• Address
    16 North Hill, Colchester, CO1 1DZ
  • Price
    £940,000
  • Yield
    7.25%
  • Sector
    Leisure
  • Size
    3,587 Sq Ft
  • Lease Term
    23 years unexpired to Ask with 5 yearly reviews to OMV
  • Client
    Private High Net Worth Investor
  • Type
    Acquisition

ASK – Colchester

Location

The property is located on North Hill which is a main road leading to Colchester High Street comprising of restaurant and retail units. The property occupies a substantial mid terraced building with outside patio area with seating.

Colchester is a historic town and is situated within the borough of Colchester in Essex. It is situated 51 miles North East of London and is connected to London by the A12 and great eastern main line. Colchester has been named as one of Britain’s fastest growing towns and is seen as a popular town for commuters, into London.

Description

The property is an attractive mid terraced building with sash windows and brick elevations under a pitched tiled roof. It is currently used as a restaurant premises trading as ASK Restaurant.

The property provides a mixture of open plan and sub-divided accommodation over two floors, the property has been recently refurbished and benefits from contemporary accommodation to the ground floor providing approximately 70 covers with additional outside space providing a further 25 covers.

Additional office, storage and W/C facilities are provided on the first floor via the main stairwell. There is also a patio seating area and landscaped gardens to the rear of the property.

Contacts

Steve Orzel

+44 (0)20 7112 8571

Anthony Friedman

+44 (0)20 7112 8572