Restaurant to rentNorth Hill, Colchester, Essex, CO1
1,800 sq. ft. | £25,000 pa| £2,083 pcm
- 1,800 sq ft (167 sq m)
- Use class orders: A3 Restaurants and Cafes
The property is located 150 yards north of Colchester Town Centre, on North Hill, an established professional and restaurant district of Colchester. Adjacent occupiers include The Noodle Bar, Ask, Middletons, Green Rooms Restaurant and The Blue Ivy.
Fully modernised timber framed building arranged over basement, ground, first and attic rooms with an attractive Georgian style brickwork façade to front elevation. Internally, the walls have been plastered and finished to a high standard and incorporate a bar/seating area on the ground floor with customer WC facilities and commercial kitchen area to the rear. At first floor, there are two rooms for further customer seating, a private office, customer toilet facilities and staircase to attic room. The basement has been refurbished to provide a further bar area and potential for customer seating.
Floor Description Area m2/unit Area ft2/unit
Basement Restaurant 31.40 338
Ground Restaurant 51.00 549
Ground Kitchen 29.10 313
Ground Public Toilets 5.20 56
First Restaurant 41.60 448
First Public Toilets 3.80 41
First Internal Storage 2.50 27
There is also additional accommodation in the attic.
The property is described and assessed as restaurant and premises with a rateable value of £37,000 (the current rates payable, therefore assuming Uniform Business Rates at 49.3 pence in the pound - £18,241 for the year).
To let on a new Lease at a rental of £25,000 per annum exclusive. Consideration will be given for the freehold sale of the property at a price of £350,000, both exclusive of VAT.
Strictly by prior appointment with the sole agents Nicholas Percival on 01206 563222 or email firstname.lastname@example.org
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