Closed Restaurant / Bar Premises in Grade I Listed Building in Colchester Town Centre

Assigned Agent
Location
Price
OFFERS INVITED
  • Price OFFERS INVITED
  • Agent Neil Mansell
  • Property type Restaurant
  • Reference EX3778
  • Contract type Leasehold
  • Location Colchester
  • Listing categories Restaurant / Cafe

SUMMARY

A completely unique, themed, dining experience using the former prisoner cells. Capable of seating up to 100 people in the 6 different themed rooms plus use of the main central walkway, the restaurant has its own bar and commercial kitchen facility. Access from West Stockwell Street or it can be accessed via the other restaurant if required.  This area measures approximately 2,750 sq.ft.

 

LOCATION

Situated in the centre of Colchester, the property is well known and maintained as a Grade I Listed building. The building is connected to the Town Hall and fronts onto West Stockwell Street.

 

Colchester is well connected via road and rail on the A12 and the train line into London Liverpool Street in around 60 minutes.

 

THE PROPERTY

Built in around 1890 the property has some magnificent architectural features and has been well converted into the current use making it a fairly unique environment to run a business from.

 

THE BUSINESS

The business is now closed and in need of a new operator as a restaurant or bar business.

 

LEASEHOLD DETAILS

A 14 year lease was signed in 2013 and has the option to extend it by an additional 7 years at the end of the term. The current rent payable is £30,000 per annum. There are also additional service charges payable to Colchester Borough Council of approximately £8,000 per annum.

 

 

BUSINESS RATES

The Rateable Value (RV) for the whole building is £89,600 however each individual area needs to be reassessed for ratings based on each area being rented to different occupiers. Please see the Valuation Office Agency website at www.voa.gov.uk for more information.

 

PRICE

To include leasehold premises: OFFERS INVITED

The EPC Rating  is ‘N/A’.

  • Address 1 Upper Chase
    Chelmsford
    Essex
    CM2 0BN

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