£27,000 pa
(£12.12/sq. ft. pa)
Restaurant to letHigh Street, Colchester CO1
2,217 sq. ft
Furnished
About this property
Property Features:
Comprises three storey retail premises (E Class) with additional ancillary at basement
Restaurant and takeaway newly refurbished to high standard in 2025
Fully equipped commercial kitchen
VAT is not applicable to this property
Available on a lease assignment until July 2039
Total area size 206 sq m (2,217 sq ft)
Surrounding area benefits from high foot fall and there is a night club next door.
Situated in the heart of Colchester High Street, opposite McDonalds and occupiers nearby including Lloyds Bank, Superdrug, NatWest, Metro Bank and many more
Property Description:
Comprises three-stories premises, arranged as a ground floor restaurant and takeaway (Class E) with ancillary accommodation at first, second floor and basement, providing the following accommodation and dimensions:
Ground Floor: 58 sq m (624 sq ft)
Restaurant/Takeaway, Kitchen, Storage
First Floor: 58 sq m (624 sq ft)
Ancillary, Storage
Second Floor: 48 sq m (517 sq ft)
Ancillary, Storage
Basement: 42 sq m (452 sq ft)
Ancillary, Storage, Office
Total gia: 206 sq m (2,217 sq ft)
Terms:
Lease Assignment: Available on the following Fri terms:
Premium: £200,000
Term: 15 Years from 1st July 2024 until 30th June 2039
Current Rent: £519.23 per week (pcm: £2,250)
Fixed Rent Increase on 1st July 2026: £548.08 per week (pcm £2,375)
Fixed Rent Increase on 1st July 2028: £576.92 per week (pcm £2,500)
Payment Frequency: Quarterly in advance
Rent Review (Open market): 1st July 2029 and 1st July 2034
Tenant only Break Clause: 1st July 2029 and 1st July 2034 with min 6 months notice
Deposit: £7,500
Notes: Lease inside Landlord & Tenant Act 1954
Rateable Value:
Rateable Value - £20,250 p.a.
Rates Payable - £10,500 p.a.
EPC:
The property benefits from a B Rating. Certificate and further details available on request.
Location:
Colchester is an attractive and historic market town in Essex, some 60 miles north-east of Central London. The property is situated in the heart of Colchester High Street, opposite McDonalds and occupiers nearby including Lloyds Bank, Superdrug, NatWest, Metro Bank and many more.
Comprises three storey retail premises (E Class) with additional ancillary at basement
Restaurant and takeaway newly refurbished to high standard in 2025
Fully equipped commercial kitchen
VAT is not applicable to this property
Available on a lease assignment until July 2039
Total area size 206 sq m (2,217 sq ft)
Surrounding area benefits from high foot fall and there is a night club next door.
Situated in the heart of Colchester High Street, opposite McDonalds and occupiers nearby including Lloyds Bank, Superdrug, NatWest, Metro Bank and many more
Property Description:
Comprises three-stories premises, arranged as a ground floor restaurant and takeaway (Class E) with ancillary accommodation at first, second floor and basement, providing the following accommodation and dimensions:
Ground Floor: 58 sq m (624 sq ft)
Restaurant/Takeaway, Kitchen, Storage
First Floor: 58 sq m (624 sq ft)
Ancillary, Storage
Second Floor: 48 sq m (517 sq ft)
Ancillary, Storage
Basement: 42 sq m (452 sq ft)
Ancillary, Storage, Office
Total gia: 206 sq m (2,217 sq ft)
Terms:
Lease Assignment: Available on the following Fri terms:
Premium: £200,000
Term: 15 Years from 1st July 2024 until 30th June 2039
Current Rent: £519.23 per week (pcm: £2,250)
Fixed Rent Increase on 1st July 2026: £548.08 per week (pcm £2,375)
Fixed Rent Increase on 1st July 2028: £576.92 per week (pcm £2,500)
Payment Frequency: Quarterly in advance
Rent Review (Open market): 1st July 2029 and 1st July 2034
Tenant only Break Clause: 1st July 2029 and 1st July 2034 with min 6 months notice
Deposit: £7,500
Notes: Lease inside Landlord & Tenant Act 1954
Rateable Value:
Rateable Value - £20,250 p.a.
Rates Payable - £10,500 p.a.
EPC:
The property benefits from a B Rating. Certificate and further details available on request.
Location:
Colchester is an attractive and historic market town in Essex, some 60 miles north-east of Central London. The property is situated in the heart of Colchester High Street, opposite McDonalds and occupiers nearby including Lloyds Bank, Superdrug, NatWest, Metro Bank and many more.
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