132 High Street, Colchester, Essex, CO1
Size
2,217
Lease length
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EPC
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Parking
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- Price per
- Primary use
- Restaurant
Key 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
- Available on a lease assignment until July 2039
Description
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: £250,000
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 - £21,250 p.a.
Rates Payable - £11,700 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.
- Let type
- Long
- Let contract length
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- Status
- Available
- Service charge
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- Business rates
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- Use class
- E
- Floors in building
- 3
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
132 High Street, Colchester, Essex, CO1
About BLUE ALPINE PARTNERS LIMITED, London
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.
We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.
Together, we unlock potential.
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Disclaimer - Property reference 132hifhst. 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 BLUE ALPINE PARTNERS LIMITED, London. 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.