Retail property (high street) to rent
Property description & features
- Highly Prominent City Centre Retail Premises
- Directly Adjacent Costa Coffee & Claire's Accessories
- Excellent Fully Glazed Double Frontage to Pelhams Lane & Culver Street West / Trinity Square
- Office / Store, Kitchenette & W/C Facilities To The Rear
- Suitable For A Variety of Uses (STP)
- Additional Basement Storage Area
Colchester was recently awarded City status during the Platinum Jubilee celebrations, and is the major economic centre in North Essex, and benefits from excellent communication links via the A12 / A120 and is bounded by Ipswich (approx. 18 miles north east), Braintree (approx. 16.5 miles west), and Chelmsford (approx. 24 miles south east).
Colchester has a residential population of approximately 200,000, and an estimated catchment population in the order of 300,000.
Description
The property comprises a prominently located retail unit benefitting from full glazing on two elevations, with a spacious retail area and additional office / store to the rear, along with kitchenette & W/C facilities. There is also an additional basement storage area (not measured).
The property is well suited to a variety of uses to include financial services, recruitment consultancy, estate agency or retail purposes.
Accommodation
(Approximate net internal measurements)
Total Approx. 746 sq ft (69.3 sq m)
Terms
The unit is available to let on a new full repairing and insuring lease, lease length and terms to be agreed, at a rent of £35,000 per annum.
Buildings Insurance
The landlord will insure the building, with the costs to be recovered from the tenant. The tenant is to responsible for their own contents and other liability insurances (including the shop front and windows).
Service Charge
We are advised that there is no service charge applicable.
Business Rates
We have been informed that the rateable value is £43,000, with the property currently rated as 'Shop & Premises'. We therefore estimate rates payable are likely to be in the region of £21,460 per annum.
Retail occupiers in the City Centre may be eligible for concessionary rates relief, subject to availability. We recommend all parties make their own direct enquiries with the local rating authority to confirm their liabilities.
Energy Performance Certificate (EPC)
A full copy of the EPC assessment and recommendation report will soon be available from our office upon request.
VAT
We are advised that VAT is not applicable.
Legal Costs
Each party will bear their own legal costs.
Viewing
Strictly by appointment via sole agents:
Fenn Wright
[use Contact Agent Button]
[use Contact Agent Button]
Property information from this agent
Places of interest
Fenn Wright - Colchester Commercial Sales & Lettings
882 Colchester Business Park, The Crescent Colchester Business Park, Colchester CO4 9YQ
See more properties like this:
*DISCLAIMER
Property reference 14870351. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Fenn Wright - Colchester Commercial Sales & Lettings.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on March 13, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.