No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Guide price£325,000 | 1,216 sq ft
Added > 14 days

Retail property (high street) for sale

40 Osborne Street, Colchester, Essex, CO2 7DB
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Retail property (high street)
0 bed
0 bath
1,216 sq ft / 113 sq m

Property description & features

  • Tenure: Freehold
  • 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)
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 freehold, at a guide price of £325,000.

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
Each party will bear their own legal costs involved with the transaction.

ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering (AML) Regulations require Fenn Wright 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 SOLE LETTING AGENTS:
Fenn Wright
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Property information from this agent

Places of interest

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    Commercial 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.

    See more properties like this:

    *DISCLAIMER

    Property reference 14870469FH. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Fenn Wright - Colchester Commercial Sales & Lettings.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.