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£1,000
Lincoln, Lincolnshire, Central Lincoln - Former Social Club
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Price:
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Contact:
01522 504304
Location:
Lincoln, Lincs
Description:
Central Lincoln - Former Social Club - Alternative Uses (Subject To Planning) - Ground, 1st floor and basement - For Sale or To Let
SUMMARY
An imposing city centre building close to the prime retail area and the 'circuit' of clubs and bars. It has potential for investors/developers and occupiers with space on Ground and First Floors as well as basement storage. Part is occupied by the Liberal Club. This area has been recently refurbished with a separate entrance onto St Swithin's Square.
The remainder of the building is available for a variety of alternative uses (subject to planning).
At ground floor level, the accommodation offered to occupiers includes a former bar, dining facilities and a further function room. These present flexible accommodation for a number of potential uses.The first floor is divided into two potential function rooms plus office and stewards flat. This is adaptable space with a number of possible leisure or office uses subject to planning.
Part of the basement is available with separate access towards the rear of the property. This can be used as storage accommodation in conjunction with the upper floors or is available on individual agreements for file storage.
LOCATION
This imposing building is located on St. Swithin's Square, close to Lincoln's Waterside Shopping Centre and the City's social, night time circuit. It is ideally located for a number of uses including bars, clubs, leisure clubs and offices.
DESCRIPTION
Built in the late 19th century, this attractive city centre building was constructed as a political and social club. Parts of the ground floor and basement are occupied by The Liberal Club with surplus ground floor space is available that could be adapted for a number of potential uses, particularly in the leisure market. The first floor accommodation is currently arranged as a snooker room, bar, offices and flat. This presents adaptable space for leisure or office uses. Basement storage may be available in addition to the ground floor space or would be let separately with access via the rear loading area.
SERVICES
Mains electricity, water, drainage and gas are available to the property. None of these services have been tested and interested parties are advised to satisfy that the capacity of services are sufficient.
ACCOMMODATION
Available for occupation;
Ground Floor Trading Area (NIA) 189.0m2 (2034 sq ft)
First Floor Trading Area (NIA) 280.4m2 (3018 sq ft)
First Floor Flat (GIA) 75.0m2 (2 807 sq ft)
Basement (NIA) 272.2 m2 (2935 sq ft)
Let Accommodation;
Ground Floor (NIA) 188.9 m2 (2034 sq ft)
Basement (NIA) 229.0m2 (2465 sq ft)
OUTGOINGS
As yet, the property is not separately assessed for rating purposes.
PLANNING
Interested parties should make their own enquiries of Lincoln City Council on 01522 881188.
PURCHASE
The freehold interest in the whole of Gladstone House is for sale. The price quoted of 495,000 is on the basis that the vendors take back a 125 year least at a peppercorn rent of the ground floor and basement accommodation occupied by The Liberal Club.
RENT
The property is available on a new lease on terms to be agreed. The owners will agree a substantial period at a low rent of 12,000 p/a (about 2 per sq ft) for the vacant space at ground and first floors in return for an ingoing tenant investing in refurbishment costs estimated at TBC
VAT
At the time these particulars were prepared, the client informs us that the exemption in respect of VAT has not been waived. However, any rent agreed will be stated as exclusive of VAT.
VIEWING
By appointment only.
AGENT
John R Elliott
01522 504303
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Property Type:
Commercial & Office Space for Sale
Sq feet:
3,018 sq. ft.
Amenities:
Storage
For sale by:
Agent/Broker
Phone:
01522 504304
Posted:
Contact:
01522 504304
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Let me know if you have any questions. – JHWalter - Sales
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More About this Listing: Lincoln, Lincolnshire, Central Lincoln - Former Social Club
Lincoln, Lincolnshire, Central Lincoln - Former Social Club is a Commercial Property for Sale in Lincoln LIN. Find other listings like Lincoln, Lincolnshire, Central Lincoln - Former Social Club by searching Oodle Marketplace for Commercial Property for Sale in Lincoln LIN.
Lincoln, Lincolnshire, Central Lincoln - Former Social Club is a Commercial Property for Sale in Lincoln LIN. Find other listings like Lincoln, Lincolnshire, Central Lincoln - Former Social Club by searching Oodle Marketplace for Commercial Property for Sale in Lincoln LIN.