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High Street, Colchester, Essex, CO1

£833 pcm
£10,000 pa

£18.66 per sq ft

Business rates & charges may apply

Nicholas Percival Commercial, Colchester
SIZE AVAILABLE

536 sq ft

50 sq m

SECTOR

High street retail property to lease

USE CLASSUse class orders: Class E

E

Lease details

Lease available date:
Ask agent

Key features

  • To Let: £10,000 per annum
  • Three Office Rooms and Basement for Storage
  • High Street Frontage
  • Extending to approx. 536 sq.ft.

Description

LOCATION AND SITUATION

The office is located in Colchester, a major economic centre in the north of Essex. Colchester has a residential population of approximately 200,00 and an estimated catchment population in order of 300,000. The city benefits from excellent communication links via the A12/A120 to neighboring towns and cities such as Chelmsford, Ipswich, Harwich.

The property is situated with a frontage on to the east end of Colchester High Street, famously located next to Colchester Castle and Castle Park. The castle itself is undeniably one of the most important historic buildings in the country and a key tourist attraction. Other prominent buildings include nearby occupiers such as First Site Visual Arts Facility, Greyfriars a luxury hotel and restaurant. The Main Colchester High Street lies to the East of the property having over recent years improved considerably becoming one of the main hotspots for Restaurants, Wine Bars and Leisure

DESCRIPTION

93-94 High Street comprises a Grade II listed building prominently positioned at the east end of Colchester City High Street. The 18th Century building has been a funeral directors for serval years with occupiers including the East of England CO-OP Funeral services and the well-known of their time WH Shepherd Funeral Directors.
WH Shepherds history remains in the building from the unique led flashed glazing that is used in the shop front windows.

Internally the space on offer consists of Three office rooms including hardware carpets, spotlights, and Air Conditioning. In its current state there are no toilet or kitchen facilities available, however the developers are willing to discuss this topic.

With the previous fit out being funeral services, local developers saw the now empty premises as an opportunity to convert the upper floors to residential apartments however understanding the importance of the high street, they kept the front section of the ground floor as commercial use.

ACCOMMODATION

The property provides the following approximate Net Internal Area(NIA) floor areas:

Ground Floor - 536 sq.ft. approx

Basement - 363 sq.ft. approx

ENERGY PERFORMANCE CERTIFICATE

The property has an EPC rating of D.

A copy of the certificate is available on the GOV.UK Non-Domestic Energy Performance Certificate Register.

RATEABLE VALUE | BUSINESS RATES

93-94 High Street has a current rateable value of £15,750. However, this applies to the building as a whole. The property will need to be re-assessed once the building has been split between Commercial and Residential.

TERMS

The property is available To Let by way of a new effective, full repairing and insuring lease for a term of years to be agreed at a passing rent of £10,000 per annum exclusive.

VAT

The property is elected for VAT therefore VAT is applicable to the rent.

LEGAL FEES

Each party is to be responsible for their own legal fees in relation to any transaction.

ANTI-MONEY LAUNDERING REGULATIONS

Anti-Money Laundering Regulations require Nicholas Percival to formally verify prospective tenant's identity, residence and source of funds prior to instructing solicitors.

Brochures

High Street, Colchester, Essex, CO1

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Colchester Town Station0.2 miles
  • Colchester Station0.9 miles
  • Hythe Station1.1 miles

About Nicholas Percival Commercial, Colchester

Beacon End Farmhouse London Road, Stanway, Colchester, CO3 0NQ

Nicholas Percival are well-established Estate Agents and Chartered Surveyors with over 25 years of experience selling the finest village, town and country houses in North Essex and South Suffolk

The Commercial Property Division specialises in all aspects of Sales, Lettings and Professional Advice to both Landlords & Tenants Nicholas Percival Chartered Surveyors has an established reputation for professional excellence and integrity and is regarded as one of the leading independent practices in North Essex

Commercial rent reviews and lease renewals are an opportunity for both owners and occupiers to recast their agreement in a more commercial form; they are not just a re-negotiation of the level of rent. Whether you are the landlord or tenant, when it is time for a rent review or lease renewal it is important to avail yourself with the best representation and accurate advice from a specialist commercial chartered surveyor such as those at Nicholas Percival

Nicholas Percival's Commercial Property Management division have been helping companies and individuals manage their commercial property in Essex for over 29 years.

Our specialist team are based in Colchester and have a depth of local knowledge and expertise that enables them to ensure that client's properties are successfully managed, and as a matter of course provide advice on long term strategic changes, in order to create added value and asset enhancement.

Nicholas Percival assumes full responsibility for the day to day management of your property portfolio. We will be in touch with you throughout the year and will meet you at least once a year to provide a full review of the property portfolio performance. However, our goal is to provide exactly the service you need and we are happy to tailor this approach to suit you. We understand that every company and individual have different needs and will work with you to find the right level of communication and involvement that suits you. In addition, you can rely on our team to help and advise you as and when it is required.

Our Management service covers all aspects of property management:

• Rent collection

• Accounting to the client on a monthly or quarterly basis

• Service charge collection

• Budgeting and collection service charge accounts

• Arranging buildings insurance

• Organising contracts with maintenance suppliers such as cleaners, gardeners etc.

• Health and Safety issues

• Landlord and tenant Statutory obligations

• Site visits and inspections

• Negotiating Rent Reviews & Lease Renewals

Nicholas Percival act as the principal liaison between the Landlord and Tenant at all times. All of our Management services are dealt with in accordance with the terms of the leases and any current relevant legislation and codes of practice.

In addition to our core landlord and tenant, building surveying and valuation services, we provide a variety of additional services, including:

• Independent purchase reports

• Strategy advice and reports

• Redevelopment/conversion appraisals

Notes

These notes are private, only you can see them.

Disclaimer - Property reference C5803. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Nicholas Percival Commercial, Colchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of 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.

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