Great Colman Street

A prominent town centre bar premises with substantial licensed capacity (485 people), available by way of an existing lease until 2032. The property is fully fitted, not brewery tied, and offers an excellent opportunity for an operator to re-establish a large-scale hospitality venue in a high-footfall central location. RX586007

Location

The property occupies a prominent and highly visible position in the heart of Ipswich town centre. Located just off the bustling junction with Tavern Street and Upper Brook Street, the property enjoys excellent footfall and accessibility, benefitting from its close proximity to the main retail core and numerous town centre amenities. The surrounding area is a vibrant mix of retail, hospitality, and professional services, with established national and independent operators nearby. Ipswich’s extensive public transport links are easily accessible, with the main bus routes running along adjacent streets and Ipswich Railway Station located approximately 0.6 miles to the southwest, providing direct links to London Liverpool Street and other key regional destinations. The property currently trades as a well-presented bar/restaurant and benefits from its central position within a popular leisure and evening economy circuit.

Ipswich Demographics

Ipswich is the county town of Suffolk, with a population of approximately 137,500, and a wider urban catchment exceeding 330,000 people. The town benefits from a strong working-age population, with over 60% of residents aged between 18 and 64, supporting a robust daytime and evening economy. Ipswich is home to a significant student population, driven by the University of Suffolk and nearby colleges, contributing to consistent demand for food, beverage, and leisure offerings. The town attracts over 4 million visitors annually, including day-trippers and tourists, boosting seasonal footfall and consumer spending. Recent regeneration projects, including the Waterfront redevelopment and town centre investment, continue to enhance Ipswich’s appeal as a commercial and leisure destination.

The Property

Set across ground and first floors, the property previously operated as a bar and late-night venue, with an advised licensed capacity for up to 485 patrons. Internally, the premises is fully fitted and arranged to provide a large main bar area, secondary seating/lounge spaces, a commercial kitchen (equipment status subject to inspection), customer WC facilities, private office and associated service/storage areas. The property offers flexible potential for a wide range of hospitality, entertainment, or leisure uses (subject to planning and licensing). Ground Floor Bar / Restaurant area - comprising of fitted bar area, open and dining areas Ground Floor Fitted Kitchen - equipped to trade Ground Floor Storage areas First Floor:- Customer WC's Storage area - Private Office - Total Internal area of 4045.5 sqft External Storage area of 555 sqft

Tenure

Lease Term: Existing lease expiring in 2032 Passing Rent: £24,000 per annum exclusive Tenure: Leasehold – Assignment or underletting available (subject to landlord consent) Tie Status: Not brewery tied Licensing: Premises previously licensed for 485 patrons (details available on request) Business Status: Currently closed – vacant possession available Premium - £130,000

Summary

An exceptional opportunity to lease a large-capacity, town centre bar premises in a prime Ipswich location. The property is available by way of an existing lease until 2032 at an annual rent of £24,000. The property is currently closed but was formerly licensed for 485 patrons and is fully fitted for bar/restaurant use. Free of brewery tie and offering vacant possession, this venue is ideally suited to experienced hospitality operators seeking a central, high-footfall site with significant trading potential.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.