- Price OFFERS INVITED
- Agent Neil Mansell
- Property type Restaurant
- Reference EX3778
- Contract type Leasehold
- Location Colchester
- Listing categories Restaurant / Cafe
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.
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.
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 is now closed and in need of a new operator as a restaurant or bar business.
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.
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.
To include leasehold premises: OFFERS INVITED
The EPC Rating is ‘N/A’.