Premises to let as takeaway closes after six months

A Chinese takeaway in Lincoln has closed after less than six months operating in the city, and the premises are now up to let for another business.

Hotcha on 100 Lincoln High Street had a troubled history from the start. It first opened as part of a national chain in July 2017, only to close five months later in October 2017, as the company was the subject of a suspected money laundering operation and went into administration.

Then, before Christmas 2018, the business was taken on independently and reopened at Gotcha — but it didn’t have better fortunes, as it closed six months later.

The owner of the building, which has student housing above, has now put back the takeaway restaurant premises to let on the market.

The unit is 958 sq ft (89 sq m), recently refurbished and furnished, including a fully integrated commercial kitchen.

The premises are marketed by Banks Long at £1,646 per month, and is billed as a “great potential business opportunity.”

Just further north of the High Street, another Chinese restaurant is on the market. City Vault, a former pub transformed after a car crashed into it, is marketed at £25,000 per year.