The property is prominently situated at the west end of the High Street occupiers in the immediate vicinity include a broad mix of retail, financial and restaurant uses including Fenwick, William Hill, Burger King, Chewton Rose, Barclays and the Wedding Shop.
Colchester is the major town in north east Essex with a catchment population of approximately 190,000. The town is served by the A12 trunk road which provides a dual carriageway link to the M25 motorway and via the A14 dual carriageway to the port of Felixstowe. There is a rail service to London's Liverpool Street Station with journey times of approximately 50 minutes.
The property comprises a mid-terrace two storey retail unit , forming part of the former fire office. The ground floor is entirely used for sales purposes and previously traded as a sandwich shop. There is a preparation/ storage room at first floor level.
The premises provide the following accommodation and approximate floor areas:
Ground Floor Sales362 sq.ft. (33.64 sq.m.)
First Floor Store 383 sq.ft. (35.58 sq.m.)
Total:745 sq ft (69.22 sq m)
We have been advised that the premises benefits from an A1 (retail) planning consent. Interested parties are however advised to make their own enquiries direct with Colchester Borough Council.
From enquiries with the Local Rating Authority we understand that the premises are assessed as follows:
Approx. rates payable (2019/20)£7,242.25 pa
The majority of prospective tenants are likely to benefit from additional small business rates relief and are advised to contact Colchester Borough Council to confirm this information.
The property is offered to let on a new effective full repairing and insuring lease at an initial rent of £20,000 per annum exclusive.
The property is elected to VAT.
A service charge is applicable for the maintenance and management of the communal parts of the building, further details are available upon request.
Strictly by confirmed appointment with the sole letting agent:
882 The Crescent, Colchester Business Park, Colchester, CO4 9YQ
James Angel email@example.com 01206 85 45 45
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