Retail Unit in Heart of Colchester Town Centre, opposite Fenwicks.

Retail Unit in Heart of Colchester Town Centre, opposite Fenwicks.

  • Close to Burger King, Waterstones, KFC, Greggs and opposite Fenwicks department store.
  • Net Retail Area 971 sq. ft. (90.2 sq. m).
  • Basement 360 sq. ft. (33.5 sq. m).
  • Upper floors may be available by negotiation.
  • Asking rent £40,000 p.a.x. (ground floor only)

TO BE LET 

Property Location

11, High Street,
Colchester CO1 1DA.
Property Specification
Location

The property is located in High Street, opposite the Fenwicks department store, and close to national multiples including Burger King, KFC, Waterstones, Greggs, Moss Bros and Superdrug. Also nearby are branches of major banks, and the main retail core centred on the Lion Walk and Culver Centre Shopping Centres.

Accommodation

The building, which is Grade II listed, comprises a ground floor retail unit, with a frontage onto High Street. Beyond the main retail area are toilet facilities, and beyond that is some storage/ancillary accommodation, with a trap door access to a basement. Right at the rear of the ground floor is a further area of ancillary storage (to which the toilets could be relocated) with a door onto a rear yard, with pedestrian access from Culver Street West. Also in this rear area, are two internal staircases giving access to the upper floors. Currently the first and second floors are dis-used however the landlord is currently working up a scheme to convert to two flats, each over first and second floors, one the "rear" of the property, the other to the "front".

Built Width                 16/3.

Built Depth                 93/3.

TOTAL NET RETAIL AREA  971 SQ. FT. (90.2 SQ. M).


First Floor                   Six rooms totalling 782 sq. ft. (72.6 sq. m).


Second Floor              Four rooms totalling 478 sq. ft. (44.4 sq. m).


Energy Performance Certificate


The property has an EPC rating of F - 146, and the landlord will give consideration to various works to achieve a rating of E or above.


Terms


The property is offered by way of a new lease, for a term of years to be agreed, incorporating landlords' upward-only rent reviews every 3 years. The commencing rent (ground floor only) is to be £40,000 per annum exclusive of VAT, rates and all outgoings. Terms available for the upper floors on application.


Business Rates


The property appears in the 2017 Rating List as Shop and Premises, with a rateable value of £32,250.


Viewing


For any further information or to make an appointment to view this property, please contact Jon Ablewhite of the sole agents, Morley Riches & Ablewhite, on 01206 505707.


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