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Guide price
£225,000Retail property (high street) for sale
40 Osborne Street, Colchester, Essex, CO2 7DB
Auction
Reduced
Retail property (high street)
1,216 sq ft / 113 sq m
Features and description
- Tenure: Freehold
- Well Presented City Centre Retail / Office Premises
- Two storey building
- Flexible open plan ground floor space
- Two well presented first floor offices
- Rear garage / store available
- Busy and prominent position
- Suitable for various uses (STP)
FOR SALE VIA AUCTION - 26th March 2025
The property comprises a two storey building, accessed via double personnel doors to the front elevation which lead to the open plan ground floor retail / office area, with a tea point and W/C facility to the rear. A staircase to the rear of the premises leads to the first floor, which provides two spacious offices / stores / meeting rooms. The property benefits from electric heaters throughout, LED lighting, carpets and fibre broadband connection (not tested).
Externally, there is a small garage / store, which is accessed via a double personnel door (not suitable for vehicles).
Note: there is no allocated car parking to the rear, however we are advised that there is a vehicular right of way for loading / unloading into the garage / store during usual business hours.
ACCOMMODATION
[Approximate Net Internal Floor Areas]
Ground Floor 599 sq ft [55.7 sq m] approx.
First Floor 617 sq ft [57.3 sq m] approx.
Total 1,216 sq ft [113.0 sq m] approx.
(plus external garage / store - approx. 175 sq ft [16.3 sq m])
TERMS
The premises are available for sale via Auction, at a guide price of £225,000.
Please contact Auction House East Anglia on[use Contact Agent Button] for more information, or click here to view the online listing.
BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £10,750.
For rateable values below £12,000, 100% small business rates relief may be available, subject to eligibility.
Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities.
SERVICE CHARGE
We are advised that no service charge is applicable.
ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class C (56) of the energy performance assessment scale.
A full copy of the EPC assessment is available upon request.
VAT
We have been advised that VAT will not be applicable.
LEGAL COSTS
Please contact Auction House East Anglia for more information.
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering (AML) Regulations require Auction House East Anglia to formally verify prospective purchaser's identity, residence and source of funds prior to instructing solicitors.
AGENT'S NOTE
We are advised that there is an existing pedestrian right of way to the store to the rear and rear personnel door.
There is also a vehicular right of way to the store - for the avoidance of doubt, the vehicular access to the store will not
permit parking, and is reserved for loading / unloading only.
These rights of way will be restricted to usual business hours
VIEWINGS STRICTLY BY APPOINTMENT
VIA AUCTIONEERS:
Auction House East Anglia
17 Neptune Quay
Ipswich
Suffolk
IP4 1QJ
auctionhouse.co.uk/eastanglia
[use Contact Agent Button]
The property comprises a two storey building, accessed via double personnel doors to the front elevation which lead to the open plan ground floor retail / office area, with a tea point and W/C facility to the rear. A staircase to the rear of the premises leads to the first floor, which provides two spacious offices / stores / meeting rooms. The property benefits from electric heaters throughout, LED lighting, carpets and fibre broadband connection (not tested).
Externally, there is a small garage / store, which is accessed via a double personnel door (not suitable for vehicles).
Note: there is no allocated car parking to the rear, however we are advised that there is a vehicular right of way for loading / unloading into the garage / store during usual business hours.
ACCOMMODATION
[Approximate Net Internal Floor Areas]
Ground Floor 599 sq ft [55.7 sq m] approx.
First Floor 617 sq ft [57.3 sq m] approx.
Total 1,216 sq ft [113.0 sq m] approx.
(plus external garage / store - approx. 175 sq ft [16.3 sq m])
TERMS
The premises are available for sale via Auction, at a guide price of £225,000.
Please contact Auction House East Anglia on[use Contact Agent Button] for more information, or click here to view the online listing.
BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £10,750.
For rateable values below £12,000, 100% small business rates relief may be available, subject to eligibility.
Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities.
SERVICE CHARGE
We are advised that no service charge is applicable.
ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class C (56) of the energy performance assessment scale.
A full copy of the EPC assessment is available upon request.
VAT
We have been advised that VAT will not be applicable.
LEGAL COSTS
Please contact Auction House East Anglia for more information.
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering (AML) Regulations require Auction House East Anglia to formally verify prospective purchaser's identity, residence and source of funds prior to instructing solicitors.
AGENT'S NOTE
We are advised that there is an existing pedestrian right of way to the store to the rear and rear personnel door.
There is also a vehicular right of way to the store - for the avoidance of doubt, the vehicular access to the store will not
permit parking, and is reserved for loading / unloading only.
These rights of way will be restricted to usual business hours
VIEWINGS STRICTLY BY APPOINTMENT
VIA AUCTIONEERS:
Auction House East Anglia
17 Neptune Quay
Ipswich
Suffolk
IP4 1QJ
auctionhouse.co.uk/eastanglia
[use Contact Agent Button]
Property information from this agent
About this agent

Fenn Wright - Colchester Commercial Sales & Lettings
882 Colchester Business Park, The Crescent
Colchester Business Park, Colchester
CO4 9YQ
01206 988207Commercial Agency, Estate Agents and Letting Agents Our Colchester Business Park office is home to our North Essex Commercial agency team who specialise in the sale, letting and acquisition of commercial premises. The office is headed up by Michael Moody, who joined Fenn Wright alongside Jeremy Newman in 2017, following the acquisition of Newman Commercial. The focus of this office is on the sale and letting of industrial, office and retail spaces across North Essex and the provision of expert advice to support requests for formal valuations, rent reviews, strategic asset management and development decisions. Together with our commercial property valuation team, who operate out of our nearby Stanway office, Fenn Wright offer unrivalled knowledge and exposure to the commercial property market within Colchester and the surrounding area.
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