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Octagon 27-28 Middleborough 105,337 SF 100% Leased Office Building Colchester CO1 1TG $1,687,046 ($16.02/SF)



Investment Highlights
- Impressive Three Storey Office Building
- Second Floor Storage Facilities With Goods Lift
- Easy Walking Distance To City Centre & Main Line Rail Station
- Ground & First Floor Mix Of Open Plan & Cellular Offices
- 25 Car Parking Spaces In Adjoining Multi-Story Car Park
Executive Summary
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 within the multi-storey car park to the north of Middleborough.
ACCOMMODATION
[Approximate Net Internal Floor Areas]
Ground Floor: 3,522 sq ft [327.2 sq m] approx.
First Floor: 3,579 sq ft [332.5 sq m] approx.
Total: 7,077 sq ft [657.5 sq m] approx.
The second-floor storage area provides an additional 2,338 sq ft, bringing the total gross internal area of the building to approx. 9,958 sq ft.
LOCATION
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.
TERMS
The premises are available For Sale Freehold with vacant possession at a guide price of £1,250,000 (no VAT).
BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2026, of £119,000.
We estimate that the rates payable are likely to be in the region of £57,120 per annum.
Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities.
ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class C (58) of the energy performance assessment scale.
A full copy of the EPC assessment and recommendation report is available from our office upon request.
VAT
The property is not elected for VAT.
Interested parties are advised to consult their professional advisors as to their liabilities, if any, in this direction.
LEGAL COSTS
Each party will be responsible for 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 SELLING AGENTS:
Fenn Wright
Contact:
T:[use Contact Agent Button]
E: [use Contact Agent Button]
Property Facts
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Concierge
- Courtyard
- Food Court
- Property Manager on Site
- Restaurant
- Security System
- Signage
- Kitchen
- Energy Performance Rating - C
- Atrium
- Bicycle Storage
- Central Heating
- Common Parts WC Facilities
- DDA Compliant
- Direct Elevator Exposure
- 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 Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
Affinia is the fastest growing wholly owned accounting, tax and business advisory firm in the UK, with offices in London and the South East of England focused on building stronger, more valuable relationships. Affinia is named 41 in the UK's Top 75 Accountancy Firms with over 300 years of combined sector experience. They take time to understand what matters to you, providing full service and professional expertise in a down-to-earth way. They take great pride in offering accountancy and business advisory advice designed to meet your unique business needs, meaning you can confidently make the right decision for your business, every time.
AtkinsRéalis, a world-leading design, engineering and project management organization. They connect people, data and technology to transform the world's infrastructure and energy systems. Together, with their industry partners and clients, and our global team of consultants, designers, engineers and project managers, they can change the world.
Citizens Advice is a UK charity that provides free, confidential and impartial advice across issues such as debt, benefits, housing, employment and consumer rights. Established in 1939, the organisation operates as the national body supporting a federated network of local Citizens Advice charities in England and Wales and leads research and advocacy on systemic issues. The charity’s services are delivered through digital channels, phone helplines and local bureaux, with a remit to help people find a way forward and to influence policy affecting their lives. Citizens Advice is privately held in the sense that it is a registered charity rather than a listed company, governed by a trustee board and funded through a mix of grants and contracts. The national organisation is headquartered in London and oversees strategy, standards, and large national programmes, while local members are independent charities operating under the Citizens Advice brand.
- ELLISONS LEGAL LLP
- -
- 3,125 SF
- -
- -
Originally a shipping and insurance business, Gray Dawes was founded in 1865 by Scottish entrepreneur Archibald Gray and partner Edwin Sandys Dawes. The company was established as a travel agency in 1927 and in 1958 became a subsidiary of the Inchcape Group. The company was established as a travel agency in 1927 when, in conjunction with Imperial Airways, it sold the first tickets on the commercial route from London to Cairo and Karachi. Another first was to follow in 1946 when Gray Dawes received its IATA (International Air Transport Association) ticketing licence. A management buyout in 1988 transformed Gray Dawes into one of the UK’s leading independent corporate travel agencies. Today, Gray Dawes Group is owned by Inchcape Family Estates and operates from offices in Colchester (head office) London, Jersey, Cambridge and Leamington Spa.
