Brayford Waterfront Barge sold for £192k to Students’ Union

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The Barge on the Brayford restaurant on Brayford Waterfront has been sold at auction for £192,000.

The University of Lincoln Students’ Union won the auction, which was held by Lambert Smith Hampton, after bidding against one other party.

The Barge on the Brayford is a fully fitted licenced restaurant of about 1,608 sq ft and 170 covers. The sale included the barge itself, associated goodwill and all fixtures and fittings.

It has a three-year mooring lease from the Brayford Trust at £10,508 per annum.

Bidding started at £130,000, with the final bid coming in at £192,000.

The Students’ Union already owns The Engine Shed, Tower Bar, and The Swan and has confirmed that the concept for the renovation of the Barge is currently under wraps.

Further details on plans for the Barge will be provided in the coming months.

James Brooks, University of Lincoln Students’ Union CEO, said: “We’re incredibly pleased to have been successful in the auction.

“We’re looking forward to putting an historic Lincoln landmark back into action for both students and the wider community to use.”

Captain Kirk-Keverne, The Barge on the Brayford’s previous owner, added: “I’m delighted to see The Barge handed over to the Students’ Union.

“It’s exciting to see the legacy continue, with young people and locals able to enjoy it once again in the future. I can’t wait to see The Barge taken forward into its next chapter.”