Summary - 48, High Street,LINCOLN,LN5 8AN LN5 8AN
1 bed 1 bath Takeaway
**Standout Features:**
- Prime location on Lincoln's High Street with high foot and vehicle traffic
- Established takeaway business “Pasta Go” with valuable fixtures and fittings included
- Total space of approximately 351 sq. ft., featuring a retail area, kitchen/preparation zone, and separate WC
- Leasehold status with three years remaining on the lease, rental cost of £7,020 per annum
- Potential for increased turnover by extending opening hours
**Notable Concerns:**
- Short lease term may deter mortgage lenders
- High crime rate in the area; potential implications for security and insurance
- Property in a deprived area, impacting customer base
Discover this unique opportunity to own a well-established hot food takeaway in a bustling location on Lincoln's High Street. With ample street visibility and a clever layout, including a customer area with large windows and a fully-equipped kitchen, this property is ideal for aspiring restaurateurs or investors looking to capitalize on an established business. The current lease has three years remaining, providing a stable foundation for further growth, including the possibility to extend operating hours to boost profitability.
However, potential buyers should note the high local crime rate and that mortgage financing may present challenges due to the short lease term. This property is not just a business; it’s a chance to dive into the vibrant food scene of Lincoln while maximizing the potential for further renovations or expansions. Priced competitively at £30,000, this listing won’t last long—seize the moment today!
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