The premises are prominently located in a popular pedestrianised retail area, linking Culver Street West with Sir Isaacs Walk and Eld Lane, within Colchester Town Centre.
Colchester is a major retail centre within East Anglia and is well located approximately 60 miles north east of London, 24 miles east of Chelmsford and 18 miles south west of Ipswich.
An attractive, Grade II listed, ground floor retail unit with a glazed frontage, wooden flooring, newly installed heating / cooling system, lighting, W/C and plumbing provision for a tea point.
A basement also provides additional storage space and is accessed via a hatch in the floor.
To the side of the premises is an area of hardstanding (not within this properties ownership) which has been used by the occupiers of this premises for car parking for, we understand, the last circa 30 years.
(Approximate net internal measurements)
Retail Area 632 sq ft 58.7 m
Basement 348 sq ft 32.3 m
Note: the premises are subject to remeasurement once some light refurbishment works have been concluded.
The premises are available to let on a new effective full repairing lease, length and terms to be agreed, at a rent of £17,500 per annum.
Rent is payable quarterly in advance and subject to VAT at the prevailing rate.
There is no service charge applicable.
The buildings insurance will be arranged by the landlord with the cost to be recovered from the tenant. The tenant is to be responsible for their own contents and public liability.
We have been advised that the premises are to be reassessed for ratings purposes.
Based on the current assessment the rateable value is expected to be in region of £12,500.
Small business rates relief may be available to eligible businesses. Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities.
We have been advised that the premises benefit A1 retail planning consent and has been used for retail premises for the last thirty plus years.
Other uses may be obtainable subject to planning.
Interested parties are however advised to make their own enquiries direct with the Colchester Council Planning Department, Tel: 01206 282222.
Energy Performance Certificate (EPC)
We are advised that an EPC is not required because the premises are listed.
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.
Each party will bear their own legal costs for the letting.
Strictly by appointment via sole letting agents:
Fenn Wright - Michael Moody
Tel: 01206 85 45 45
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