ADDRESS68-72 Culver Street East, Colchester, Essex, CO1
TYPEOffice, Residential, Retail - High Street, Offices, Retail
TENURETo Let, Under Offer
POSTED ON18th September 2021
Location The property occupies a prominent position on the corner of Culver Street East and St Nicholas Passage, 100 yards south of the High Street. The unit is located close to the heart of the town centre and benefits from significant footfall leading in and out of Colchester's central retail area, and adjoins the fast improving St Nicholas Square development.
Colchester is the major town in north east Essex with a substantial catchment population. 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 Liverpool Street with journey time of approximately 55 minutes.
Description The property comprises a ground floor lock-up shop with ancillary storage, W/C and basement. The shop benefits from a return frontage with full heigh glazed windows.
Accommodation (Approximate net internal measurements) Sales AreaApprox. 762 sq ft (70.8 sq m) Staff AreaApprox.85 sq ft(7.8 sq m) Basement/StorageApprox.787 sq ft(73.1 sq m) TotalApprox.1,634 sq ft(151.7 sq m)
Service Charge A service charge contribution to include buildings insurance costs will be levied.
Business Rates We have been informed that the rateable value is £27,000. We estimate that the rates payable are therefore likely to be in the region of £13,500 per annum. Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities.
Energy Performance Certificate (EPC) We have been advised that the premises fall within class D (93) 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 to let on a new full repairing and insuring lease, lease length and terms to be agreed, at a rent of £22,000 per annum (exclusive of rates).
VAT 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.
Legal Costs Each party will bear their own legal costs.
Viewing Strictly by appointment via sole agents:
Fenn Wright 01206 85 45 45 fennwright.co.uk firstname.lastname@example.org