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FOR SALEListed 14 days ago by Fenn Wright

39a Head Street, Colchester, Essex, CO1

CO1

£60,000

terraced

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Fenn Wright

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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

Listing details scraped from www.fennwright.co.uk · refreshed daily · first seen 14 days ago

Property details

Floor plan

Floor plan 1Floor plan 2
What stands outAI-generated
Cost to live here

For this £60,000 listing

£699/mo

Mortgage + estimated bills

Mortgage

£274/mo

90% LTV · 30 yr · 4.5% fixed

Council tax (est.)

£165/mo

Band D — refines at door level

Energy + bills

£260/mo

Energy + broadband + water + insurance

Stamp Duty (first-time buyer)

Nil one-off

Conveyancing + survey + removals

~£3,200 one-off

Refines once we have the door number from your quote flow.

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Mortgage

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Conveyancing

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Surveys

Level 2 + Level 3 surveys from local RICS members. Postcode-priced.

Buildings & contents

Insurance quotes — final premium needs the door number; modal prompts at quote time.

Energy & broadband

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Removals

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