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Agent's details

93-94 High Street, Colchester, Essex, CO1

For sale: £325,000.00|5,520 Sq Ft|Office, Residential, Retail - High Street, Offices, Retail

Property details

FOR SALE£325,000.00
SIZE5,520 Sq Ft
ADDRESS93-94 High Street, Colchester, Essex, CO1
TYPEOffice, Residential, Retail - High Street, Offices, Retail
TENUREUnder Offer, For Sale Freehold
POSTED ON5th October 2021

Description

Location
Colchester is Britain's oldest recorded town and is currently the fourth fastest growing location in the UK. The population is relatively affluent, with a combined prime and secondary catchment of 246,000 people.

The subject property is situated on Colchester High Street, surrounded by a broad mix of retail, financial and restaurant occupiers, and is adjacent to the popular historic monument, Colchester Castle and Colchester Castle Park.

Description
The property comprises a Grade II Listed four storey mid terraced building. Part of the building is referenced as forming part of the 'Schedule of Ancient Monuments', which includes Colchester Castle and the Temple of Claudius.

Long used for funeral services, the property offers a range of accommodation set across the four levels: the basement level provides storage space; the ground floor offers predominantly open plan office/retail space with W/C facilities, and garages to the rear of the property; the first floor provides offices and a workshop space; and the second floor is primarily office/storage space.

There is vehicle access and garaging to the rear of the property; a rarity for such a prominent town centre property.

Accommodation
(Approximate net internal area)
Basement468 sq ft(43.5 sq m)
Ground Floor Main 1,233 sq ft (114.6 sq m)
Ground Floor Garages1,365 sq ft(125.9 sq m)
First Floor Offices948 sq ft(88.1 sq m)
First Floor Workshop1,266 sq ft(117.6 sq m)
Second Floor250 sq ft(23.2 sq m)
Total5,520 sq ft(512.9 sq m)

Business Rates
We have been informed that the rateable value is £15,750. We estimate that the rates payable are likely to be in the region of £7,875 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 (90) of the energy performance assessment scale.

A full copy of the EPC assessment and recommendation report is available from our office upon request.

Terms
Unconditional offers are invited in excess of £325,000 for the freehold interest.

Alternatively, the property is available to let on a new lease, lease length and terms to be agreed, at a rent of £27,500 per annum.

VAT
The property is not elected to VAT.

Legal Costs
Each party will bear their own legal costs.

Anti-Money Laundering Regulations
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identify, residence and source of funds prior to instructing solicitors.

Viewing
Strictly by appointment via sole agents:

Fenn Wright
01206 85 45 45
fennwright.co.uk
colchestercommercial@fennwright.co.uk

( Agency Pilot Software Ref: 14869645 )

Location

marker
Location: 93-94 High Street, Colchester, Essex, CO1

Colchester Town (0.2 miles)

Colchester (0.9 miles)

Hythe (1.1 miles)

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