27 restaurants in the UK, including branches in London (Charlotte Street, W1 & Stratford), Birmingham, Brighton, Bristol, Cardiff, Cheltenham, Edinburgh, Liverpool, Manchester & Oxford (www.mowglistreetfood.com). (2) The lease provides for a tenant option to determine on 06/10/2033.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
