18-19 Church Walk, Colchester, Essex, CO1

Originally two separate units, the property has been internally connected to create a spacious sales/ retail area with additional store and office space, a small yard towards the rear and WC facilities accessible via the yard.

The property benefits from a double shop front providing good levels of natural light, two separate entrance doors, mains electricity, water and drainage whilst mains gas is available from Church Walk.
The premises are suitable for a number of retail or professional uses (STP).

LOCATION
The premises are located in Church Walk leading to Head Street which is part of Colchester City Centre and directly connects to the High Street. The surrounding area features a diverse mix of financial, retail, and hospitality businesses, with notable nearby occupiers including H&M, Costa Coffee, and Odeon Cinema

Colchester 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).

TERMS
The premises are available to let on a new full repairing and insuring lease, lease length and terms to be agreed, at a rent of £7,000 per annum.

We are advised that VAT is not applicable.

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

BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £7,900.
For rateable values below £12,000, 100% small business rate relief may be available, subject to eligibility.

We recommend all parties make their own direct enquiries with the local rating authority.

BUILDINGS INSURANCE
The buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant.
For the current year the approximate cost is £440.00

ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class C (70) of the energy performance assessment scale.
A full copy of the EPC assessment and recommendation report is 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.

DEPOSIT
Dependent upon covenant strength, a rental deposit equivalent to two quarters rent (£3,500) will be required by the landlord and held under deed for the duration of the lease. The landlord may request a higher deposit amount, depending on the tenants trading history - the above figures are a guide only.

VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE LETTING AGENTS:
Fenn Wright
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