132-134 North Station Road, Colchester, Essex, CO1 1UZ
A great opportunity to take on an established business
Single bar pub with various seating areas. Pleasant outdoor area. Pool table and darts in separate room. Live music and regular quiz nights. Handy for the main Railway Station and bus routes to and from the town centre. Currently known for sport with four large screen TVs and a giant project or screen for the big matches plus two TV’s in the beer garden.
A one bar operation that was redecorated in January 2016
|Car park spaces||6|
The private accommodation is in good condition.
|Annual rent||£32,700 per annum|
|Weekly rent||£628.85 per week fixed|
£32,700 per annum, £628.84 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit subject to credit check.
Fixtures and Fittings costs are to be valued and agreed by brokers. This figure is just an estimate.
|Fixtures & fittings||£15,000||Working capital||£6,000|
|Other costs||£5,000||Total entry cost||£36,175|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
Colchester is some 50 miles northeast of London and is connected to the capital by the A12 road and its railway station which is on the Great Eastern Main Line. It is seen as a popular town for commuters, and is less than 30 miles away from Stansted Airport and 20 miles from the passenger ferry port of Harwich.