Well Let Restaurant Investment
Well Let Restaurant Investment
Colchester is a popular university and historic town located 20 miles south-west of Ipswich. The property is located in a prominent position, fronting High Street in the heart of Colchester town centre. The property is adjacent to Colchester Town Hall, with nearby restaurant occupiers including Wagamama, Five Guys and McDonald's. Other nearby occupiers include Marks & Spencer, White Stuff and Mountain Warehouse. Culver Walk Shopping Centre is also located within close proximity.
Virtual Freehold. Held for a term of 999 years from 23/12/2015 at a rent of ?2 per annum.
Colchester is a popular university and historic town located 20 miles south-west of Ipswich. The property is located in a prominent position, fronting High Street in the heart of Colchester town centre. The property is adjacent to Colchester Town Hall, with nearby restaurant occupiers including Wagamama, Five Guys and McDonald's. Other nearby occupiers include Marks & Spencer, White Stuff and Mountain Warehouse. Culver Walk Shopping Centre is also located within close proximity.
Virtual Freehold. Held for a term of 999 years from 23/12/2015 at a rent of ?2 per annum.
The property comprises an attractive corner building, currently arranged to provide a ground and part first floor restaurant with basement and part second floor ancillary accommodation.
VAT is applicable to this lot.
Band E. Available to download in legal pack at acuitus.co.uk.
The property comprises an attractive corner building, currently arranged to provide a ground and part first floor restaurant with basement and part second floor ancillary accommodation.
VAT is applicable to this lot.
Band E. Available to download in legal pack at acuitus.co.uk.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground Basement First Second |
Restaurant Ancillary Restaurant/Ancillary Ancillary |
147.31 sq m 74.69 sq m 72.88 sq m Not measured |
(1,585 sq ft) (803 sq ft) (784 sq ft) |
BILL’S RESTAURANTS LIMITED (1) |
20 years from 24/04/2015 to 23/04/2035 on a full repairing and insuring lease |
£85,000 | 24/04/2020 and five yearly |
| Totals | 294.88 sq m |
(3,172 sq ft) |
£85,000 | ||||
(1) For the year ending 30 July 2017, Bill's Restaurants Limited reported a turnover of £118,572,000, pre-tax profits of £4,880,000 and a total net worth of £20,425,000 (Source: Experian Group 13/11/2019). Bill's operates approximately 79 restaurants across the UK (Source: https://billswebsite.co.uk/restaurant-list 13/11/2019).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.
If you have a query, please fill in the box below, otherwise click the Submit button.
We will keep you updated about lot xthis property.
In the meantime, if you would like to speak to the Surveyor about this property, please call on .
Are you sure you want to remove this property from your Watch List?
Are you sure you are no longer interested in this property?
Are you sure you want to delete your Account?
