Summary - THE OLD EXCHANGE, 64, WEST STOCKWELL STREET CO1 1HE
1 bed 1 bath Office
Substantial freehold office with parking and redevelopment potential in central Colchester.
Detached 5,741 sq ft office building over basement to second floor
Up to 12 on‑site car parking spaces with card‑activated barrier
City‑centre Dutch Quarter location; walking distance to mainline station
Currently let until June 2026 at £65,000 pa; tenant may vacate early
EPC E (114) — likely needs energy upgrades and retrofit insulation
Located in an area of high crime and measured deprivation — factor in security
No service charge; estimated business rates c. £25,200 pa
Potential for change of use to residential or alternative uses (subject to planning)
An imposing three‑storey former telephone exchange in Colchester city centre, offered freehold at a guide price of £1,000,000. The building provides 5,741 sq ft over basement to second floor, with up to twelve on‑site car parking spaces accessed via a secure barrier. The accommodation mixes large open‑plan floors with partitioned meeting rooms, a kitchenette, air‑conditioned communications room and basement storage — ready for an immediate occupier or redevelopment.
Practical running details are clear: gas central heating (boiler and radiators), Cat 2 recessed lighting, existing IT cabling and double glazing (pre‑2002). The premises are currently let on a full repairing and insuring lease expiring June 2026 at £65,000 pa, although the tenant has indicated an intention to vacate earlier. No service charge applies. Estimated business rates payable are around £25,200 pa; EPC band E (114) has been advised.
This property suits an investor seeking central town assets, a single occupier needing substantial floorplate, or a developer exploring change‑of‑use to residential or alternative commercial uses (subject to planning). The building has immediate income/occupation options but will require energy upgrades and some modernisation to meet contemporary office standards or to support conversion.
Material negatives are straightforward and disclosed: the EPC rating is low (E), the building sits in an area with high crime statistics and measured deprivation, and external walls are assumed cavity construction with no insulation (so retrofit will be needed for thermal performance). Prospective buyers should budget for energy improvement, reconfiguration and local authority planning enquiries.
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