Summary - The Granary The Granary The Granary The Granary The Granary Bar, Colchester, CO1 CO1 1DZ
1 bed 1 bath Restaurant
Turnkey hospitality business with courtyard seating and strong footfall.
- Approx. 1,920 sq ft across two floors
- Turnkey sale: fully fitted kitchen and bar equipment included
- Outdoor courtyard with commercial outdoor kitchen and al fresco space
- Prime town-centre location adjacent to multi-storey car park
- Lease only 5 years remaining; lender refusal likely
- Annual rent £30,000; tenant break and rent review Nov 2026
- High local crime rate and deprived area — increased security risk
- Fast broadband and excellent mobile signal for modern operations
A rare turnkey restaurant and bar in central Colchester, arranged over two floors with approximately 1,920 sq ft of trading space. The ground floor offers a large open-plan bar, fitted kitchen, separate dining areas, storage and a courtyard with an outdoor kitchen — ready for immediate operation and minimal additional fit-out.
The site benefits from excellent town-centre visibility and footfall, positioned just off North Hill and adjacent to a multi-storey car park for customer convenience. The building retains attractive period brick and timber features combined with contemporary interior fittings, offering flexibility for fine dining, bistro or cocktail bar concepts.
Important commercial cautions are clear: the lease has only five years remaining (assignment of a 10-year FRI lease started Nov 2020) with a tenant break and rent review in November 2026. Annual rent is £30,000 and the premium includes fixtures and fittings at £65,000. Lenders commonly refuse mortgages on short leases; purchasers should obtain specialist finance advice and factor in the imminent lease events. The area has very high recorded crime and is classified as deprived, which may affect staffing, insurance and security costs.
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