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Property Image
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To Let: £12,000 pa

Let

51 Head Street, Colchester, Essex, CO1

Property Image
Property Image
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Property Image
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  • Area

    area
    431Sq Ft

Location
The property is situated on the western edge of Colchester's town centre, positioned at the southern section of Head Street. In addition to a wide range of financial, retail and food/drinking establishments, nearby occupiers include The Royal Bank of Scotland & the Odeon Cinema.

Colchester is a strong sub-regional shopping centre with a residential population of 115,000 and a retail catchment area in the region of 220,000. Major facilities include Culver Square Shopping Centre and the Lion Walk Shopping Centre. 80% of the top 20 retailers are present in the town centre.

Description
The property comprises of a prominently located retail/office unit benefitting from a full width display window together with a return frontage to Church Walk.

The property is decorated to a high standard and is well suited to a variety of uses to include financial services, recruitment consultancy, estate agency or retail purposes.

The are additional modernised first floor offices offering 1,000 sq ft of accommodation also available, details available upon request.

Accommodation
(Approximate net internal measurements)
Retail Area Approx. 360 sq ft (33.5 sq m)
Store Approx. 61 sq ft (5.6 sq m)
Kitchen Approx. 10 sq ft (0.9 sq m)
Total Approx. 431 sq ft (40.0 sq m)

Buildings Insurance
A buildings insurance contribution is applicable. The estimate for 2020/21 is £255.00.

Business Rates
We have been informed that the rateable value is £10,750, with the property currently rated as 'Shop & Premises'.

For rateable values below £12,000, 100% rate relief may be available, subject to availability. We recommend all parties make their own direct enquiries with the local rating authority to confirm their liabilities.

Energy Performance Certificate (EPC)
We have been advised that the premises fall within class D (99) of the energy performance assessment scale.

A full copy of the EPC assessment and recommendation report is available from our office upon request.

VAT
All rents and prices are exclusive of VAT under the Finance Act 1989. Interested parties are advised to consult their professional advisors as to their liabilities, if any, in this direction.

Legal Costs
Each party will bear their own legal costs.

Anti-Money Laundering Regulations
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identify, residence and source of funds prior to instructing solicitors.

Terms
The unit is available by way of a new lease for a minimum 3 year term. Rent is approx. £12,000 per annum, payable quarterly in advance.

Viewing
Strictly by appointment via sole agents:

Fenn Wright
Tel: 01206 85 45 45
Email: colchestercommercial@fennwright.co.uk

Features

  • Prominently Located Retail / Office Unit
  • New Lease Available Immediately
  • Prominent High Street Position
  • Full Width Display Window, With a Return Frontage
  • Additional Modernised Offices Available
  • EPC Rating: D-99

Floor plan

Floorplan Image

Floorplan Image

Map

Call

Lewis Chambers

01206 854545
Make an enquiry

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