We are a UK-based international charity working to beat leprosy. This disease affects the most vulnerable people in the world, causing life-changing disabilities, but there is a cure.
The Ministry of Housing, Communities and Local Government is central to the mission-driven government, from fixing the foundations of an affordable home to handing power back to communities and rebuilding local governments.
MSX International (MSX) is a leading provider of technology-enabled business process outsourcing (BPO) services to OEMs in more than 80 countries. MSX’s deep automotive industry expertise combined with advanced data analytics and custom software solutions improve the performance of automotive dealership networks by increasing revenue, reducing cost and enhancing customer satisfaction. The company’s broad BPO services suite supports OEMs across Warranty and Technical, Parts and Service, Channel Management, Customer Engagement, and Fleet and Mobility. MSX employs more than 5,000 team members worldwide.
- PSH Operations Ltd
- -
- 4,158 SF
- -
- -
Towergate Underwriting, part of Geo Underwriting Services Limited, is one of the UK's leading providers of specialist insurance products. They use their underwriting experience to provide a wide range of insurance policies, including cover for niche markets that are often difficult to obtain elsewhere. However weird and wonderful they'll do their best to help you find a product to suit your clients' needs.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
- | 3,109 SF | - | - | ||
|
- | 6,550 SF | - | Jun 2016 | ||
|
- | 13,300 SF | - | - | ||
| ELLISONS LEGAL LLP | - | 3,125 SF | - | - | ||
|
- | 5,716 SF | - | Nov 2021 | ||
|
- | 13,608 SF | - | - | ||
|
- | 4,382 SF | - | Jul 2030 | ||
|
- | 7,744 SF | - | Aug 2029 | ||
| PSH Operations Ltd | - | 4,158 SF | - | - | ||
|
- | 10,192 SF | - | Mar 2016 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
*ALL INCLUSIVE RENT* The rent includes; principle rent, service charge, furniture, buildings insurance, broadband, and fair wear & tear. Available TO LET on a flexible Sub Lease basis, or on a new lease.Suite M (A) is located on the second floor with lift access via the main Octagon entrance. The suite benefits from VAV air conditioning, suspended ceilings with recessed lighting, raised access and carpeted floors. The impressive fit out includes two meeting room, two individual pods, two separate offices a kitchenette and alarge open plan area. There are 42 desks provided in the current configuration. Shared WC facilities are available on the same floor.There are 22 allocated parking spaces located within the adjoining multi-storey car park.LOCATIONThe Octagon is Colchester's landmark office building, offering approx. 100,000 sq ft of high-quality office space across four floors. Located just a short walk from the city centre and Colchester's mainline railway station, with direct services to London Liverpool Street (approx. 55 mins). The building provides over 500 parking spaces, including EV charging points, and features three 10-person passenger lifts. On-site amenities include a café which provides hot and cold beverages for tenants , shower facilities, and bike storage, along with two landscaped courtyards. Additional features include 24-hour access, a manned reception, and security systems. ACCOMMODATION [Approximate Net Internal Floor Area] Total: 4,158 sq ft [386.29 sq m] approx.TERMS The premises are available To Let by way of a sub lease (up to March 2029) or a new effective full repairing and insuring lease, with lease length, terms, to be agreed at a rent of £160,417 pax plus VAT. The rent includes; principle rent, service charge, furniture, buildings insurance, broadband, and fair wear & tear.Note: A new letting is subject to the simultaneous surrender of the existing lease.SERVICE CHARGEA service charge is levied to cover the costs of heating, air conditioning, security, reception, and cleaning / maintenance and repairs to the common parts and exterior of the building. The cost of which is included within the advertised rent.BUSINESS RATES We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £55,500. Therefore estimated rates payable of approximately £30,310 for the current year. Interested parties are advised to make their own enquiries.BUILDINGS INSURANCEThe buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant. The