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Retail/Shop

Retail/Shop To Let Or For Sale Colchester

PROPERTY ID: 137537

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

965 sq.ft

Key Features

Available For Sale Freehold Or To Let On A New Lease
Ground Floor Retail Area With First And Second Floor Storage
Charming Period Property
Suitable for various uses (S.T.P)
Popular city centre retail area

Property Details

The Property Comprises A Mid Terraced Period Property Arranged Over Ground, First And Second Floors. Originally Two Separate Units, The Property Has Been Internally Linked To Provide A Good Sized Sales Area With Wc Facilities And Upper Floor Storage. The Shop Benefits From A Double Shop Front Providing Good Levels Of Natural Light, Spotlights And Part Suspended Ceilings. The Unit May Be Suitable For A Variety Of Retail / Business Uses (s.t.p) Location The Unit Is Prominently Situated On Eld Lane, A Particularly Popular Pedestrianised Throughfare Into The Retail Centre Abutting One Of Colchester's Principal Retail Developments The 'culver Square Shopping Centre', Which Boasts Many Multiples Including Boots, Primark And H&m. All Major Facilities And Amenities Are Within Close Proximity Including Car Parking, Shopping, Restaurants And Public Transport. Colchester's Town Station (london Liverpool Street Approx. 50 Minutes) Is Within Walking Distance. Accommodation [approximate Net Internal Floor Areas] Ground Floor Retail Area: 438 Sq Ft [40.7 Sq M] Approx. First Floor Stores: 373 Sq Ft [34.6 Sq M] Approx. Second Floor Store: 154 Sq Ft [14.3 Sq M] Approx. Total: 965 Sq Ft [89.6 Sq M] Approx. Terms The Premises Are Available To Let On A New Effective Full Repairing And Insuring Lease, With A Minimum Lease Length Of 3 Years And Terms To Be Agreed, At A Rent Of £12,000 Per Annum. (no Vat) Alternatively The Freehold Is Available With Vacant Possession For £185,000. (no Vat) Business Rates We Are Advised That The Premises Have A Rateable Value, With Effect From The 1st April 2023, Of £16,000. Therefore Estimated Rates Payable Of Approximately £7,985 For The Current Year. Interested Parties Are Advised To Make Their Own Enquiries. 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 Approx. Cost Is £tbc. Tenants Are Responsible For Their Own Contents And Other Liability Insurances (including The Shop Front, Windows And Glazing). Energy Performance Certificate [epc] We Have Been Advised That The Premises Fall Within Class C (66) Of The Energy Performance Assessment Scale. A Full Copy Of The Epc Assessment Is Available Upon Request. Vat We Have Been Advised That The Property Is Not Elected To Vat. However, The Landlord Reserves The Right To Elect The Property To Vat At Any Time. Deposit Dependant Upon Covenant Strength, A Rental Deposit Equivalent To Two Quarters Rent (£6,000) Will Be Required By The Landlord And Held Under Deed For The Duration Of The Lease. Legal Costs Each Party Will Bear Their Own Legal Costs. Viewings Strictly By Appointment Via Sole Letting Agents: Fenn Wright T: 01206 854545 E: Colchestercommercial@fennwright.co.uk

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About the Agent

Fenn Wright LLP

See Agent's Other Properties

Retail Unit

2 - 3,Eld Lane, Colchester, CO1 1LS
Retail/Shop - Available
965 sq ft
90 sqm
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