LOCATION
The property is situated on the northern side of Crouch Street East, close to Head Street in Colchester Town Centre. Crouch Street links St Mary’s multi-storey car park on Balkerne Hill with Head Street and hosts a range of occupiers including Lisa Marie Ladies Clothes Shop, Dilly’s Bespoke Florist, Palmer & Partners Estate Agents, Old Town Barbers, Age UK and Durden & Hunt Estate Agents.

DESCRIPTION
The property comprises a characterful retail shop unit along Crouch Street (East). The shop is arranged over ground, basement and first floors with a fully glazed shop front and WC facilities.

ACCOMMODATION
Basement 212 sq. ft. NIA
Ground Floor 297 sq. ft. NIA
First Floor 219 sq. ft. NIA

TERMS
The property is available to let by way of a new full repairing and insuring lease for a term of years to be agreed at a passing rent of £12,000pax.

OUTGOINGS
The property has a rateable value of £10,500. Occupiers may be able to benefit from full business rate relief, interested parties are advised to make their own enquiries with Colchester City Council.

LEGAL COSTS
Each party is to bear their own legal fees in relation to any transaction.

OTHER
Anti-Money Laundering

Anti-Money Laundering Regulations require Nicholas Percival to formally verify prospective tenant’s identity, residence and source of funds prior to instructing solicitors.

Administration Fee:

Upon Heads of Terms being agreed and prior to Solicitors being instructed, the prospective tenant or purchaser is to pay an administrative fee of £250 plus VAT to Nicholas Percival Ltd. This fee will cover all associated administrative costs including any referencing fees incurred.

REF: C4337

VIEWING
Strictly by prior appointment. For further information or to arrange a viewing please contact the sole agents, Nicholas Percival Estate Agents & Chartered Surveyors. FAO Max Copeland