Request a Valuation
To Let: £35,000 pa
1-3 Pelhams Lane, Colchester, Essex, CO1
-
Area
746Sq Ft
The property is prominently situated on the corner of Pelhams Lane, adjacent to the High Street and on the junction of the prime retail area of Culver Street West and Trinity Square. Nearby occupiers include Costa Coffee, Claire's Accessories, EE, Lush and various other national retailers.
Colchester was recently awarded City status during the Platinum Jubilee celebrations, and is the major economic centre in North Essex, and benefits from excellent communication links via the A12 / A120 and is bounded by Ipswich (approx. 18 miles north east), Braintree (approx. 16.5 miles west), and Chelmsford (approx. 24 miles south east).
Colchester has a residential population of approximately 200,000, and an estimated catchment population in the order of 300,000.
Description
The property comprises a prominently located retail unit benefitting from full glazing on two elevations, with a spacious retail area and additional office / store to the rear, along with kitchenette & W/C facilities. There is also an additional basement storage area (not measured).
The property is well suited to a variety of uses to include financial services, recruitment consultancy, estate agency or retail purposes.
Accommodation
(Approximate net internal measurements)
Total Approx. 746 sq ft (69.3 sq m)
Terms
The unit is available to let on a new full repairing and insuring lease, lease length and terms to be agreed, at a rent of £35,000 per annum.
Buildings Insurance
The landlord will insure the building, with the costs to be recovered from the tenant. The tenant is to responsible for their own contents and other liability insurances (including the shop front and windows).
Service Charge
We are advised that there is no service charge applicable.
Business Rates
We have been informed that the rateable value is £43,000, with the property currently rated as 'Shop & Premises'. We therefore estimate rates payable are likely to be in the region of £21,460 per annum.
Retail occupiers in the City Centre may be eligible for concessionary rates relief, subject to availability. We recommend all parties make their own direct enquiries with the local rating authority to confirm their liabilities.
Energy Performance Certificate (EPC)
A full copy of the EPC assessment and recommendation report will soon be available from our office upon request.
VAT
We are advised that VAT is not applicable.
Legal Costs
Each party will bear their own legal costs.
Viewing
Strictly by appointment via sole agents:
Fenn Wright
01206 85 45 45
colchestercommercial@fennwright.co.uk
Features
- Highly Prominent City Centre Retail Premises
- Directly Adjacent Costa Coffee & Claire's Accessories
- Excellent Fully Glazed Double Frontage to Pelhams Lane & Culver Street West / Trinity Square
- Office / Store, Kitchenette & W/C Facilities To The Rear
- Suitable For A Variety of Uses (STP)
- Additional Basement Storage Area
Floor plan
Map
Make an enquiry
This form is provided for your convenience. If you would prefer to talk with someone about your property search, we’d be pleased to hear from you. Contact us.
1-3 Pelhams Lane, Colchester, Essex, CO1
The property is prominently situated on the corner of Pelhams Lane, adjacent to the High Street and on the junction of the prime retail area of Culver Street West and Trinity Square. Nearby occupiers include Costa Coffee, Claire's Accessories, EE, Lush and various other national retailers.
Colchester was recently awarded City status during the Platinum Jubilee celebrations, and is the major economic centre in North Essex, and benefits from excellent communication links via the A12 / A120 and is bounded by Ipswich (approx. 18 miles north east), Braintree (approx. 16.5 miles west), and Chelmsford (approx. 24 miles south east).
Colchester has a residential population of approximately 200,000, and an estimated catchment population in the order of 300,000.
Description
The property comprises a prominently located retail unit benefitting from full glazing on two elevations, with a spacious retail area and additional office / store to the rear, along with kitchenette & W/C facilities. There is also an additional basement storage area (not measured).
The property is well suited to a variety of uses to include financial services, recruitment consultancy, estate agency or retail purposes.
Accommodation
(Approximate net internal measurements)
Total Approx. 746 sq ft (69.3 sq m)
Terms
The unit is available to let on a new full repairing and insuring lease, lease length and terms to be agreed, at a rent of £35,000 per annum.
Buildings Insurance
The landlord will insure the building, with the costs to be recovered from the tenant. The tenant is to responsible for their own contents and other liability insurances (including the shop front and windows).
Service Charge
We are advised that there is no service charge applicable.
Business Rates
We have been informed that the rateable value is £43,000, with the property currently rated as 'Shop & Premises'. We therefore estimate rates payable are likely to be in the region of £21,460 per annum.
Retail occupiers in the City Centre may be eligible for concessionary rates relief, subject to availability. We recommend all parties make their own direct enquiries with the local rating authority to confirm their liabilities.
Energy Performance Certificate (EPC)
A full copy of the EPC assessment and recommendation report will soon be available from our office upon request.
VAT
We are advised that VAT is not applicable.
Legal Costs
Each party will bear their own legal costs.
Viewing
Strictly by appointment via sole agents:
Fenn Wright
01206 85 45 45
colchestercommercial@fennwright.co.uk