£65,000
(£33.85/sq. ft)
Restaurant for saleRestaurant/Bar, Colchester CO1
1,920 sq. ft
Available immediately
Leasehold
About this property
An exceptional opportunity to acquire a fully fitted, well-established restaurant and bar situated in a prime location in Colchester town centre. 11a North Hill offers a blend of historic character and contemporary style, extending to approximately 1,920 sq. Ft. Across two floors.
The ground floor features a striking open-plan bar, kitchen and seating area, a separate dining space, two reception zones, outdoor kitchen, WC, wine store, and additional storage. The first floor offers a further dining room, WC, staff facilities, and a dry store.
Positioned just off the High Street, and adjacent to a multi-storey car park, the restaurant benefits from excellent visibility, footfall, and convenience.
This is a turnkey opportunity ideal for an experienced operator or a new concept looking to take advantage of a thriving central location with minimal setup cost. RX582032
Location
The property is situated within a mews which is located in the heart of Colchester town centre, one of the UK’s oldest recorded towns. Accessed by an archway from North Hill, it is positioned adjacent to a multi-storey car park and within walking distance of shops, offices, and Colchester High Street, the property benefits from high footfall and excellent accessibility. North Hill is a vibrant area known for its blend of independent businesses and chain operators, making it an ideal location for food and beverage use
History
The property is part of Colchester’s rich architectural heritage, featuring traditional red brick and timber-framed elements. Once part of the historic market area, it has been modernised internally to suit contemporary hospitality needs while retaining its charming exterior.
The building earned its moniker, "The Old Joinery Shop, " from its historical use as a workshop.
Today, The property stands as a testament to Colchester's ability to blend its rich historical heritage with modern innovation, offering both locals and visitors a taste of the town's evolving narrative
The Property
Total Floor Area: Approx. 1,920 sq. Ft.
Ground Floor: 1,340 sq. Ft. Approx.
First Floor: 580 sq. Ft. Approx.
Ground Floor Includes:
Reception Area
Outdoor Kitchen housing commercial catering equipment - alternatively could be transformed into a courtyard bar
WC
Open Plan Bar / Kitchen / Seating Area with a full compliment of catering equipment
Restaurant Area
Back Kitchen housing walk in freezer and pot wash area
Wine Store and General Store
First Floor Includes:
Lobby / Seating Area
Dining Room
WC
Staff Room
Dry Store
The interior provides multiple distinct zones for dining and service, offering flexibility in layout for various operational styles such as fine dining, bistro, or cocktail bar.
Externally the property provides an attractive courtyard seating/dining area equipped with table and chairs, lighting and brick feature fireplace
Tenure
Assignment of Lease:
10-year full repairing and insuring (Fri) lease commencing November 2020
Annual rent: £30,000
Tenant break clause and rent review: November 2026
Premium to include fixtures and fittings - £65,000
Key Features
✔ Prime town centre location with high footfall
✔ Spacious open-plan kitchen/bar and multiple dining areas
✔ Outdoor kitchen and potential for al fresco service
✔ Staff areas, WC facilities, and ample storage
✔ Adjacent to public parking – ideal for customers
✔ Turnkey opportunity – no major fit-out required
Business Rates
Rateable value of £22,000
Legal Costs
Each party to pay their one legal costs involved in this transaction. Landlords costs are to be split 50/50
Administration Fee
Following the agreement of terms, the prospective tenant or buyer is required to pay an administration fee of £200 + VAT to Gilbert & Rose Commercial Limited. This covers the full cost of referencing, identity checks, and suitability assessments
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission
The ground floor features a striking open-plan bar, kitchen and seating area, a separate dining space, two reception zones, outdoor kitchen, WC, wine store, and additional storage. The first floor offers a further dining room, WC, staff facilities, and a dry store.
Positioned just off the High Street, and adjacent to a multi-storey car park, the restaurant benefits from excellent visibility, footfall, and convenience.
This is a turnkey opportunity ideal for an experienced operator or a new concept looking to take advantage of a thriving central location with minimal setup cost. RX582032
Location
The property is situated within a mews which is located in the heart of Colchester town centre, one of the UK’s oldest recorded towns. Accessed by an archway from North Hill, it is positioned adjacent to a multi-storey car park and within walking distance of shops, offices, and Colchester High Street, the property benefits from high footfall and excellent accessibility. North Hill is a vibrant area known for its blend of independent businesses and chain operators, making it an ideal location for food and beverage use
History
The property is part of Colchester’s rich architectural heritage, featuring traditional red brick and timber-framed elements. Once part of the historic market area, it has been modernised internally to suit contemporary hospitality needs while retaining its charming exterior.
The building earned its moniker, "The Old Joinery Shop, " from its historical use as a workshop.
Today, The property stands as a testament to Colchester's ability to blend its rich historical heritage with modern innovation, offering both locals and visitors a taste of the town's evolving narrative
The Property
Total Floor Area: Approx. 1,920 sq. Ft.
Ground Floor: 1,340 sq. Ft. Approx.
First Floor: 580 sq. Ft. Approx.
Ground Floor Includes:
Reception Area
Outdoor Kitchen housing commercial catering equipment - alternatively could be transformed into a courtyard bar
WC
Open Plan Bar / Kitchen / Seating Area with a full compliment of catering equipment
Restaurant Area
Back Kitchen housing walk in freezer and pot wash area
Wine Store and General Store
First Floor Includes:
Lobby / Seating Area
Dining Room
WC
Staff Room
Dry Store
The interior provides multiple distinct zones for dining and service, offering flexibility in layout for various operational styles such as fine dining, bistro, or cocktail bar.
Externally the property provides an attractive courtyard seating/dining area equipped with table and chairs, lighting and brick feature fireplace
Tenure
Assignment of Lease:
10-year full repairing and insuring (Fri) lease commencing November 2020
Annual rent: £30,000
Tenant break clause and rent review: November 2026
Premium to include fixtures and fittings - £65,000
Key Features
✔ Prime town centre location with high footfall
✔ Spacious open-plan kitchen/bar and multiple dining areas
✔ Outdoor kitchen and potential for al fresco service
✔ Staff areas, WC facilities, and ample storage
✔ Adjacent to public parking – ideal for customers
✔ Turnkey opportunity – no major fit-out required
Business Rates
Rateable value of £22,000
Legal Costs
Each party to pay their one legal costs involved in this transaction. Landlords costs are to be split 50/50
Administration Fee
Following the agreement of terms, the prospective tenant or buyer is required to pay an administration fee of £200 + VAT to Gilbert & Rose Commercial Limited. This covers the full cost of referencing, identity checks, and suitability assessments
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission
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Monthly repayment
£325 per month
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