ADDRESS1 Market Hill, Coggeshall, Colchester, CO6 1TS
TYPEOffice, Retail - High Street, Offices, Retail
POSTED ON23rd February 2020
Location The property occupies a prominent location at the bottom of Market Hill in the heart of the village centre.
Nearby is the well known Chapel Inn and adjoining occupiers include a range of local retailers, estate agents, restaurants and hot food / takeaway operators.
Coggeshall is an historic market town which attracts a substantial amount of tourist visitors throughout the year.
Description The property comprises an extensive grade II listed end-terrace property arranged over ground and first floors. The property benefits from period fixtures and fittings, and is well decorated throughout with W.C. and kitchenette facilities.
The ground floor provides predominantly open plan space which benefits from excellent natural light from the fully glazed double frontage overlooking Market Hill.
The first floor provides well decorated office accommodation with multiple power points throughout.
There are four allocated car parking, located to the rear of the property.
Accommodation (Approximate net internal measurements)
Ground floor60.42 sq m (650 sq ft) First floor43.68 sq m (470 sq ft) Total 104.10 sq m (1,120 sq ft)
Energy Performance Certificate (EPC) We have been advised that the premises fall within class D (82) of the energy performance assessment scale.
A full copy of the EPC assessment and recommendation report is available from our office upon request.
Terms The premises are available by way of an assignment of the existing lease which is for a term of four years expiring on 30th October 2024 at a current passing rent of £14,800 per annum.
Further details are available upon request.
Consideration may be given to offer the property to let on a new full repairing and insuring lease or sale of the freehold.
We are advised that the property is not elected for VAT, therefore VAT is not applicable on the rent.
Business Rates We have been informed that the rateable value is £8,800. For rateable values below £12,000 100% rate relief may be available, subject to eligibility.
We understand from current government legislation there will be no business rates payable until April 2021.
We recommend all parties make their own direct enquiries with the local rating authority.
Deposit Dependant upon covenant strength, a deposit may be required by the landlord which is to be held under deed for the duration of the lease.
Legal Fees Each party is to be responsible for their own legal fees incurred during this transaction.
Viewing Strictly by appointment via sole agents:
Fenn Wright - Michael Moody Tel: 01206 85 45 45 Email: firstname.lastname@example.org