Property Features

Location:
Eld Lane, Colchester, Essex, CO1 1LS
Eld Lane, Colchester, Essex
To Let £15,950 Per Annum
Property Type
A1 � Centre / A1 Centre

About the Property

    LOCATION
    The City has a substantial catchment population estimated in the region of 300,000 which extends over a densely populated rural area being bound by Ipswich circa 18 miles to the north-east, Braintree 16.5 miles to the west and Chelmsford 24 miles to the south-east respectively.

    The property is found on Eld Lane, a pedestrianised street in the south-east corner of the City centre. Eld Lane is a popular secondary retail location close to Lion Walk which includes shops occupied by retailers such as Boots, River Island, New Look, the Body Shop, Costa Coffee and Apple.

    Eld Lane benefits from its close proximity to both the Vineyard Street Pay & Display Car Park to the rear, accessible via steps and a lift, as well as the Priory Street Pay & Display Car Park which is only a short walk away.

    DESCRIPTION
    The Grade II listed property comprises a late 18th / early 19th century, two-storey shop premises of brick construction with painted elevations beneath a tiled roof. The frontage has two sash windows with glazing bars. The property is structurally connected to the visible remains of the Roman Town Wall.

    The current fit out is a salon/hairdresser however as the tenant is at the end of their lease the property will be empty by March 2024. The installation of the new fit out will be the responsibility of any new tenant. Alternative uses are considered.

    ACCOMMODATION
    Ground Floor

    Frontage 7.70m
    Depth 5.92m

    Zone A 43.99m2 (473 sq. ft.)

    First Floor

    Retail/Store 13.29m2
    Kitchen 4.70m2
    WC
    17.99m2 (194 sq. ft.)

    Total Floor Area (NIA) = 61.97m2 (667 sq. ft.)
    Total Floor Area (ITZA) = 45.75m2 (483 sq. ft.)

    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 £15,950 per annum exclusive.

    OUTGOINGS
    The property has a rateable value of £14,000.

    The property has a rateable less than £15,000 therefore occupiers may be able to benefit from partial small business rate relief. Interested parties are advised to make their own enquiries with the Colchester Council Rates Department.

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

    OTHER
    The property has an EPC rating of E. A copy of the certificate is available on the GOV.UK Non-Domestic Energy Performance Certificate Register.

    REF: C5715

    VIEWING
    Strictly by prior appointment with the sole agents, Nicholas Percival Chartered Surveyors.

    Eld Lane, Colchester, Essex

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