Request a Valuation
For Sale: £750,000
To Let: £50,000
17 Long Wyre Street, Colchester, Essex, CO1
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Area
29542Sq Ft
Location
Colchester is Britain's oldest recorded town and is currently the fourth fastest growing location in the UK. The population is relatively affluent with a combined prime and secondary catchment of 246,000 people. The subject property is located in central Colchester in a busy semi-pedestrianised pitch adjacent to Specsavers and opposite CEX, Card Factory and the entrance to the Priory Walk shopping centre anchored by Sainsbury's.
Description
The property comprises a substantial modern building arranged over ground and first floors. It was substantially rebuilt behind it's retained façade in 1998. The property benefits from a duel aspect having frontages to both Long Wyre Street and Victoria Place allowing multiple points of access, and natural light from front and back.
Accommodation
The premises comprise a substantial retail store formerly occupied by Argos offering the following approximate areas and dimensions (floor plans available upon request):
Ground Floor 13,100 sq ft (1,217.1 sq m)
First Floor 16,442 sq ft (1,527.6 sq m)
Total 29,542 sq ft (2,744.7 sq m)
The ground floor and first floor can be separately let if required.
The premises benefit from excellent servicing via the basement service yard of the adjacent Lion Walk shopping centre.
Planning
Whilst the property currently benefits from Class E use, the vendor believes other uses would be favourably considered by Colchester Borough Council including residential, medical, office and educational uses.
Plans prepared on the basis of a comprehensive residential redevelopment support a scheme for 31 units. These are available upon request.
The property is located in a conservation area but Is not listed.
Energy Performance Certificate (EPC)
We have been advised that the premises fall within class B (43) of the energy performance assessment scale.
A full copy of the EPC assessment and recommendation report is available from our office upon request.
Tenancy
The property is offered for sale freehold with vacant possession. The freeholder will have a right of access and use of the service corridor and basement service yard and will be required to pay a service charge for the upkeep and maintenance of the same (approx. £10,500 per annum plus VAT-further details available upon request).
Terms
Offers are invited in excess of £750,000 for the freehold interest with vacant possession. VAT will be charged on the sale price.
Leasehold offers at an initial rent exceeding £50,000 per annum plus VAT are also invited.
Legal Costs
Each party will bear their own legal costs.
Anti-Money Laundering Regulations
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identify, residence and source of funds prior to instructing solicitors.
Viewings, Floor Plans & Further Information
A comprehensive pack of information about the subject premises (including floor plans, asbestos information, EPC, etc.) can be obtained from the joint sole selling agents through whom viewing arrangements can be made.
Joint sole selling agents:
Fenn Wright
Lewis Chambers
Email: lcc@fennwright.co.uk
Direct dial: 01206 216 562
Jamieson Mills
Jamie Simister
Email: jps@jamiesonmills.com
Direct dial: 020 3746 6883
Features
- Substantial Town Centre Development Opportunity
- Modern Structure Behind Façade
- Front & Rear Access
- Concrete Ground & First Floors
- Basement Goods Entry
- Potential Uses Include: Medical, Educational, Class E & Residential (STP)
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17 Long Wyre Street, Colchester, Essex, CO1
Location
Colchester is Britain's oldest recorded town and is currently the fourth fastest growing location in the UK. The population is relatively affluent with a combined prime and secondary catchment of 246,000 people. The subject property is located in central Colchester in a busy semi-pedestrianised pitch adjacent to Specsavers and opposite CEX, Card Factory and the entrance to the Priory Walk shopping centre anchored by Sainsbury's.
Description
The property comprises a substantial modern building arranged over ground and first floors. It was substantially rebuilt behind it's retained façade in 1998. The property benefits from a duel aspect having frontages to both Long Wyre Street and Victoria Place allowing multiple points of access, and natural light from front and back.
Accommodation
The premises comprise a substantial retail store formerly occupied by Argos offering the following approximate areas and dimensions (floor plans available upon request):
Ground Floor 13,100 sq ft (1,217.1 sq m)
First Floor 16,442 sq ft (1,527.6 sq m)
Total 29,542 sq ft (2,744.7 sq m)
The ground floor and first floor can be separately let if required.
The premises benefit from excellent servicing via the basement service yard of the adjacent Lion Walk shopping centre.
Planning
Whilst the property currently benefits from Class E use, the vendor believes other uses would be favourably considered by Colchester Borough Council including residential, medical, office and educational uses.
Plans prepared on the basis of a comprehensive residential redevelopment support a scheme for 31 units. These are available upon request.
The property is located in a conservation area but Is not listed.
Energy Performance Certificate (EPC)
We have been advised that the premises fall within class B (43) of the energy performance assessment scale.
A full copy of the EPC assessment and recommendation report is available from our office upon request.
Tenancy
The property is offered for sale freehold with vacant possession. The freeholder will have a right of access and use of the service corridor and basement service yard and will be required to pay a service charge for the upkeep and maintenance of the same (approx. £10,500 per annum plus VAT-further details available upon request).
Terms
Offers are invited in excess of £750,000 for the freehold interest with vacant possession. VAT will be charged on the sale price.
Leasehold offers at an initial rent exceeding £50,000 per annum plus VAT are also invited.
Legal Costs
Each party will bear their own legal costs.
Anti-Money Laundering Regulations
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identify, residence and source of funds prior to instructing solicitors.
Viewings, Floor Plans & Further Information
A comprehensive pack of information about the subject premises (including floor plans, asbestos information, EPC, etc.) can be obtained from the joint sole selling agents through whom viewing arrangements can be made.
Joint sole selling agents:
Fenn Wright
Lewis Chambers
Email: lcc@fennwright.co.uk
Direct dial: 01206 216 562
Jamieson Mills
Jamie Simister
Email: jps@jamiesonmills.com
Direct dial: 020 3746 6883