For Sale or To Let - Fenn Wright

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Commercial - Essex

01206 216 565

69 Crouch Street, Colchester, Essex CO3 3EY

Entire Property

For Sale or To Let Ground Floor Retail Area



Stunning contemporary retail space



Attractive period property



Highly desirable trading location.



Suitable for a variety of uses STP



Immediately available

808 sq ft (75 sq m)

Most active agency in Suffolk and North Essex Estates Gazette (February 2014)

Details Location

Business Rates

Colchester is a thriving university and garrison town and the principal commercial centre of North East Essex with over 450,000 people within a 20 minute drive. The town is experiencing a period of substantial growth with considerable new development planned over the next decade.

From enquiries with the Local Authority we understand the premises currently have a combined assessment with the adjoining property at 71 Crouch Street. We calculate that following re-assessment as separate units the rateable value for 69 Crouch Street is likely to be a figure approaching £18,000 which will equate to business rates payable of some £8,950 for the year 2016/2017.

This attractive Grade II Listed period property occupies a busy location to the edge of the town centre to the north side of Crouch Street which is renowned for its well established high quality businesses. Occupiers include an upmarket delicatessen, jewellery and antiques shop, gentleman's outfitters, estate agents and solicitors. A Tesco convenience store and Citizens Advice Bureau are also represented. Crouch Street shoppers currently benefit from tariff free 30 minute car parking. Description This attractive period property, which was extended and comprehensively refurbished to a high standard in 2006, provides excellent contemporary retail space benefiting from marbled tiled flooring, inset lighting and good levels of natural light, security shutters to both front and rear aspects and an alarm system. There is a private pedestrian access from Manor Road to the rear via a courtyard and past a small rear annex housing a kitchen fitted with a range of stylish modern units. The first floor and attic provide a w.c and well finished ancillary accommodation consisting of 2 offices, a store room and kitchen with potential for conversion to a flat, subject to obtaining the necessary consents. Accommodation

Basement store

83 sq ft

Ground floor shop - gross internal

808 sq ft 75 sq m 50 sq ft

The building is listed and therefore an EPC is not required under the Energy Performance of Buildings Directive which came into force in January 2013. Terms The property is to be let at a commencing rental of £30,000 per annum exclusive by way of a new full repairing and insuring lease for a length to be agreed. Alternatively consideration will be given to the sale of the freehold interest with vacant possession upon completion with offers invited in excess of £450,000. Legal Costs Each party is to be responsible for the payment of their own legal costs incurred in the transaction. VAT The property is not elected to VAT. Viewing Strictly by confirmed appointment with the sole letting agents:Fenn Wright

The following approximate floor areas apply:-

Rear annex

Energy Performance Certificate

7.7 sq m

4.6 sq m

First floor

300 sq ft 27.9 sq m

Attic space

223 sq ft 20.7 sq m

Particulars for 69 Crouch Street, Colchester, Essex CO3 3EY

1 Tollgate East, Stanway, Colchester, Essex CO3 8RQ Contact:Steven Donnelly T. 01206 216557 E. [email protected]