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132 High St 2,217 sq ft of Retail Space Available in Colchester CO1 1SP
SPACE AVAILABILITY (1)
Display Rent as
- SPACE
- SIZE
- TERM
- RATE
- TYPE
| Space | Size | Term | Rate | Type | ||
| Ground | 2,217 sq ft | 15 Years | £12.18 /sq ft pa £1.01 /sq ft pcm £27,000 pa £2,250 pcm | Fully Repairing & Insuring |
Ground
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.
- Partially Fit-Out as a Fast Food Restaurant
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing agent for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
PROPERTY FACTS
| Total Space Available | 2,217 sq ft | Net Internal Area (NIA) | 2,232 sq ft |
| Property Type | Retail | Year Built | 2000 |
| Property Subtype | Shopfront |
| Total Space Available | 2,217 sq ft |
| Property Type | Retail |
| Property Subtype | Shopfront |
| Net Internal Area (NIA) | 2,232 sq ft |
| Year Built | 2000 |
FEATURES AND AMENITIES
- Bus Route
- Commuter Rail
- Security System
NEARBY MAJOR RETAILERS
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132 High St
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