39a Head Street, Colchester, CO1 1NH

Location

This imposing Grade II listed building comprises a mid-terraced ground floor retail unit offering versatile open-plan space suitable for retail or office use. A personnel door featuring large shop front windows provides excellent visibility onto Head Street and allows for generous natural light.

Internally, the space is open plan and ready for tenant fit-out, with a kitchenette and WC facilities located to the rear.

The premises are well-suited to a variety of uses, including financial services, recruitment consultancy, estate agency, or retail purposes. Please note that barber use will not be considered.

LOCATION
The property is situated on the western edge of Colchester's City Centre, prominently positioned on Head Street - a busy and popular location within the City Centre. In addition to a wide range of financial, retail and food/drinking establishments, nearby occupiers include H&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).

ACCOMMODATION
[Approximate Net Internal Floor Areas]

Total 458 sq ft [42.5 sq m] approx.

TERMS
The premises are available to let on a new full repairing and insuring lease, lease length and terms to be agreed, at a rent of £14,500 per annum plus VAT, payable quarterly in advance.

BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £13,000.
For ratable values between £12,000 and £15,000 concessionary rates relief may be available subject to eligibility.

We recommend all parties make their own direct enquiries with the local rating authority.

SERVICE CHARGE
A service charge is applicable to cover the external building maintenance and buildings insurance.
The approx. cost for the current year is £405 plus VAT.

BUILDINGS INSURANCE
The landlord is responsible for arranging the buildings insurance with the cost to be recovered from the tenant. The premium for the current year is included within the service charge budget.

ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class D (87) of the energy performance assessment scale. A full copy of the EPC assessment is available upon request.

VAT
VAT will be applicable on the rent / service charge. All rents and prices are exclusive of VAT under the Finance Act 1989.

LEGAL COSTS
Each 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 Wright
T: 01206 854545
E: colchestercommercial@fennwright.co.uk

Summary

Key points

• Undergoing Light Refurbishment
• Excellent Frontage To Head Street
• Open-Plan Retail/Office Space
• Rear Storage Area & Facilities
• High Footfall Retail Area
• Suitable for a Variety of Uses (STP)
• Contact

Fenn Wright
Tel: 01206 854545
Edward Nolan
ejn@fennwright.co.uk