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Property Image

For Sale: £450,000

Sold

80 Magdalen Street, Colchester, Essex, CO1

Property Image
Property Image
  • Area

    area
    6457Sq Ft

Location

The property is situated on the south side of Magdalen Street approximately ½ a mile east of Colchester town centre. Magdalen Street is one of the principal routes for traffic into the town centre and adjoining high profile occupiers include a Tesco and a Ford main dealership.
Colchester is a sub regional centre and the principal town serving the north east Essex area, it is both a university and garrison town with a population in excess of 100,000.

The A12 provides excellent road communications and the A120 is also accessible just south of the town at Marks Tey.
From Colchester North Station there are frequent train services to London's Liverpool Street Station the fastest journey time taking 55 minutes.

Description

The property comprises a purpose built light industrial/warehouse building set towards the rear of a rectangular plot extending to 0.21 of an acre.
To the front of building there is a generous tarmac surfaced customer parking area with space for around 12 vans or cars.

The principal building is of steel portal frame construction with brick elevations and offering a minimum eaves height of approximately 4 metres. There is a covered loading area, trade counter and ancillary offices.

Accommodation

Ground Floor
Warehouse, Trade Counter
& Offices GIA 3,466 sq ft 322.0 sq m
Canopied Loading Bay 324 sq ft 30.1 sq m

First Floor
Offices GIA 232 sq ft 21.6 sq m
Mezzanine GIA 2,435 sq ft 226.3 sq m

Total 6,457 sq ft 600.1 sq m

Timing

The property is available with vacant possession from early February 2021.

Business Rates

From enquiries with the Local Rating Authority we understand that the premises are assessed as follows:

Rateable value £19,250
Approx. Rates payable (2020/2021) £ 9,625

VAT

The property is VAT elected and VAT is payable on the rent and will be payable on the purchase price.

Terms

The freehold interest in the property is available at £450,000.

Features

  • High profile trade counter style property
  • 0.21 acre site with good car parking provision
  • Long established B8 use
  • Of interest to owner occupiers and investors

Map

Call

Lewis Chambers

01206 854545
Make an enquiry

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