The property is situated on the western edge of Colchester's City Centre, prominently positioned at the southern section of Head Street - a busy and popular location within Colchester City Centre. In addition to a wide range of financial, retail and food/drinking establishments, nearby occupiers include H and M, Costa Coffee and Odeon Cinema.
Colchester was recently awarded City status during the Platinum Jubilee celebrations, and is the major economic centre in North Essex. Head Street benefits from excellent communication links via the A12 / A120 and is bounded by Ipswich (approx. 18 miles north east), Braintree (approx. 16.5 miles west), and Chelmsford (approx. 24 miles south east).
Colchester has a residential population of approximately 200,000, and an estimated catchment population in the order of 300,000.
The property comprises a prominently located retail / office unit benefitting from a full width display window together with a return frontage to Church Walk.
The property is well suited to a variety of uses to include financial services, recruitment consultancy, estate agency or retail purposes.
There is an additional storage unit to the rear offering between approx. 352-695 sq ft of accommodation - available by separate negotiation, further details are available upon request.
Accommodation
(Approximate net internal measurements)
TotalApprox.431 sq ft(40.0 sq m)
Terms
The unit is available to let on a new full repairing and insuring lease, lease length and terms to be agreed, at a rent of £13,250 per annum. (no VAT)
We are advised that VAT is not applicable.
Buildings Insurance
The landlord will insure the building, with the costs to be recovered from the tenant. The tenant is to responsible for their own contents and other liability insurances (including the shop front, windows and glazing).
Service Charge
We are advised that there is no service charge applicable.
Business Rates
We have been informed that the rateable value is £10,500, with the property currently rated as 'Shop and 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.
Viewing
Strictly by appointment via sole agents:
Fenn Wright
01206 85 45 45
colchestercommercial@fennwright.co.uk
( Agency Pilot Software ref: 14870335 )
