Unit 1, Essex House, 42 Crouch Street, Colchester, Essex, CO3

Unit 1 comprises a self-contained ground floor lock-up commercial unit with its own dedicated entrance via a single personnel door. The layout is open-plan with tea point and WC facilities located toward the rear. A large glazed frontage provides excellent natural daylight and display opportunities. The specification includes LED lighting, ample electrical outlets, and heating/cooling via a ceiling-mounted cassette.
The property is well suited to a variety of uses to include financial services, recruitment consultancy, estate agency or retail purposes.
Short-stay parking (30-minute bays) is available directly opposite the premises, with long-term parking options available at the nearby St Mary's multi-storey car park.

LOCATION
Crouch Street is a prestigious and well-established commercial location within Colchester City Centre. The street has built a reputation as one of the city's more upmarket retail and business destinations, attracting consistent footfall. Surrounding occupiers include fashion retailers, estate agents, health and beauty services, restaurants, and coffee shops,

Colchester, granted City status during the Platinum Jubilee celebrations, is a key economic and cultural hub in North Essex. Crouch Street benefits from excellent transport links, with easy access to the A12 and A120, which provide convenient connectivity to London, the M25, and the wider East of England. Colchester's mainline railway station is within walking distance, offering regular direct services to London Liverpool Street (approx. 55 mins)

ACCOMMODATION
[Approximate Net Internal Floor Areas]

Total: 347 sq ft [32.24 sq m] approx.

TERMS
The premises are available to let on a new effective full repairing and insuring lease, with lease length and terms to be agreed, at a rent of £12,500 per annum (plus VAT), payable quarterly in advance.

SERVICE CHARGE
A service charge will be applicable to cover costs of; water rates, refuse collection and annual air conditioning servicing.
Approximate cost for the current year is £600 plus VAT.

BUILDINGS INSURANCE
The buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant. This cost is included within the service charge.

PLANNING
The units have planning consent for Class A1, A2 & B1 use (retail or office use) under application number 192863.

BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £10,250.
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.

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
VAT will be applicable on the rent and service. All rents and prices are exclusive of VAT under the Finance act 1989.

LEGAL COSTS
Each party will bear their own legal costs.

ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify a prospective tenants identity prior to the instruction of solicitors.

VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE LETTING AGENTS:
Fenn Wright
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