Property Features

Location:
High Street, Colchester, CO1 1TH
93-94 High Street, Colchester
To Let £10,000 Per Annum
Property Type
A1 - High Street

About the Property

    LOCATION
    The office is located in Colchester, a major economic centre in the north of Essex. Colchester has a residential population of approximately 200,00 and an estimated catchment population in order of 300,000. The city benefits from excellent communication links via the A12/A120 to neighbouring towns and cities such as Chelmsford, Ipswich, Harwich.

    The property is situated with a frontage on to the east end of Colchester High Street, famously located next to Colchester Castle and Castle Park. The castle itself is undeniably one of the most important historic buildings in the country and a key tourist attraction. Other prominent buildings include nearby occupiers such as First Site Visual Arts Facility, Greyfriars a luxury hotel and restaurant. The Main Colchester High Street lies to the East of the property having over recent years improved considerably becoming one of the main hotspots for Restaurants, Wine Bars and Leisure.

    DESCRIPTION
    93-94 High Street comprises a Grade II listed building prominently positioned at the east end of Colchester City High Street. The 18th Century building has been a funeral directors for serval years with occupiers including the East of England CO-OP Funeral services and the well-known of their time WH Shepherd Funeral Directors.
    WH Shepherds history remains in the building from the unique led flashed glazing that is used in the shop front windows.

    Internally the space on offer consists of Three office rooms including hardware carpets, spotlights, and Air Conditioning. In its current state there are no toilet or kitchen facilities available, however the developers are willing to discuss this topic.

    With the previous fit out being funeral services, local developers saw the now empty premises as an opportunity to convert the upper floors to residential apartments however understanding the importance of the high street, they kept the front section of the ground floor as commercial use.

    ACCOMMODATION
    The property provides the following approximate Net Internal Area(NIA) floor areas:

    Ground Floor – 536.26 sq. ft. approximately

    Basement – 363 sq. ft. approximately

    TERMS
    The property is available To Let by way of a new effective, full repairing and insuring lease for a term of years to be agreed at a passing rent of £10,000 plus VAT per annum exclusive.

    OUTGOINGS
    The property has a rateable value of £15,750.

    Please note this is not the amount you will pay. The business multiplier for the year 2023/24 where the rateable value is less than £51,000 is £0.499. Therefore based on the current combined Rateable Value the rates payable for the year 2023/2024 would be circa £7,860 per year. Interested parties are advised to make their own enquiries with Colchester City Council Rates Department.

    VAT
    The property is elected for VAT therefore VAT is applicable to the rent.

    LEGAL COSTS
    Each party is to be responsible for their own legal fees in relation to any transaction.

    OTHER
    ENERGY PERFORMANCE CERTIFICATE

    The property has an EPC rating of D.

    A copy of the certificate is available on the GOV.UK Non-Domestic Energy Performance Certificate Register.

    VIEWING
    Strictly by prior appointment with the sole agents, Nicholas Percival Chartered Surveyors.
    FAO Max Copeland
    REF: C5803

    93-94 High Street, Colchester

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