EVOLVE (COMMERCIAL UNITS)
COLCHESTER, ESSEX
Evolve is a new concept in flexible, affordable, self-owned and operated workspace with unit sizes from 395 sqft up to 1358 sqft. The units are designed for both start-up and investment where small businesses can flourish, grow and inter-relate as an enterprising community. The central hub of the development will be ‘The Barn’ - a two storey interior designed building offering an extensive open plan break out area for informal meeting, relaxation and social networking. Facilities within The Barn will also include a fully equipped gymnasium, showers, two boardrooms, an imposing reception and communal foyer.
Commercial units (with 1 car parking space)
Sizes from 395 sq ft to 699 sq ft prices from £125,000 to £195,000
Rental yield
8%
Completion
New and ready for immediate occupation
Lease
Virtual freehold (999 years leasehold)
Payment Terms
£2,000 reservation deposit
10% (less £2,000) on exchange of contracts 21 days from reservation
90% balance on completion
Location
  • By main road A12/A120 (Junction 29) - 2 minutes drive
  • Nearest National Rail Colchester Station - 10 minutes drive
  • Nearest amenities Colchester town centre - 16 minutes drive
Transport
  • Colchester train station - 10 minutes drive
  • Town centre - 16 minutes drive
  • Ipswich - 24 minutes drive
  • London Stanstead airport - 42 minutes drive
Benefits
  • Brand new split level ‘ready to go’ virtual freehold units
  • Virtual freehold (999 year leasehold)
  • Exempt of stamp duty and business rates
  • Benefit of placing the property in a SIPP
  • Potential for mortgage interest tax relief
  • Prime location adjacent to the A12 and Convenient for town centre amenities
Facilities
  • Fully connected service including high speed internet (1GB per second line)
  • Free parking bay with additional on-site parking
  • On-site private gym, shower facilities and refreshment station
  • Two private boardroom/business suites
Investment
  • Major benefits include a virtual freehold acquisition with no stamp duty or business rates
  • There is also potential for mortgage interest tax relief and the opportunity to place the property into a SIPP

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