The property is situated in a highly prominent and visible position, along the busy Barrack Street, linking the town centre with Whitehall Industrial Estate, the Hythe, and A134 Colne Causeway. The property is situated approximately 0.6 miles east of the town centre and Colchester Town railway station.
The area comprises a variety of commercial and residential properties, with an abundance of residential developments ongoing along the River Colne. Nearby businesses include Tesco Express, Wilson Marriage Centre, Ford, Renault and Aldi Supermarket, as well as brand new student accommodation nearing completion along Magdalen Street, to the east.
The property is currently occupied by Kwik-Fit, who vacate in December 2020. The current use is as a tyre and exhaust centre, comprising a ground floor purpose-built workshop premises, constructed of brick walls under a flat asphalt roof (Building One) Adjacent to this is a yard area providing car parking for a minimum of 6 cars and a further storage building of similar construction (Building Two) used for tyre storage.
The unit may be suitable for other uses, such as retail / showroom use, subject to any necessary planning consents.
Mains services of electricity, water and mains drainage are connected. Gas is available for connections from Barrack Street.
£26,500 per annum exclusive. Available to let on a new full repairing and insuring lease for a term to be agreed with upward only rent reviews.
Available December 2020.
EPC The property has an Energy Performance rating of E – 106
The property has a rateable value of £26,750.
Strictly by prior appointment with the sole Agents Nicholas Percival Chartered Surveyors.
FAO Tom Noble. Ref - C.5009
T: 01206 563222