Summary - 101, HIGH STREET CO1 1TH
1 bed 1 bath Restaurant
Immediate income with town-centre visibility and redevelopment potential.
Ground-floor restaurant, approximately 1,184 sq ft, full glazed frontage
Current rent £25,000 pa; gross initial yield 7.0%
Lease term from Jan 2023; 15-year term with tenant option Jan 2033
Rent reviews every 5 years linked to uncapped RPI
Long leasehold (999 years from 2015); ground rent £100 pa
VAT payable on the property sale/lease
Town-centre location with strong pedestrian catchment and nearby retailers
Area classified as deprived with very high local crime rates
A central High Street restaurant letting provides immediate income of £25,000 pa, producing a gross initial yield of 7.0% for investors. The unit is a large ground-floor trading area (approx. 1,184 sq ft) with full glazed frontage, rear access and clear pavement visibility in Colchester town centre.
The lease runs to a 15-year term from 1 January 2023 with uncapped RPI-linked rent reviews every five years and a tenant option to determine in January 2033 (six months’ notice). A tenant deposit of £6,250 is held. VAT is applicable.
Tenure is long leasehold (999 years from 2015) with a nominal ground rent of £100 pa. The property sits in a busy retail catchment close to Lion Walk Shopping Centre, major national occupiers and strong pedestrian flow — strengths for food-led operators and convenience-led tenant demand.
Considerations: the neighbourhood is classified as deprived with very high crime statistics, and the rent review mechanism is uncapped RPI which can accelerate costs for the tenant and affect rental growth predictability. Internal condition and any upper-floor potential should be confirmed by physical inspection and legal/title checks before purchase.
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