Retail premises for sale in William Harris Way, Colchester CO2
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Property description
A terrace retail shop with a large double/triple frontage, currently let at £12,500 per annum. Ref: RX278175 - V6761E
Location
The premises is situated in a fantastic trading location that is highly built up residentially, with a large development of flats above and next door to a cafe. The premises benefits from free time-restricted parking directly to the front of the unit
Tenure
Our client has a long lease on the property with approximately 134 years unexpired, with a ground rent payable at £197.64 per annum. Our client's tenant has a 16-year lease from 21st June 2013 at a rental of £12,500 per annum exclusive. The lease is subject to 4-yearly rent reviews, with the next review due in June 2025
Premises
A terrace retail shop with a large double/triple frontage, with fascia board and single glazed entrance door leading into the premises which measures approximately 979 sq. Ft. With tiled flooring, suspended ceiling, panel lighting and is arranged as:
Retail zone A - 879 sq. Ft.
Retail zone B - 101 sq. Ft
Business Rates
The premises is subject to a rateable value of £12,000 resulting in zero business rates payable, should small business rate relief apply to a tenant
For more information about this property, please contact
Gilbert & Rose Commercial, SS9 on +44 1702 787467 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Gilbert & Rose Commercial, and do not constitute property particulars. Please contact Gilbert & Rose Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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