Pub to let in Colchester Essex

Hole In The Wall

Balkerne Lane, Colchester, Essex, CO3 3LA

CALL 01257 238823

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  • Bar area

  • Side View

  • Main Bar

  • Outside Seating Area

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PUB BUSINESS
&
FLAT

  • Situated on the historic Roman wall of the old City
  • 3 separate trading areas
  • Catering kitchen
  • 2 patio areas
  • Situated on a main walkway to the City Centre
  • Within 500 metres from the City Centre.
  • May be willing to offer Free of Ties ( Different rental structure )

Location

Located within a few hundred yards of the City Centre, just off the usual town drinking circuit, the pub sits on the ancient ruins of the Roman City walls which can still be clearly seen. Opposite is a large multi storey car park and bridge which people use to shop in the town and walk to work.
The theatre is opposite and a number of cafes and restaurants are also close by.

The Property

Occupying a prominent position close to the City Centre. the public house benefits from split level intimate trading areas. Two bars offer a large range of cask ales and chilled lagers.
There are 2 separate patio areas which attract customers in the summer months and when the weather is fine.
A separate catering kitchen offers the trader an opportunity to develop further trade.

Living Accommodation

2 bedroom accommodation which also includes kitchen, lounge,bathroom,office

The Business

The business has developed into a well known cask ale house and can have several different cask ales on sale at any one time.
There is still an opportunity to develop food further with the right style and pricing.
A mixed range of customers are attracted to the pub from students, to business people, and shoppers.
The pub could be described as the village pub in the City Centre.

Nearby Local Pubs

Being so close the town centre there are numerous pubs with a half mile radius.

Trading Hours

Monday - Sunday 10:00 am - 00:30 am.

Key Information

Rent: £23,500 + VAT
Rateable value: £30,000
Property insurance: £1,970
Deposit: £2,500
StockGlass: £1,500 estimated
Fixtures & Fittings: £9,000 estimated
Working capital: £10,000 minimum
Agreement: 1 year fixed term

RENT will be discussed with the local Business Development Manager (BDM) in line with the company’s Code of Practice.

BOND DEPOSIT required will depend on the pub and the type of agreement you choose. Our BDM will fully explain the types of agreements available for this pub. Bonds range from £2,500 on a one year agreement to £8,000 on a three year agreement (Bond build up may be discussed where applicable with the BDM).

FIXTURES & FITTINGS are valued independently. We have a flexible approach to the purchase of fixtures and fittings IF THE COMPANY OWNS THEM and can therefore arrange monthly instalments over the first term of your agreement. If the out going tenant owns the fixtures and fittings then it is a transaction direct between you and them. Your local BDM will discuss this with you.

Benefits Include

  • A barrelage discount scheme.
  • Freedom from tie on wines, spirits and soft drinks.
  • You will have the right to assign your pub lease after 12 months (3 or 10 year agreements).
  • The rent will be in line with the company code of practice.
  • Amusement with prize machine and pool table income are shared on a 50/50 basis.
  • Individual modular training courses on improving your pub business.
  • Regular business support through experienced Business Development Managers.
  • Marketing and Promotions assistance available.
  • Our lease agreements offer a contractual ‘cooling off' period to ensure the business is right for you.

Agreement Details

Trust Inns one year tenancy agreement and three or ten year Business Development Leases are available.
For full details of our agreements go to www.trustinns.co.uk

Hole In The Wall

Balkerne Lane, Colchester, Essex, CO3 3LA
South East - Home Counties

STREET VIEW

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