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27-28 Middleborough - Octagon 9,415 SF Office Condo Unit Offered at $1,658,045 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.
Property Facts
| Total Building Size | 105,337 SF | Typical Floor Size | 24,699 SF |
| Property Type | Office (Condo) | Year Built | 1992 |
| Building Class | B | Lot Size | 1.92 AC |
| Floors | 4 | Parking Ratio | 5.34/1,000 SF |
| Total Building Size | 105,337 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 24,699 SF |
| Year Built | 1992 |
| Lot Size | 1.92 AC |
| Parking Ratio | 5.34/1,000 SF |
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Concierge
- Courtyard
- Food Court
- Property Manager on Site
- Restaurant
- Security System
- Signage
- Wheelchair Accessible
- 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
1 Unit Available
Unit 28
| Unit Size | 9,415 SF | Sale Type | Owner User |
| Price | $1,658,045 | Tenure | Long Leasehold |
| Price Per SF | $176.11 | No. Parking Spaces | 25 |
| Condo Use | Office |
| Unit Size | 9,415 SF |
| Price | $1,658,045 |
| Price Per SF | $176.11 |
| Condo Use | Office |
| Sale Type | Owner User |
| 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
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Lepra |
13,608 SF
|
-
|
| Citizens Advice Bureau |
13,300 SF
|
-
|
| Towergate Insurance |
10,192 SF
|
March 2016
|
| MSX International |
7,744 SF
|
August 2029
|
| Atkins |
6,550 SF
|
June 2016
|
| Gray Dawes Group |
5,716 SF
|
November 2021
|
| Ministry of Housing |
4,382 SF
|
July 2030
|
| PSH Operations Ltd |
4,158 SF
|
-
|
| ELLISONS LEGAL LLP |
3,125 SF
|
-
|
| Affinia |
3,109 SF
|
-
|
Presented by
27-28 Middleborough - Octagon
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