43 and 43a Head Street, Colchester
£108.91 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
4,132 sq ft
384 sq m
- SECTOR
Office for sale
Description
LOCATION
The City of Colchester is located approximately 60 miles northeast of London via the A12 and 30 miles east from London Stansted Airport via the A120. The property is situated in the City Centre of Colchester in Head Street, which is a street perpendicular to the High Street, opposite H&M. The Street is mostly occupied by a mix of retail, together with the Odeon Cinema.
DESCRIPTION
43 Head Street is an attractive property with a glazed frontage of approximately 47 feet to Head Street. The property has been sub divided into two parts. 43 Head Street is arranged as offices occupied by Ellisons. 43a Head Street is a convenience store which is self contained.
43 Head Street comprises ground floor offices with meeting rooms benefiting from air conditioning and suspended ceilings. The first floor used as offices, benefiting in part from air conditioning and gas fired central heating.
Tenancies
The whole property is let to Ellisons Solicitors on a Full Repairing and Insuring Lease with a current rent passing of £58,000 per annum, holding over from 2016.
A Sublease to 43a Head Street holding over to Shwan Alsulayman. A copy of the lease´s are available upon request.
Ellisons, has been established for circa 260 years and is a top 200 UK law firm.
ACCOMMODATION
Approximate Net Internal Floor Area
43 Head Street
Ground Floor (offices) 1,435 sq ft ( 133.32 sq m )
First Floor (offices) 1,391 sq ft ( 129.23 sq m )
Basement (storage) 580 sq ft ( 53.88 sq m )
43a Head street (shop) 726 sq ft ( 67.45 sq m )
Total 4,132 sq ft ( 383.88 sq m )
The total site area measures approximately 0.076 of an acre
SERVICES
We understand that all mains services of water, drainage, gas and electricity are connected to the property.
TERMS
The property is available For Sale Freehold, subject to the existing Lease and Sublease.
Guide price of £450,000
OUTGOINGS
43a Head Street has a rateable value £21,250.
43 Head Street, will require reassessment.
VAT
The property is elected for VAT.
LEGAL COSTS
Each party will be responsible for their own legal costs.
PLANNING
We understand the site has an established use for a shop and offices. Interested parties are to rely on their own enquiries with the Local Authority.
Local Authority
Colchester City Council
OTHER
Anti-Money Laundering Regulations require Nicholas Percival to formally verify prospective purchaser´s identity, residence and source of funds prior to instructing solicitors.
REF:C5941
VIEWING
Strictly by prior appointment with the sole agents, Nicholas Percival Chartered Surveyors.
Nicholas Percival FRICS
Ollie Percival
Brochures
43 and 43a Head Street, Colchester
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Colchester Town Station0.4 miles
- Colchester Station0.8 miles
- Hythe Station1.4 miles
About Nicholas Percival Commercial, Colchester
Beacon End Farmhouse London Road, Stanway, Colchester, CO3 0NQNotes
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