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Octagon 27-28 Middleborough 105,337 SF 100% Leased Office Building Colchester CO1 1TG $2,311,591 CAD ($21.94 CAD/SF)

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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

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 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

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
105,337 SF
Building Class
C
Year Built
1992
Price
$2,311,591 CAD
Price Per SF
$21.94 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
24,699 SF
Slab To Slab
11’
Building FAR
1.26
Lot Size
1.92 AC
Parking
538 Spaces (5.45 Spaces per 1,000 SF Leased)

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
  • -
  • 3,109 SF
  • -
  • -

Agissant à titre de conseillers de confiance, ils appuient les PME, les propriétaires d'entreprises et les particuliers en leur fournissant des conseils comptables, fiscaux et financiers. Leur nouvelle approche de la prestation de services de comptabilité et de conseil permet à leurs clients de se concentrer sur leurs priorités, d'économiser du temps et de l'argent et de les aider à atteindre leurs objectifs. Forte de plus de 60 ans d'expérience, leur entreprise de comptabilité et de conseil aux entreprises est maintenant une entreprise prospère et primée. D'abord un cabinet familial, ils combinent leurs racines et leur expertise en conseil pour offrir une approche personnelle aux entreprises de leurs clients. Ce sont des personnes brillantes, énergiques et pratiques qui gardent le doigt sur le pouls de l'industrie et veillent à ce que leurs clients reçoivent les meilleurs conseils à court, moyen et long terme. En tant que premiers utilisateurs des avancées des logiciels comptables qui ont façonné le paysage des affaires, ils sont chefs de file dans le domaine de la technologie infonuagique et des solutions numériques, aidant leurs clients à travailler plus intelligemment et plus efficacement.

  • -
  • 6,550 SF
  • -
  • Jun 2016

AtkinsRéalis, une organisation de premier plan dans le domaine de la conception, de l'ingénierie et de la gestion de projet. Ils relient les personnes, les données et la technologie pour transformer l'infrastructure et les systèmes énergétiques du monde entier. Ensemble, avec leurs partenaires et clients de l'industrie, et notre équipe mondiale de consultants, de concepteurs, d'ingénieurs et de gestionnaires de projet, ils peuvent changer le monde.

  • -
  • 13,300 SF
  • -
  • -

Ils sont des conseils de citoyens - le champion du peuple. Ils donnent aux gens les connaissances et la confiance dont ils ont besoin pour trouver la voie à suivre, quels qu'ils soient et quel que soit leur problème. Ils sont là pour aider tous ceux qui en ont besoin avec des conseils pratiques auxquels vous pouvez vraiment avoir confiance. Leur organisme de bienfaisance national et leur réseau d'organismes de bienfaisance locaux offrent gratuitement des conseils confidentiels en ligne, par téléphone et en personne. Ils donnent également des conseils sur les droits des consommateurs sur leur ligne d'assistance aux consommateurs, appuient les témoins devant les tribunaux par l'entremise du Service des témoins et donnent des conseils sur les régimes de retraite aux personnes de plus de 50 ans.

  • ELLISONS LEGAL LLP
  • -
  • 3,125 SF
  • -
  • -
  • -
  • 5,716 SF
  • -
  • Nov 2021

Entreprise de transport maritime et d'assurance, Gray Dawes est fondée en 1865 par l'entrepreneur écossais Archibald Gray et son associé Edwin Sandys Dawes. La société est créée en tant qu'agence de voyages en 1927 et devient en 1958 une filiale du groupe Inchcape. La compagnie devient une agence de voyages en 1927 lorsque, de concert avec Imperial Airways, elle vend les premiers billets sur la route commerciale reliant Londres au Caire et à Karachi. Une autre première devait suivre en 1946 lorsque Gray Dawes obtint sa licence de billetterie IATA (International Air Transport Association). Un rachat par la direction en 1988 fait de Gray Dawes l'une des principales agences de voyages d'affaires indépendantes du Royaume-Uni. Aujourd'hui, Gray Dawes Group appartient à Inchcape Family Estates et exerce ses activités à partir de bureaux situés à Colchester (siège social) à London, Jersey, Cambridge et Leamington Spa.

  • -
  • 13,608 SF
  • -
  • -

Nous sommes un organisme de bienfaisance international basé au Royaume-Uni qui lutte contre la lèpre. Cette maladie touche les personnes les plus vulnérables au monde, causant des incapacités qui changent la vie, mais il existe un remède.

  • -
  • 4,382 SF
  • -
  • Jul 2030

Le ministère du Logement, des Collectivités et des Gouvernements locaux joue un rôle central dans le gouvernement axé sur la mission, qu'il s'agisse de fixer les fondements d'un logement abordable, de redonner le pouvoir aux collectivités et de reconstruire les administrations locales.

  • -
  • 7,744 SF
  • -
  • Aug 2029

MSX International (MSX) est l'un des principaux fournisseurs de services d'impartition des processus opérationnels (BPO) axés sur la technologie aux équipementiers dans plus de 80 pays. L'expertise approfondie de MSX dans l'industrie automobile, combinée à des analyses de données avancées et à des solutions logicielles personnalisées, améliorent le rendement des réseaux de concessionnaires automobiles en augmentant les revenus, en réduisant les coûts et en améliorant la satisfaction de la clientèle. La vaste gamme de services BPO de la société prend en charge les équipementiers dans les domaines de la garantie et de la technique, des pièces et services, de la gestion des canaux, de l'engagement client, ainsi que de la flotte et de la mobilité. MSX emploie plus de 5 000 membres d'équipe dans le monde entier.

  • PSH Operations Ltd
  • -
  • 4,158 SF
  • -
  • -
  • -
  • 10,192 SF
  • -
  • Mar 2016

Towergate Underwriting, qui fait partie de Geo Underwriting Services Limited, est l'un des principaux fournisseurs de produits d'assurance spécialisés au Royaume-Uni. Ils utilisent leur expérience de la souscription pour offrir une vaste gamme de polices d'assurance, y compris des couvertures pour des créneaux de créneaux qui sont souvent difficiles à obtenir ailleurs. Si bizarre et merveilleux qu'ils soient, ils feront de leur mieux pour vous aider à trouver un produit qui répond aux besoins de vos clients.

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
  • -
  • 4,158 SF
  • Office
  • -
  • 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]

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]

  • Listing ID: 39551744

  • Date on Market: 2026-02-24

  • Last Updated:

  • Address: 27-28 Middleborough, Colchester CO1 1TG

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