cost of which is included within the advertised rent.ENERGY PERFORMANCE CERTIFICATE [EPC] We have been advised that the premises fall within class D (93) of the energy performance assessment scale. A full copy of the EPC assessment is available upon request. VATVAT will be applicable on the rent and service. All rents and prices are exclusive of VAT under the Finance act 1989.LEGAL COSTSEach party will bear their own legal costs. ANTI-MONEY LAUNDERING REGULATIONS Anti-Money Laundering Regulations require Fenn Wright to formally verify a prospective tenants identity prior to the instruction of solicitors. VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE LETTING AGENTS:Fenn WrightT:[use Contact Agent Button]E: [use Contact Agent Button]
| Space | Size | Space Use | Condition | Available |
| - | 4,158 SF | Office | - | 30 Days |
-
| Size |
| 4,158 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| 30 Days |
-
| Size | 4,158 SF |
| Space Use | Office |
| Condition | - |
| Available | 30 Days |
*ALL INCLUSIVE RENT* The rent includes; principle rent, service charge, furniture, buildings insurance, broadband, and fair wear & tear. Available TO LET on a flexible Sub Lease basis, or on a new lease.Suite M (A) is located on the second floor with lift access via the main Octagon entrance. The suite benefits from VAV air conditioning, suspended ceilings with recessed lighting, raised access and carpeted floors. The impressive fit out includes two meeting room, two individual pods, two separate offices a kitchenette and alarge open plan area. There are 42 desks provided in the current configuration. Shared WC facilities are available on the same floor.There are 22 allocated parking spaces located within the adjoining multi-storey car park.LOCATIONThe Octagon is Colchester's landmark office building, offering approx. 100,000 sq ft of high-quality office space across four floors. Located just a short walk from the city centre and Colchester's mainline railway station, with direct services to London Liverpool Street (approx. 55 mins). The building provides over 500 parking spaces, including EV charging points, and features three 10-person passenger lifts. On-site amenities include a café which provides hot and cold beverages for tenants , shower facilities, and bike storage, along with two landscaped courtyards. Additional features include 24-hour access, a manned reception, and security systems. ACCOMMODATION [Approximate Net Internal Floor Area] Total: 4,158 sq ft [386.29 sq m] approx.TERMS The premises are available To Let by way of a sub lease (up to March 2029) or a new effective full repairing and insuring lease, with lease length, terms, to be agreed at a rent of £160,417 pax plus VAT. The rent includes; principle rent, service charge, furniture, buildings insurance, broadband, and fair wear & tear.Note: A new letting is subject to the simultaneous surrender of the existing lease.SERVICE CHARGEA service charge is levied to cover the costs of heating, air conditioning, security, reception, and cleaning / maintenance and repairs to the common parts and exterior of the building. The cost of which is included within the advertised rent.BUSINESS RATES We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £55,500. Therefore estimated rates payable of approximately £30,310 for the current year. Interested parties are advised to make their own enquiries.BUILDINGS INSURANCEThe buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant. The cost of which is included within the advertised rent.ENERGY PERFORMANCE CERTIFICATE [EPC] We have been advised that the premises fall within class D (93) of the energy performance assessment scale. A full copy of the EPC assessment is available upon request. VATVAT will be applicable on the rent and service. All rents and prices are exclusive of VAT under the Finance act 1989.LEGAL COSTSEach party will bear their own legal costs. ANTI-MONEY LAUNDERING REGULATIONS Anti-Money Laundering Regulations require Fenn Wright to formally verify a prospective tenants identity prior to the instruction of solicitors. VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE LETTING AGENTS:Fenn WrightT:[use Contact Agent Button]E: [use Contact Agent Button]
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Octagon | 27-28 Middleborough
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