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54 Head Street, Colchester, Essex, CO1

£575,000

£164.29 per sq ft

Business rates & charges may apply

Nicholas Percival Commercial, Colchester
SIZE AVAILABLE

3,500 sq ft

325 sq m

SECTOR

Office for sale

USE CLASSUse class orders: B1 Business and Class E

B1, E

Key features

  • City Centre Location
  • 3,500 Sq. ft. of Office
  • 4-5 Onsite Car Parking Spaces
  • Grade II* Listed Building

Description

LOCATION

Colchester is located approximately 60 miles northeast of the City of London via the A12 and 30 miles east from London Stansted Airport via the A120.

Colchester has a residential population of circa 200,000 and a catchment population in excess of 300,000. The catchment area extends over a densely populated rural area being bounded by Ipswich, approximately 18 miles to the northeast and Braintree, 16.5 miles and Chelmsford 24 miles to the west and south-east respectively. The catchment population includes Towns such as Harwich and Clacton-on-Sea which have significantly increased in size in recent years.

The City has good road connectivity being on the main A12 trunk road connecting the M25 in the south at Brentwood with the A14 at Ipswich to the north. Colchester railway station is situated approximately 0.9 miles to the north of the Property. From Colchester there are direct services to Shenfield (35 mins), London Liverpool Street (47 mins) and Stratford (50 mins).

SITUATION

The Property is situated, approximately 0.6 miles to the southeast of Colchester City Centre occupying a prominent position on the east side of Head Street with vehicular access to the rear, over a shared access with Rebow House to an onsite secure parking area. Neighbouring and nearby occupiers include H&M, Ellisons, ODEON Cinema, Zizzi's Italian Restaurant, Michaels Estate Agents, Mili Mili Bridal Shop, SpicerHaart Estate Agents and the Halifax.

DESCRIPTION

The property is an attractive, Grade II* listed building, prominently positioned along the east side of Head Street on a rectangular plot of approx. 0.09 acre (0.037 ha). Originally built in C17 as a Georgian residence with an attractive red brick front elevation added in 1774. The property served as a branch of Martins Bank from 1958 to 1998, establishing itself as an iconic landmark in Colchester during that period.

The property is provided over basement, ground, first and second floors constructed of a oak frame and plastered, roof tiled with brick single storey rear addition. The roof behind the front has 2 pairs of small hipped gables. The west front has an attractive parapet, modillioned red brick cornice, 5-window range of double hung sashes, some benefitting from secondary glazing and an attractive central entrance door to front elevation.

Internally the premises has gas central heating and lighting throughout along with multiple WC and kitchenette facilities on the ground and second floors.

Externally to the rear is parking for up to four to five cars.

ACCOMMODATION

[Approximate Net Internal Floor Areas]

Ground Floor: 1,600 sq. ft. [148.78 sq. m] approx.
First Floor: 996 sq. ft. [92.5 sq. m] approx.
Second Floor: 807 sq. ft. [75 sq. m] approx.
Cellar: TBC TBC


Total circa 3,500 sq ft [363.6 sq m] approx.

SITE

The Property is occupying a site extending to 0.037 ha (0.09 ac). Title number EX396434

The site coverage of the Property is 63.6%.

CONSERVATION AREA

The Property is situated in the "Colchester City Centre" conservation area.


TERMS

The property is available For Sale Freehold, with vacant possession, consideration will be given for the freehold sale of the property at a price of £575,000 subject to contract (no VAT).

SERVICE CHARGE

We are advised that no service charge is applicable.

BUSINESS RATES

We have made informal online enquiries of the Valuation Office Agency and no entries have been found relating to the subject Property.

Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities.

ENERGY PERFORMANCE CERTIFICATE [EPC]

The property does not currently have an EPC Certificate.

PLANNING

The premises are currently used for offices but it is understood that a change of use could be obtained to return it back into a residential use. Alternative uses, such as medical, may also be possible subject to planning permission.

The building is Grade II* listed No 116988.

Interested parties are advised to make their own enquiries.

VAT

All rents and prices are exclusive of VAT under the Finance Act 1989.

LEGAL COSTS

Each party will be responsible for their own legal costs.

ANTI-MONEY LAUNDERING REGULATIONS

Anti-Money Laundering Regulations require Nicholas Percival to formally verify prospective purchaser's identity, residence and source of funds prior to instructing solicitors.

VIEWING

Strictly by prior appointment with the sole agents, Nicholas Percival Chartered Surveyors.

REF: C5919

Brochures

54 Head Street, Colchester, Essex, CO1

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Colchester Town Station0.4 miles
  • Colchester Station0.9 miles
  • Hythe Station1.4 miles

About Nicholas Percival Commercial, Colchester

Beacon End Farmhouse London Road, Stanway, Colchester, CO3 0NQ

Nicholas Percival are well-established Estate Agents and Chartered Surveyors with over 25 years of experience selling the finest village, town and country houses in North Essex and South Suffolk

The Commercial Property Division specialises in all aspects of Sales, Lettings and Professional Advice to both Landlords & Tenants Nicholas Percival Chartered Surveyors has an established reputation for professional excellence and integrity and is regarded as one of the leading independent practices in North Essex

Commercial rent reviews and lease renewals are an opportunity for both owners and occupiers to recast their agreement in a more commercial form; they are not just a re-negotiation of the level of rent. Whether you are the landlord or tenant, when it is time for a rent review or lease renewal it is important to avail yourself with the best representation and accurate advice from a specialist commercial chartered surveyor such as those at Nicholas Percival

Nicholas Percival's Commercial Property Management division have been helping companies and individuals manage their commercial property in Essex for over 29 years.

Our specialist team are based in Colchester and have a depth of local knowledge and expertise that enables them to ensure that client's properties are successfully managed, and as a matter of course provide advice on long term strategic changes, in order to create added value and asset enhancement.

Nicholas Percival assumes full responsibility for the day to day management of your property portfolio. We will be in touch with you throughout the year and will meet you at least once a year to provide a full review of the property portfolio performance. However, our goal is to provide exactly the service you need and we are happy to tailor this approach to suit you. We understand that every company and individual have different needs and will work with you to find the right level of communication and involvement that suits you. In addition, you can rely on our team to help and advise you as and when it is required.

Our Management service covers all aspects of property management:

• Rent collection

• Accounting to the client on a monthly or quarterly basis

• Service charge collection

• Budgeting and collection service charge accounts

• Arranging buildings insurance

• Organising contracts with maintenance suppliers such as cleaners, gardeners etc.

• Health and Safety issues

• Landlord and tenant Statutory obligations

• Site visits and inspections

• Negotiating Rent Reviews & Lease Renewals

Nicholas Percival act as the principal liaison between the Landlord and Tenant at all times. All of our Management services are dealt with in accordance with the terms of the leases and any current relevant legislation and codes of practice.

In addition to our core landlord and tenant, building surveying and valuation services, we provide a variety of additional services, including:

• Independent purchase reports

• Strategy advice and reports

• Redevelopment/conversion appraisals

Notes

These notes are private, only you can see them.

Disclaimer - Property reference C5919. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Nicholas Percival Commercial, Colchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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