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27-28 Middleborough - Octagon 9,415 sq ft Office Unit Offered at £1,250,000 in Colchester CO1 1TG
Investment Highlights
- Located on the fringe of Colchester city centre
- Parking spaces
- Approximately 200 m from the High Street and within walking distance of the mainline railway station
Executive Summary
28 Middleborough is located on the fringe of Colchester city centre, approximately 200 m from the High Street and within walking distance of the mainline railway station, with direct services to London Liverpool Street (approx. 55 mins). Situated on one of the principal routes into the city centre, the property benefits from excellent visibility and accessibility, surrounded by an established commercial area comprising offices, retail and leisure uses.
1 Unit Available
Unit 28
| Unit Size | 9,415 sq ft | Sale Type | Owner Occupier |
| Price | £1,250,000 | Tenure | Long Leasehold |
| Price Per sq ft | £132.77 | No. Parking Spaces | 25 |
| Unit Use | Office |
| Unit Size | 9,415 sq ft |
| Price | £1,250,000 |
| Price Per sq ft | £132.77 |
| Unit Use | Office |
| Sale Type | Owner Occupier |
| Tenure | Long Leasehold |
| No. Parking Spaces | 25 |
Description
The property comprises an octagonal, link-detached office building arranged over three levels. The building is of steel frame construction with brick-faced elevations and a steel-framed mansard roof. It dates from the early 1980s and originally formed part of the Royal London Insurance
headquarters complex. Internally, the ground and first floors provide a combination of open-plan and partitioned offices, meeting rooms and ancillary facilities, arranged
around a central core incorporating a staircase and a document hoist. There is also a passenger lift (to first floor only), which is not currently operational. Finishes include raised access floors, suspended ceilings with recessed lighting, air conditioning (not tested) and double-glazed windows.
The second floor is currently used solely for file storage.
Externally, the property benefits from 25 dedicated car parking spaces held on a long leasehold basis, located within the multi-storey car park to the north of Middleborough
Sale Notes
The premises are available For Sale Freehold with
vacant possession at a guide price of £1,250,000 (no
VAT).
Interior Photo
Interior Photo
Lobby
Property Facts
| Total Property Size | 105,337 sq ft | Typical Floor Size | 24,699 sq ft |
| Property Type | Office (Unit) | Year Built | 1992 |
| Costar Property Class | B | Total Plot Size | 1.92 ac |
| Floors | 4 | Parking Allocation | 5.34/1,000 sq ft |
| Total Property Size | 105,337 sq ft |
| Property Type | Office (Unit) |
| Costar Property Class | B |
| Floors | 4 |
| Typical Floor Size | 24,699 sq ft |
| Year Built | 1992 |
| Total Plot Size | 1.92 ac |
| Parking Allocation | 5.34/1,000 sq ft |
Amenities
- 24 Hour Access
- Bus Route
- Controlled Access
- Concierge
- Courtyard
- Food Court
- Property Manager on Site
- Restaurant
- Security System
- Signage
- Wheelchair Accessible
- Kitchen
- EPC - C
- Atrium
- Bicycle Storage
- Central Heating
- Common Parts WC Facilities
- DDA Compliant
- Lift Access
- Natural Light
- Food Service
- Open-Plan
- Plug & Play
- Reception
- Secure Storage
- Wi-Fi
- Yard
- Outdoor Seating
- Air Conditioning
- Fiber Optic Internet
- Raised Floor System
Major Tenant Information
| TENANT | sq ft Occupied | LEASE END DATE |
|---|---|---|
| Lepra |
13,608 sq ft
|
-
|
| Citizens Advice Bureau |
13,300 sq ft
|
-
|
| Towergate Insurance |
10,192 sq ft
|
March 2016
|
| MSX International |
7,744 sq ft
|
August 2029
|
| Atkins |
6,550 sq ft
|
June 2016
|
| Gray Dawes Group |
5,716 sq ft
|
November 2021
|
| Ministry of Housing |
4,382 sq ft
|
July 2030
|
| PSH Operations Ltd |
4,158 sq ft
|
-
|
| ELLISONS LEGAL LLP |
3,125 sq ft
|
-
|
| Affinia |
3,109 sq ft
|
-
|
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27-28 Middleborough - Octagon
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