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Bar, Colchester, CO1

£65,000

£33.85 per sq ft

Business rates & charges may apply

Gilbert and Rose Commercial, Essex Commercial
SIZE AVAILABLE

1,920 sq ft

178 sq m

SECTOR

Restaurant for sale

Description

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

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.

Bar, Colchester, CO1

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Colchester Town Station0.5 miles
  • Colchester Station0.7 miles
  • Hythe Station1.4 miles

About Gilbert and Rose Commercial, Essex Commercial

1333-1335 London Road, Leigh-On-Sea, SS9 2AD

Gilbert & Rose Business Transfer and Commercial Property Sales and Lettings

Gilbert & Rose is a respected and well-established name in the real estate industry, renowned for our expertise in Residential Sales and Lettings. Building on our success in this area, we have expanded our services to encompass business transfer and commercial property sales and lettings. As part of this strategic expansion, we have recently partnered with Bradleys Countrywide Limited, a highly regarded company with over sixty years of experience in commercial business transfer within Essex, Hertfordshire, and Suffolk.

By combining our strengths and leveraging the extensive knowledge and database of our merger partner, we possess unparalleled access to comparable evidence. This enables us to provide accurate valuations and deliver successful business sales for our clients. Our marketing approach is comprehensive and innovative, utilizing a range of powerful tools such as video marketing, professional photography (including drone shots), and virtual tours. We conduct extensive marketing and advertising campaigns, leveraging the reach of the largest business and residential property websites, alongside our own constantly updated platform. We understand the importance of maintaining confidentiality in certain cases, and we offer tailored advertising solutions to meet the specific requirements of our clients.

At Gilbert & Rose, transparency is at the heart of everything we do. Our fees are competitive and transparent, with no hidden charges, and payment is only required upon the successful completion of a transaction. We take pride in providing expert advice and guidance to our clients, whether they are ready to sell or simply seeking information. Our dedicated team is committed to exploring the best options available to suit your individual needs, ensuring that you can make well-informed decisions throughout the process.

Whether you are looking to buy, sell, or lease a property, we invite you to contact us for any further information you may require. At Gilbert & Rose, our commitment to delivering exceptional service is unwavering. We are here to assist you every step of the way on your real estate journey. Get in touch with us today and let us help you achieve your goals with confidence and success.

Notes

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Disclaimer - Property reference RX582032. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Gilbert and Rose Commercial, Essex Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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