Southway House, 29 Southway, Colchester, Essex, CO2
Offers in Region of
£1,200,000
£125.00 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
9,600 sq ft
892 sq m
- SECTOR
Office for sale
Key features
- Freehold Office With Basement Parking
- Investment And / Or Development Opportunity
- Open Plan Floor Plates
- Prominent City Centre Location
- Flexible Lease on Ground & First Floor, Second Floor Vacant
Description
The property comprises a purpose-built modern office building constructed in 1979. Traditional framed construction with brick elevations and concrete floors, arranged to promote open-plan office accommodation across the ground, first and second floors
The offices benefit from suspended ceilings incorporating recessed Category II lighting, air conditioning, and good levels of natural light. Heating is provided by a gas-fired central heating system
The building includes an Otis passenger lift (8-person / 600 kg capacity), which has been out of commission for 13 years. WC facilities are provided on each floor, with secure staircases located at either end of the building
A secure gated basement provides parking for approx. 10 - 12 cars.
LOCATION
The property occupies a prominent position at the junction of Southway and Headgate, with all city centre amenities within walking distance. Vehicular access is provided via Crouch Street. Public transport links are close by, with city centre bus stops approximately 300 metres to the north on Head Street and Colchester Town railway station within a 10-minute walk
ACCOMMODATION
[Approximate Gross Internal Floor Areas]
Ground Floor: 3,230 sq ft [300.1 sq m] approx.
First Floor: 3,185 sq ft [295.9 sq m] approx.
Second Floor: 3,185 sq ft [295.9 sq m] approx.
Third Floor (plant): 511 sq ft [47.5 sq m] approx.
Basement: 2,781 sq ft [258.3 sq m] approx.
Total: 12,892 sq ft [1,150.3 sq m] approx.
TENANCY INFORMATION
The ground and first floor are both let to established professional businesses that have been tenants for over 10 years.
Both leases expire 30.12.2029 and contain a mutual break clause on 21.12.2027 (6 months notice). Rents reserved £48,231 per annum + service charges £24,115 per annum. Both leases are contracted out of the Landlord and Tenant Act 1954.
Second floor vacant. Copies of the leases are available on application.
TERMS
The premises are available For Sale Freehold with offers in the region of £1,200,000 plus VAT.
BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2026, of :
Ground Floor RV £19,250
First Floor RV £19,750
Second Floor RV £20,000
We recommend all parties make their own direct enquiries with the local rating authority.
PLANNING
The property is not listed but is situated in the City Centre conservation area. It is understood that P.D. conversion is likely to be available to allow residential use.
Buyers should make their own enquiries regarding this to Colchester City Council planning department.
ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class D (97) of the energy performance assessment scale.
A full copy of the EPC assessment and recommendation report is available from our office upon request.
VAT
The property is elected to VAT. Prospective buyers should therefore be aware that VAT will be payable at the prevailing rate.
LEGAL COSTS
Each party will be responsible for their own legal costs.
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identity, residence and source of funds prior to instructing solicitors.
VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE SELLING AGENTS:
Fenn Wright
T:
E:
The offices benefit from suspended ceilings incorporating recessed Category II lighting, air conditioning, and good levels of natural light. Heating is provided by a gas-fired central heating system
The building includes an Otis passenger lift (8-person / 600 kg capacity), which has been out of commission for 13 years. WC facilities are provided on each floor, with secure staircases located at either end of the building
A secure gated basement provides parking for approx. 10 - 12 cars.
LOCATION
The property occupies a prominent position at the junction of Southway and Headgate, with all city centre amenities within walking distance. Vehicular access is provided via Crouch Street. Public transport links are close by, with city centre bus stops approximately 300 metres to the north on Head Street and Colchester Town railway station within a 10-minute walk
ACCOMMODATION
[Approximate Gross Internal Floor Areas]
Ground Floor: 3,230 sq ft [300.1 sq m] approx.
First Floor: 3,185 sq ft [295.9 sq m] approx.
Second Floor: 3,185 sq ft [295.9 sq m] approx.
Third Floor (plant): 511 sq ft [47.5 sq m] approx.
Basement: 2,781 sq ft [258.3 sq m] approx.
Total: 12,892 sq ft [1,150.3 sq m] approx.
TENANCY INFORMATION
The ground and first floor are both let to established professional businesses that have been tenants for over 10 years.
Both leases expire 30.12.2029 and contain a mutual break clause on 21.12.2027 (6 months notice). Rents reserved £48,231 per annum + service charges £24,115 per annum. Both leases are contracted out of the Landlord and Tenant Act 1954.
Second floor vacant. Copies of the leases are available on application.
TERMS
The premises are available For Sale Freehold with offers in the region of £1,200,000 plus VAT.
BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2026, of :
Ground Floor RV £19,250
First Floor RV £19,750
Second Floor RV £20,000
We recommend all parties make their own direct enquiries with the local rating authority.
PLANNING
The property is not listed but is situated in the City Centre conservation area. It is understood that P.D. conversion is likely to be available to allow residential use.
Buyers should make their own enquiries regarding this to Colchester City Council planning department.
ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class D (97) of the energy performance assessment scale.
A full copy of the EPC assessment and recommendation report is available from our office upon request.
VAT
The property is elected to VAT. Prospective buyers should therefore be aware that VAT will be payable at the prevailing rate.
LEGAL COSTS
Each party will be responsible for their own legal costs.
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identity, residence and source of funds prior to instructing solicitors.
VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE SELLING AGENTS:
Fenn Wright
T:
E:
Energy Performance Certificates
EPCBrochures
Southway House, 29 Southway, Colchester, Essex, CO2
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Colchester Town Station0.4 miles
- Colchester Station1.0 miles
- Hythe Station1.4 miles
About Fenn Wright, Colchester Business Park Commercial Sales & Lettings
882 Colchester Business Park The Crescent, Colchester Business Park, Colchester, CO4 9YQNotes
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Disclaimer - Property reference 14871004FH. 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.
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