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UNDER OFFER

40 Osborne Street, Colchester, Essex, CO2 7DB

Guide Price
£225,000

£185.03 per sq ft

Business rates & charges may apply

Fenn Wright, Colchester Business Park Commercial Sales & Lettings
SIZE AVAILABLE

1,216 sq ft

113 sq m

SECTOR

High street retail property for sale

Key features

  • Well Presented City Centre Retail / Office Premises
  • Two storey building
  • Flexible open plan ground floor space
  • Two well presented first floor offices
  • Rear garage / store available
  • Busy and prominent position
  • Suitable for various uses (STP)

Description

FOR SALE VIA AUCTION - 26th March 2025

The property comprises a two storey building, accessed via double personnel doors to the front elevation which lead to the open plan ground floor retail / office area, with a tea point and W/C facility to the rear. A staircase to the rear of the premises leads to the first floor, which provides two spacious offices / stores / meeting rooms. The property benefits from electric heaters throughout, LED lighting, carpets and fibre broadband connection (not tested).

Externally, there is a small garage / store, which is accessed via a double personnel door (not suitable for vehicles).

Note: there is no allocated car parking to the rear, however we are advised that there is a vehicular right of way for loading / unloading into the garage / store during usual business hours.


ACCOMMODATION
[Approximate Net Internal Floor Areas]

Ground Floor 599 sq ft [55.7 sq m] approx.
First Floor 617 sq ft [57.3 sq m] approx.
Total 1,216 sq ft [113.0 sq m] approx.

(plus external garage / store - approx. 175 sq ft [16.3 sq m])


TERMS
The premises are available for sale via Auction, at a guide price of £225,000.

Please contact Auction House East Anglia on for more information, or click here to view the online listing.

BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £10,750.

For rateable values below £12,000, 100% small business rates relief may be available, subject to eligibility.
Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities.


SERVICE CHARGE
We are advised that no service charge is applicable.


ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class C (56) of the energy performance assessment scale.
A full copy of the EPC assessment is available upon request.


VAT
We have been advised that VAT will not be applicable.


LEGAL COSTS
Please contact Auction House East Anglia for more information.


ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering (AML) Regulations require Auction House East Anglia to formally verify prospective purchaser's identity, residence and source of funds prior to instructing solicitors.


AGENT'S NOTE
We are advised that there is an existing pedestrian right of way to the store to the rear and rear personnel door.

There is also a vehicular right of way to the store - for the avoidance of doubt, the vehicular access to the store will not
permit parking, and is reserved for loading / unloading only.

These rights of way will be restricted to usual business hours



VIEWINGS STRICTLY BY APPOINTMENT
VIA AUCTIONEERS:

Auction House East Anglia
17 Neptune Quay
Ipswich
Suffolk
IP4 1QJ

auctionhouse.co.uk/eastanglia


Brochures

40 Osborne Street, Colchester, Essex, CO2 7DB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Colchester Town Station0.2 miles
  • Colchester Station1.0 miles
  • Hythe Station1.2 miles

About Fenn Wright, Colchester Business Park Commercial Sales & Lettings

882 Colchester Business Park The Crescent, Colchester Business Park, Colchester, CO4 9YQ

Fenn Wright are East Anglia's leading, independently owned partnership of commercial property agents, estate agents and Chartered Surveyors, with a reputation for providing the highest level of customer care.

Our commercial property agents offer an unrivalled range of professional skills and local market knowledge and we aim to provide industry-leading levels of service. We represent a wide spectrum of clients, including investors and developers, landlords and tenants, property companies, pension funds, business owners and private individuals. We can provide expert advice on every aspect of buying, selling and renting Commercial property, from valuations, landlord and tenant services, property management and insolvency, to name a few.

We have an unequalled presence throughout Essex and Suffolk with offices in the major hubs of Chelmsford, Colchester, Colchester Business Park and Ipswich - as well as branches in Sudbury, Woodbridge, Witham, Stanway, Felixstowe, Kesgrave and Manningtree.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 14870469FH. 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 Fenn Wright, Colchester Business Park Commercial Sales & Lettings. 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.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Fenn Wright, Colchester Business Park Commercial Sales & Lettings on 01206 586132.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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