William Harris Way, Colchester, Colchester, Essex.
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- Large shop
- Local community
- Communal parking
- Close to Colchester town
- Station 1.8 miles
- 979 sq. ft. with tiled flooring
- Zero business rates payable
- Double/Triple frontage
- Available now
- Chain free
Description
The premises is situated in a fantastic trading location that is highly built up residential area, with a large development of flats above and next door to a cafe. The premises benefits from free time-restricted parking directly to the front of the unit.
Tenure
Our client has a long lease on the property with approximately 134 years unexpired, with a ground rent payable at 197.64 per annum. Our client's tenant has a 16-year lease from 21st June 2013 at a rental of 12,500 per annum exclusive. The lease is subject to 4-yearly rent reviews, with the next review due in June 2025.
Premises
A terrace retail shop with a large double/triple frontage, with fascia board and single glazed entrance door leading into the premises which measures approximately 979 sq. ft. with tiled flooring, suspended ceiling, panel lighting and is arranged as:
Location
The premises is located at an ideal trading location that is surrounded by residential properties, surrounded by a development of flats above and close to other commercial properties which helps with passing trade. The premises comes with parking directly to the front of the unit
Tenure
The seller has a long lease on the property with approximately 134 years which is unexpired. The Ground rent is payable at 197.64 per annum. The current tenant has a 16 year lease from the 21st June 2013 at a rental of 12,500 per annum exclusive. The lease is subject to a 4 year rent reviews with the next rent reviews due in June 2025
Premises
This terraced retail shop with a large double/tipple frontage, with fascia board and angle glazed entrance door leading into the premises which measures approximately 979 sq.ft. with tilled flooring, suspended ceiling, panel lighting and is arranged as:
Retail Zone A: 879 SQ.FT.
Retails Zone B: 101 sq.ft.
Business Rates
The premises is subject to a rateable value of 12,000 resulting in ZERO BUSINESS RATES PAYABLE, should small business rates relief apply to the tenant.
Brochures
BrochureWilliam Harris Way, Colchester, Colchester, Essex.
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Colchester Town Station1.8 miles
- Hythe Station2.1 miles
- Wivenhoe Station2.4 miles
About the agent
Castle Estate Agents, Leigh-On-Sea
91 Broadway West, Leigh-On-Sea, SS9 2BU
It's likely to be your most valuable asset, so don't settle for anything but the best
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Notes
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