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Retail/Office unit in Colchester town centre.

  • Retail/office unit situated close to one of the Colchester’s main shopping centres.
  • Self-contained property, in heart of town centre.
  • Retail/office area 505 sq. ft. (46.9 sq. m) on the ground floor.
  • Total Net Area 1,322 sq. ft. (122.8 sq. m) including first floor and cellar.
  • Commencing rent £15,000 p.a.x.

TO BE LET

Property Location

10, St John's Street,
Colchester,
Essex CO2 7AN
Property Specification
Location

the premises are located in St John's Street, located immediately to the south of The Culver Centre Shopping Centre, one of the two main shopping centres in Colchester town centre. In the immediate vicinity, are a wide range of independent retail, restaurant and office occupiers, as well as Wilkinsons.

Description

The property comprises a substantial property on ground and first floor with a cellar. The ground floor comprises a front retail/office area, with steps to a rear room, with a toilet off. There is a stairway leading to the first floor, comprising two office rooms and two store rooms, and down to the cellar, with a staff room (with a door to the rear yard) and three storage rooms including a "strongroom".

The property benefits from gas-fired central heating and (mainly) double glazed windows.

Accommodation

Ground Floor      Front Retail Area/Office      307 sq. ft.

Rear Retail Area/Office        198 sq. ft.

WC

First Floor           Office 1   103 sq. ft.

Office 2   149 sq. ft.

Office/Store  151 sq. ft.

Office/Store    90 sq. ft.

Cellar                   Staff Room/Kitchen   193 sq. ft.

Strong Room      93 sq. ft.

Store 1                 22 sq. ft.

Store 2                16 sq. ft.

TOTAL FLOOR AREA 1,322 SQ. FT. (122.8 SQ. M)


Energy Performance Certificate

The property has an EPC rating of C - 61. A copy is available on request.

Rateable Value

The property appears in the 2017 Rating List, as Shop and Premises with a rateable value of £10,750. Therefore, an occupier will potentially qualify for Small Business Rates Relief.

Tenure

The property is offered on a new full repairing and insuring lease for a term to be agreed, incorporating upward-only rent reviews every 3 years. The commencing rent is to be £15,000 exclusive of VAT, rates and all outgoings.

Further information

To obtain further information or to arrange a viewing of this property, please contact the agents, Morley Riches & Ablewhite, on (01206 505707) - Jon Ablewhite  jon@mrallp.co.uk
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Our Services

Clients choose to work with our friendly, professional team time and time again because we consistently deliver a quality service that makes their lives easier. Our plain-speaking approach ensures everyone is kept on the same page and that a project can move forward in a timely and cost-effective way.

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Commercial Estate Agency

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Property Management

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Property Valuation

Landlord and Tenant

Building Surveying

Development Consultancy

What people say about working with us

  • "Morley Riches & Ablewhite have managed two of our multi-let office investments since 2008.  We have always been completely satisfied with their performance and feel comfortable that our tenants are in safe hands.  Rents are always collected promptly and accounted to us accurately.  Service charge accounts are always well maintained and presented to our tenants. We have also instructed Peter Riches to undertake a range of professional work on other properties in our portfolio including valuations, rent reviews, records of condition and schedules of dilapidation.  Again, we have always been pleased with the outcome and as a result have been happy to recommend him to other property owners known to us."
    Graham Holdgate, Moreland Limited
  • "Being a local business in Colchester, we seek to establish relationships with local professionals in certain key areas of business. Morley Riches and Ablewhite are a professional friend of Handelsbanken and  understood from a very early stage what we were looking for from their reports. They  have been extremely prompt in their delivery  of valuations and more than happy to discuss all aspects of the property market within our catchment area, which we find very valuable.  Overall a pleasure to deal with."
    Russell Felstead, Handelsbanken
  • "We have employed the services of Morley Riches & Ablewhite for over 10 years and have always found them to be Professional to deal with. Both Peter and Jon have a wide knowledge of the local commercial market which has enabled them to advise us on various aspects within our diverse business."
    Ian Newman, East Anglian Group
  • "Jon Ablewhite of Morley, Riches and Ablewhite has provided professional services to my company for many years. This has included sales, purchasing and renting of office properties in and around Colchester. He has been very professional and thorough, combining this with an understanding of the needs of a business client such as ourselves. Together with Peter Riches, he forms a very strong and likeable team."
    Russell Sainty, Seaford Properties Limited
  • "I have known Peter Riches and indeed some of his staff for many years now.  Our family and I in particular have built a close relationship with Peter, instructing him on numerous occasions for projects, lease renewals, rent reviews etc. and have always found him to be honest, reliable and extremely efficient. Peter will always find a solution to all your property needs and matters – his creative talent, input and valuable knowledge is where he really shines above the rest “bar none”! I would have no hesitation in recommending him or his staff for all your property needs."
    Aaron Taub, Advantage Property Group
  • "Peter Riches of MRA has managed an industrial property we own for the last 10 years and we have been delighted with the way our business has been handled. We have always found Peter to be very professional in his attitude; he has a good understanding of what we are trying to achieve, listens to our ideas and offers suggestions of his own. The rest of the team at MRA are always polite, friendly and helpful and we highly recommend the company and the services they offer."
    A J Kernahan, Developments Limited
Get In Touch

Get in touch

Email enquiries@mrallp.co.uk
Telephone 01206 505707

If you’ve got a question about the services we deliver, or would like some advice on how we can support your project, simply get in touch and we’d be more than happy to help.

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