Property photos
Business
Retirement
£725,000
(£131.82/sq. ft)
Leisure/hospitality for sale
City Centre, Essex CO15,500 sq. ft
Local area information
Property location
Nearby amenities
- St James' Church of England Primary School 0.3 miles
- St Thomas More's Catholic Primary School, Colchester 0.5 miles
- Colchester Town 0.8 miles
- Colchester 0.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Colchester to find out more about the local area.
Features and description
- Prime Location
- Close to Local Amenities
- Fully Licensed Premises
- City Centre Location
- Fully Fitted
- Established Business
- 2 bedroom flat
- Potential development opportunity
- Call essex and suffolk business sales
City centre freehold nightclub with 2 bedroom flat
price: £725,000 plus sav – freehold
location – city centre, essex
ref: L0050E
city centre freehold nightclub with 2 bedroom flat occupying a high-profile position near the high street that is also uniquely located close to mainline station, bus station & car parks of this historic city – essex. A nightclub With a capacity of 500 that is free of tie and measures approx. 5,500 sq ft across 3 floors. The business was established in the 1980’s and has only had 2 owners within that time. The business has been operated under the same ownership for 24 years by our client who has now brought the property to market with a genuine reason for sale due to retirement. Possible development and conversion STPP. The property has had a recent investment of £150,000 that included function 1 audio & lighting along with a modern refurbishment of some areas. The business is well presented furnished with quality fixtures and fittings and is being sold with a full complement of equipment. The business is highly regarded in the local area supported by a regular & mature clientele. Now mainly staff run we believe this offers huge potential for a hands-on owner operator to significantly increase revenues. We are advised annual turnover is circa £150,000 working to limited hours only open Friday & Saturday nights therefore offering plenty of scope. We are advised business rates payable are £5,000 per annum. Essex and Suffolk business sales are delighted to be instructed as sole agents in the sale of this iconic nightclub & flat with potential development opportunity STPP.
price: £725,000 plus sav – freehold
location – city centre, essex
ref: L0050E
city centre freehold nightclub with 2 bedroom flat occupying a high-profile position near the high street that is also uniquely located close to mainline station, bus station & car parks of this historic city – essex. A nightclub With a capacity of 500 that is free of tie and measures approx. 5,500 sq ft across 3 floors. The business was established in the 1980’s and has only had 2 owners within that time. The business has been operated under the same ownership for 24 years by our client who has now brought the property to market with a genuine reason for sale due to retirement. Possible development and conversion STPP. The property has had a recent investment of £150,000 that included function 1 audio & lighting along with a modern refurbishment of some areas. The business is well presented furnished with quality fixtures and fittings and is being sold with a full complement of equipment. The business is highly regarded in the local area supported by a regular & mature clientele. Now mainly staff run we believe this offers huge potential for a hands-on owner operator to significantly increase revenues. We are advised annual turnover is circa £150,000 working to limited hours only open Friday & Saturday nights therefore offering plenty of scope. We are advised business rates payable are £5,000 per annum. Essex and Suffolk business sales are delighted to be instructed as sole agents in the sale of this iconic nightclub & flat with potential development opportunity STPP.
More information
Listed by
Essex and Suffolk Business Sales
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