2 West Stockwell Street, Colchester, Essex, CO1

A Grade II Listed property which provides office accommodation arranged over ground, first and second floors, with additional space at basement level.

The property benefits from heating & cooling throughout, and good levels of natural light. There are kitchenette facilities on both the ground and first floors, and W/C facilities on the first and second floors.

Externally, the property benefits from 3 allocated car parking spaces in the adjoining 'Angels Courtyard', to include 1 EV charging point.

Accommodation
(Approximate Net Internal Area):
Ground Floor Approx. 633 sq. ft (58.8 sq. m)
First Floor Approx. 519 sq. ft (48.2 sq. m)
Second Floor Approx. 522 sq. ft (48.5 sq. m)
Total Approx. 1,674 sq. ft (155.5 sq. m)

There is additional space at basement level, measuring approx. 199 sq. ft, which is not included within the measurements outlined above.

Terms
The premises are available for sale freehold with vacant possession, at a guide price of £295,000 plus VAT.

Alternatively, the office is available to let on a new full repairing and insuring lease, lease length and terms to be agreed, at a rent of £20,000 per annum (lpus VAT).

Permitted Use
We are advised that there is a restrictive covenant in place which permits only uses falling within Class A(ii) or B1(a) of the Town and Country Planning (Use Classes) Order 1987 (i.e. offices or financial / professional services). Residential uses are not permitted.

Service Charge
We are advised that there is a service charge applicable for Angel's Courtyard car park. Approx. costs for the current year are £530.

Business Rates
We have been informed that, effective 1st April 2023, the rateable value is £12,750. For rateable values between £12,000 - £15,000, concessionary rate relief may be available subject to eligibility.

We recommend all interested parties make their own enquiries direct with the local rating authority to confirm their liabilities.

Energy Performance Certificate
We have been advised that the premises fall within class E (112) of the energy performance assessment scale.

A full copy of the EPC assessment and recommendation report is available from our office upon request.

VAT
We are advised that VAT is applicable on the purchase price.

All rents and prices are exclusive are exclusive of VAT under the Finance Act 1989. Interested parties are advised to consult their professional advisors as to their liabilities, if any, in this direction.

Legal Costs
Each party will bear their own legal costs.

Anti-Money Laundering Regulations
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identity, residence and source of funds prior to instructing solicitors.

Viewings Strictly By Appointment Via Sole Agents:

Fenn Wright