*845 sq. ft. Ground Floor Retail Unit
*82 Culver Street East, Colchester, Essex CO1 1LF
*RENT – £15,000 PAX plus VAT
*Town Centre Location
*Prominent Glazed Facade
Colchester, situated in the north of Essex, with population of approximately 104,000 and claims to be Britain's oldest recorded town, is a major commercial, retail and administrative centre and home to the University of Essex. Located approximately 50 miles north-east of London and 17 miles south west of Ipswich, along the A12 trunk road. Colchester Rail station is on the mainline to London Liverpool Street, with journey times of approximately 55 minutes.
Culver Street East is located within the heart of Colchester Town Centre, near the Red Lion Walk, Shopping Centre, a busy pedestrianised part of the town. Neighbouring businesses include Primark, Game, Poundland, St. Helena Hospice and Top Shop to name a few. Diagonally opposite 82 Culver Street East, the property formerly occupied by the East of England Co-Op is currently undergoing redevelopment to provide seven new retail / restaurant units with outside seating.
Nearby bus stops and a number of public car parks provide easy access in and out of Colchester town centre.
The property comprises a self contained, ground floor, open plan retail unit, extending to approximately 845 sq. ft. fronting Culver Street East. The property benefits from electric security shutter doors, a security alarm, heating and cooling air conditioning, laminate flooring and suspended ceilings.
£15,000 per annum exclusive plus VAT, on full repairing and insuring Lease for a term to be agreed.
We understand the property has a rateable value of £23,500. The Uniform Business Rate Multiplier for the year 2019/20 is 0.491 giving rates payable of £11,538.50. We advise interested parties to make direct enquiries with Colchester Borough Council Rates Department on 01206 282222.
The property has an Energy Performance Rating of D 79.
Strictly by prior appointment with the sole Agents Nicholas Percival Chartered Surveyors.
T: 01206 563222
Ref: C. 5339