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Agent's details

5 Century House, North Station Road, Colchester, Essex, CO1

For sale: £350,000.00|To rent: £24,000.00 Per Annum|1,615 Sq Ft|Retail - High Street, Retail

Property details

FOR SALE£350,000.00
TO RENT£24,000.00 Per Annum
SIZE1,615 Sq Ft
ADDRESS5 Century House, North Station Road, Colchester, Essex, CO1
TYPERetail - High Street, Retail
TENURETo Let, Under Offer, For Sale Freehold
POSTED ON8th May 2022

Description

Prominent retail premises fronting North Station Road, a mixed commercial area within Colchester city centre. All major facilities and amenities including public transport (Colchester North Train Station) and car parks are close by. Adjacent occupiers include; Machine Mart, Coral Bookmakers, One Stop and Dominoes.

The premises benefit from a large glazed frontage (approx. 5.8m) with open plan retail / display area which has a suspended ceiling incorporating lighting and heating / air conditioning unit (not tested).

To the rear of the premises there is a separate access door, an office, a storage area (approx. 3.5m height) and W/C facility.

There is one allocated car parking space on site, to the rear of the premises.

Accommodation
(Approximate net internal measurements)

Retail AreaApprox. 955 sq ft (88.7 sq m)
Office AreaApprox.100 sq ft(9.3 sq m)
StoreApprox.560 sq ft(52 sq m)
TotalApprox.1,615 sq ft(150 sq m)

Terms
The premises are available to let on a new full repairing and insuring lease, lease length and terms to be agreed, at a rent of £24,000 per annum plus VAT.

Alternatively the premises are available for sale on a long leasehold basis (999 year lease at a peppercorn rent) at £350,000 plus VAT.

Service Charge
A service charge is applicable to cover; maintenance of the communal areas, security, landscaping, lighting and car parking areas. The approx. cost for the current year £0.43 per sq ft.

Buildings Insurance
The buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant. The approx. cost for the current year is £TBC

Business Rates
We have been informed that the rateable value is £19,500. We estimate that the rates payable are therefore likely to be in the region of £9,750 per annum.

Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities.

Energy Performance Certificate (EPC)
We have been advised that the premises fall within class E (122) of the energy performance assessment scale.

A full copy of the EPC assessment and recommendation report is available from our office upon request.

VAT
All rents and prices are exclusive of VAT under the Finance Act 1989. Interested parties are advised to consult their professional advisors as to their liabilities, if any, in this direction.

Legal Costs
Each party will bear their own legal costs.

Anti-Money Laundering Regulations (Sale Only)
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identify, residence and source of funds prior to instructing solicitors.

Viewing
Strictly by appointment via joint sole agents:

Fenn Wright
Tel: 01206 85 45 45
Email: colchestercommercial@fennwright.co.uk



( Agency Pilot Software ref: 14868416 )

Location

marker
Location: 5 Century House, North Station Road, Colchester, Essex, CO1

Colchester (0.5 miles)

Colchester Town (0.6 miles)

Hythe (1.5 miles)

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