July 29, 2020 5.10 pm This story is over 46 months old

Lincoln strip club under offer with new owners

Second potential buyer since on sale

A Lincoln strip club could have new owners later this year after an offer was put in to buy the premises listed with a leasehold of almost £80,000.

Krystals on Park Street, which has a net turnover of around £350,000, describes itself as Lincoln’s finest gentleman’s club with a “wonderful selection of beautiful ladies ready to entertain you and spend quality time with you in a discreet and classy atmosphere”.

Sidney Phillips is marketing the premises on a 12-year lease with rent of £37,000 per annum.

The club, which has a leasehold of £79,950, was under offer from another buyer in February, but that fell through.

Another interested party soon put an offer and it is understood that the intended buyers are looking to retain the use of the premises as they are experienced in the industry.

However, nothing has yet been finalised and the property remains under offer with Sidney Phillips, a firm of chartered surveyors with a national network of seven branches.