It was the end of an era when Revolution in Lincoln closed last week and whatever the future holds for the bar will cost potential buyers £850,000.
The loss-making bar invited customers for one last cocktail on January 22 before closing its doors for good as the Revolution Bars Group tried to reduce the money it pays on rent.
Revolution Group has exchanged contracts with real estate investment company Aprirose, landlord of nine of the Group’s properties, to surrender five leases of underperforming sites and to re-gear a further four leases.
Ed Sandall, Director at Chartered surveyors Fleurets, was instructed by Aprirose to sell the properties, including Revolution Lincoln, which is available on a freehold sale for £850,000 plus VAT.
Fleurets describe the building as a well fitted public house with attractive period features and a 3am premises licence. The property extends to approximately 7,655 square feet and has significant development potential.
Before closing on its final night Revolution Lincoln posted on its Facebook page saying: “Thanks for all of the crazy nights we’ll never remember and the moments we’ll never forget. If you want to share your best Revs memories, drop them below. Thanks for everything, it’s been amazing. Love, your Revs team.”
More of the Group’s properties are available on freehold sales including in Fallowfield, Wolverhampton and Lancaster. Investment sales are also available in Manchester, Leicester, Huddersfield and Newcastle under Lyme.