Prominently situated fronting Cowdray Avenue (A133) which is a very busy feeder road in to Colchester Town Centre. Easy access is available to the A12/A120 (approx. 1.5 miles).
The self contained retail unit benefits from glazed entrance doors (with security shutter) which leads to an open plan retail / display area with display cabinets and a large sales. At the rear is a store room, tea point and W/C along with additional ancillary storage cupboard. There is an intruder/smoke alarm system, florescent lights, and three phase power.
The first floor self contained flat is accessed via a side gate and benefits from a large rear courtyard /garden area. Stairs lead to a two bed flat which features a bathroom, kitchen and living room.
Externally there is car parking to the front of the premises for several cars.
Ground Floor Retail (Net Internal)625 sq ft 58.05 m
First Floor Flat (Gross Internal)796 sq ft73.95 m
Total1,421 sq ft132.0 m
Note: the first floor flat is currently occupied on an but will be vacant from the 1st April 2020.
The premises are available to let by way of a sub lease, terms to be agreed, or an assignment of the existing lease which commenced 13/July/2010 and expires 12/July/2022. The current passing rent is £15,635 per annum payable monthly in advance.
Business Rates / Council Tax
We have been informed that the rateable value is £7,700. For rateable values below £12,000 100% rate relief may be available, subject to eligibility. We have been advised that the flat is assessed for council tax purposes and falls within Band A. We recommend all parties make their own direct enquiries with the local rating authority.
Energy Performance Certificate (EPC)
We have been advised that the ground floor falls within class B (50) & the first floor flat falls within band E (52) of the energy performance assessment scale. A full copy of the EPC assessment and recommendation report is available from our office upon request.
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.
Strictly by appointment via sole agents:
Fenn Wright - Michael Moody
Tel: 01206 85 45 45
( Agency Pilot Software Ref: 14869212 )