8 Bedroom B&B with Cafe & Bar, Colchester

Assigned Agent
Location
Price
UNDER OFFER
  • Price UNDER OFFER
  • Agent Neil Mansell
  • Property type Bar
  • Reference EX3706
  • Contract type Freehold
  • Lot area 6250 sqft
  • Location Colchester
  • Listing categories Hotel / Guest House / B&B, Pub / Bar, Restaurant / Cafe

SUMMARY

A large, highly visible building with 8 ensuite bedrooms on the 2 upper floors, café on the ground floor and a basement, this property has been used previously as a public house, bar, music venue and a hotel. Built in 1866, the building has a great deal of character and history and offers potential for a wide range of uses including a coffee shop, restaurant, retail, or as any of its former uses.

 

 

LOCATION

4 St Botolph’s Circus fronts onto the A134 Colchester ring road and is located next door to Colchester Town railway station. By train, the journey time into London is approximately 70 minutes and the town is well served and accessed via the A12 or A120. There is a large public car park at the rear of the building with the main retail centre of the town within immediate walking distance of the building.

 

THE PROPERTY

Set over 4 floors (including the basement) the building offers approximately 6,250 sq ft of accommodation. The building has been recently refurbished and modernised which is ongoing to make it suitable for a new buyer. There is great potential with the building to be used in a number of different ways either for a single occupier or on a multiple occupancy basis.

 

THE BUSINESS

 

Not trading currently however the property has been used formerly as a bar, pub and nightclub venue as well as a hotel. The property is now configured with 8 letting rooms as a B&B on the 1st and 2nd floors with options on the ground and basement level including retail, coffee shop, wine bar, music venue, offices etc, etc.

 

BUSINESS RATES

The Rateable Value (RV) is £19,000. Please see the Valuation Office Agency website at www.voa.gov.uk for more information.

 

PRICE

To include freehold premises: £895,000

 

The EPC has a rating of ‘D’.

 

  • Address 1 Upper Chase
    Chelmsford
    Essex
    CM2 0BN

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