The Barge Brayford Wharf North, Lincoln, Lincolnshire, LN1 1YW

Guide Price* : £130,000

  • Fully fitted bar/restaurant in a prominent location
  • Located in prime pitch in Lincoln city centre opposite One The Brayford
  • The sale will include the barge, associated goodwill and all fixtures and fittings

Description

A large barge that has been fully fitted out as a 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 about 1,605 sq ft (149.34 sq m), for about 176 covers with extensive outside seating areas. The sale will include all fixtures and fittings (see legal pack).

Location

Summary: The property is located on Brayford Wharf North, the prime leisure pitch within the City of Lincoln near One The Brayford
Miles: Doncaster 37 miles, Sheffield 48 miles, Nottingham 39 miles
Roads: A15, B1262, B1188, B1273
Rail: Lincoln
Nearby Occupiers: Wagamama, Prezzo, Costa, University of Lincoln, Nando's

Tenure

The boat is owned by the current operator who has a 3 year mooring lease (see legal pack) from the Brayford Trust at £10,508 per annum. The current owner has run the business for about 20 years and has been informed by the Brayford Trust that they would consider a longer lease term (see legal pack)

Planning

City of Lincoln Council (01522873474) www.lincoln.gov.uk. The current use is within Class A4 (drinking establishment) of the Town and Country Use Classes Order 1987 (as amended), which permits uses within Class A3. The current owners also have a full Licence to sell alcohol and operate until 1.30 am

Bidder Registration

In order to bid you will be required to provide proof of identification, proof of address and source of funds before being authorised to bid.

We will also take a hold on funds from your debit or credit card of £5,000 before you can bid.

Please see our Online Bidding and Registration Guide for further information, but note that as soon as you enter your debit or credit card, the hold on funds will be taken and this amount on your card will be "reserved" for this potential transaction and the amount will be deducted from the balance of your bank account.

We recommend you enter your debit or credit card from 7 days before the auction date, to avoid the £5,000 payment being processed and the funds being "reserved" and held by our Sagepay provider unnecessarily.

It is the bidder's responsibility to ensure that they have adequate funds in their bank account so that the initial hold on funds can be taken and reserved by our Company (or agent) so that this does not impact on their immediate banking responsibilities. Lambert Smith Hampton (LSH) or our agent will not be held responsible for any banking fees that may arise from any party once a hold on funds has taken place. Please contact the auction team for further information if required.

Registration for bidding will close at 5:00 pm on 12 June 2018, after which we cannot guarantee giving you permission to bid at the auction.

Glossary

A Glossary of some common auction terms and an explanation around them to assist you with your purchase can be found here.

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Accomodation

Address Accommodation Sq M Sq Ft
The Barge, Brayford Wharf North Two levels (about 176 covers) 149.34 1,608
Measurements provided by the vendor

Vendor's solicitor

Chattertons Solicitors
Melissa Thompson
01522 551163
melissa.thompson@chattertons.com

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. 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.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

Log in to view your status

Sold for £192,000

This auction lot is now closed.

Auction Ended

Connecting to server...

The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Vendors Solicitor

Melissa Thompson
01522 551163

Agreement Documents


Subject to Contract and Exclusive of VAT © Lambert Smith Hampton December 2019

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, 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.