E Class Retail Shop Former Barbers In Essex For Sale

Colchester, Essex, UK

Asking Price:: £10,000

Turnover:: Not applicable

Net Profit:: Not applicable

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E-Class/Retail Shop is ready to be brought to life by new owners as this vacant property has recently undergone a full refurbishment and was brought to market in a shell condition located in Colchester, Essex.

The property was last operated as an old barber shop and has a long history within the town; however, the property also lends itself to a variety of uses, such as a coffee shop, sandwich bar, retail or office due to the high volumes of passing trade.

Measuring approximately 400 sq. ft., the premises benefits include all new flooring, LED light fittings, doors, wall-mounted radiators and freshly painted. A new secure lease will be made available at an asking rental of £10,000 per annum.

The premises have a rateable value of £5,600, qualifying for zero business rates. We feel this is a great business opportunity for a hands-on owner-operator looking to start their own business or even a well-established brand looking to expand.

Essex and Suffolk Business Sales are delighted to be instructed as sole agents in the marketing of the property and hold keys as an early viewing is advised.

Property Information

Property:: Leasehold

Lease Terms:: We are advised that a new secure FR&I lease would be made available subject to satisfactory references, deposits and rent in advance. The current asking rental is £10,000 per annum. Please contact Essex And Suffolk Business Sales for further information.

Leasehold Rent:: £10,000 per annum

Location:: The property is located on St Botolph’s Circus in Colchester next to Colchester Town mainline station and on the road leading to the Colchester Magistrates Court. Sitting on a main roundabout you will find large car parks surround the area which is a vibrant mix of independent retailers on the adjoining Osborne Street & Queen Street in turn creating a highly enviable footfall.

Premises Details:

EXTERNAL FRONT – A ground floor terraced property with a modest sized wood framed shop front that has a good-sized glazed display window to the left-hand side of wood framed and part glazed entrance door.

SHOP – Open plan, rectangular in shape measuring approximately 400 sq. ft. the premises are clean and clear after undergoing a full redecoration programme. There is a small entrance porch area with display windows as you enter the property with a door leading into the main retail space. Towards the rear of the property the retail space gets wider. At the rear of the retail space is a door leading to the staff area with kitchen that includes eyes level and base level cabinets along with a sink unit. Within the kitchen area is a door leading to a small yard area that has the external toilet and separate storage area.