Crouch Street, Colchester

A unique opportunity to acquire this Grade II Listed, commercial property offered for sale with vacant possession. The property spans ground and first floors with a small courtyard to rear and is located on the popular Crouch Street in Colchester City Centre and in our opinion offers a great opportunity for an entrepreneur to run their own business.

Description - An attractive, grade II listed commercial property over ground and first floors extending to approximately 750 Sq Ft. Accommodation comprises main retail area to ground floor with serving counter and seating area, store room to rear and small courtyard for bin storage. To the first floor there is additional seating area or storage space plus, kitchen & WC. The premises is currently owner occupied as a dessert parlour (equipment and goodwill can be purchased by separate negotiation).

Location - Located on the busy Crouch Street in the heart of Colchester City Centre, a vibrant street boasting a mix of boutique retailers, eateries & pubs and opposite a Tesco Express.

Planning - The premises is currently used as a dessert parlour falling within use class E. Alternate uses may also be possible, enquiries should be made to Colchester City Council.

Business Rates - The property appears in the VOA Ratings List as Shop and Premises with a Rateable Value of £12,250, giving approximate rates payable of £5,292 PA. The ingoing occupier may qualify for partial Small Business Rate Relief subject to meeting eligibility criteria.

Business - Tub & Cone is an established dessert cafe offering coffee and a range of desserts and cakes for consumption on site or takeaway. The current owner is willing to sell the goodwill and all equipment should the buyer be looking to continue to run the business for a premium of £20,000.

Vat - We understand the building is not elected for VAT and therefore the purchase price will not be subject to VAT.

Agents Note - The property is also available to rent on a new lease (terms to be agreed) at £20,000 PA.