40 Osborne Street, Colchester, Essex, CO2 7DB

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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