This unique freehold commercial property presents an exciting opportunity for both owner-occupiers and investors looking to capitalize in the Colchester area. The two-storey office building, known as Electra House, spans approximately 942 sq ft (87.5 sq m) and boasts a practical layout that can easily be adapted to suit diverse business needs. Currently configured with a mix of open-plan and private office spaces, including essential amenities such as a reception area, meeting room, kitchen, and WC facilities, it stands ready for immediate use or further enhancement.
Situated on Gilberd Road in a largely residential neighbourhood, the property benefits from proximity to Colchester city centre and major transport routes like the A12. This location is particularly appealing for small businesses due to its access to local amenities such as shops, cafés, and services.
Moreover, there is significant investment potential here; comparable office spaces in Colchester are achieving rents of around £13-£14 per sq ft. For those considering long-term value, the property may allow for conversion into residential units or expansion possibilities over existing areas with the appropriate planning permissions—a great way to augment its value over time.
