40 North Hill, Colchester, CO1 1PY

£17,000 per annum exclusive

Overview

Retail
Property Type

1272 - 1272
sq ft

Description

Location

The property comprises a Grade II Listed building offering high quality accommodation arranged over ground and first floors. The ground floor is accessed via a single personnel door with adjacent window fronting North Hill, providing excellent visibility. The ground floor features an open-plan layout with a feature brick wall, partially dividing the space, with a kitchenette and WC facilities to the rear. The first floor provides well presented and spacious cellular office / meeting room space and additional WC facilities.

The offices benefit from carpeting throughout, wall-mounted heating/cooling cassettes, gas-fired central heating (not tested), ample electrical sockets, and modern LED lighting.
The property is well suited to a variety of uses to include financial services, recruitment consultancy, estate agency or retail purposes.
Parking spaces may be available by separate negotiation (subject to availability).

LOCATION
The premises are prominently situated fronting North Hill, a busy road with high footfall in Colchester city centre close to all major facilities and amenities including car parking, shopping, restaurants and public transport. Colchester's mainline railway station is within walking distance, offering regular direct services to London Liverpool Street (approx. 55 mins).

ACCOMMODATION
[Approximate Net Internal Floor Areas]

Ground Floor: 694 sq ft [64.46 sq m] approx.
First Floor: 578 sq ft [53.70 sq m] approx.
Total: 1,272 sq ft [118.16 sq m] approx.

TERMS
The premises are available to let on a new full repairing and insuring lease, with lease length and terms to be agreed, at a rent of £17,000 per annum plus VAT.

SERVICE CHARGE
We are advised that no service charge will be applicable.

BUILDINGS INSURANCE
The buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant.
For the current year the approximate cost is £1,242.22 plus VAT.

BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £9,100.
For rateable values below £12,000, 100% small business rate relief may be available, subject to eligibility.
We recommend all parties make their own direct enquiries with the local rating authority.

PLANNING
The unit has planning consent for Class E use (retail or office use) under application No 212859.
The building is Grade II Listed: No 1169263.
Interested parties are advised to make their own enquiries with the local planning authorities.

ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class B (49) of the energy performance assessment scale. A full copy of the EPC assessment is available upon request.

VAT
We are advised that VAT will be applicable on the rent. All rents and prices are exclusive of VAT under the Finance Act 1989.

LEGAL COSTS
Each party will bear their own legal costs.

ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify a prospective tenants identity prior to the instruction of solicitors.

VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE LETTING AGENTS:
Fenn Wright
T: 01206 854545
E: colchestercommercial@fennwright.co.uk