41 Head Street, Colchester, Essex, CO1 1NH

LOCATION
Colchester, one of the UK´s fastest-growing cities, is located approximately 60 miles northeast of London, accessible via the A12, and 30 miles east of London Stansted Airport via the A120. Renowned for its rich history and thriving commercial hub, Colchester offers excellent transport links, including regular train services to London Liverpool St. (circa 50 minutes).

41 Head Street occupies a prominent position in Colchester´s bustling city centre, perpendicular to the High Street and opposite the flagship H&M store. The street is a dynamic mix of national and independent retailers, professional services, and leisure amenities, including the nearby Odeon Cinema, making it a highly sought-after location for businesses and investors.

DESCRIPTION
OVERVIEW

An exceptional opportunity to acquire a Grade II Listed, mixed-use freehold property in the heart of Colchester City Centre, comprising a tenanted ground floor retail unit generating a secure rental income and vacant first floor offices with development/conversion potential, subject to planning permission and listed building consent.

Current Income:
£12,000 per annum (increasing annually) from the ground floor retail unit trading as Brooks Barbers Shop.

Vacant Offices:
First floor office space offering flexibility for owner-occupation, letting, or redevelopment (subject to planning and listed building consent).

Prime Location:
Situated on Head Street, a vibrant city centre location opposite H&M, adjacent to High Street, and surrounded by a mix of retail,
leisure, and professional businesses.

DESCRIPTION

41 Head Street is an attractive, Grade II Listed, late 18th-century property featuring a distinguished grey gault brick parapet façade, two storeys, and cellars, topped with a tiled roof. The frontage includes a modern glazed shopfront on the ground floor, complemented by period features such as a shallow bow three-light window with double-hung sashes and glazing bars above the retail unit, and an oriel window above an archway and Entrance to Headgate Court at the south end of the front. The property is subdivided into two distinct elements:

Ground Floor Retail (Tenanted):
A well-presented retail unit let to Mr Barber Limited, trading as Brooker Barber Shop, extending to a Net Internal Area (NIA)
of approximately 428 sqft (39.76 sqm). The unit benefits from excellent visibility and footfall in this prime city centre location.

First Floor Offices (Vacant):
Accessed via a dedicated side/rear entrance with an internal hallway and staircase, the first floor comprises four well-proportioned office rooms and a WC facility, with a total NIA of approximately 973 sqft (90.39 sqm) Previously occupied by Ellisons Solicitors, this space offers flexibility for immediate letting, owner-occupation, or potential conversion/redevelopment, subject to planning permission and listed building consent.

TENANCY DETAILS

Ground Floor :

-Tenant: Mr Barber Limited (t/a Brooks Barbers).
- Lease Term: 10 years from 1st September 2025,with a tenant-only break option at year 5.
- Rent: £12,000 per annum (Year 1), increasing annually to £12,500 (Year 2), £13,000 (Year 3), £13,500 (Year 4), and £14,000 (Year 5).
- Rent Review: Upwards-only at year 5.
- Terms: Internal repairing lease with a fair proportion service charge for the upkeep of external areas.

First Floor Offices:

Currently vacant, offering immediate availability for letting or owner-occupation. The space presents significant potential for alternative uses, such as residential conversion, subject to obtaining necessary planning and listed building consents.

SERVICES
The property is understood to be connected to all mains services, including water, drainage, gas, and electricity. Interested parties
should verify service availability independently.

TERMS
Terms of Sale: The property is offered for sale freehold, subject to the existing ground floor lease and vacant possession of the first floor offices.

Guide Price: £280,000 Subject to Contract (Freehold)

Title Number: EX719786 Freehold

OUTGOINGS
Ground Floor (41 Head Street): Rateable Value £10,750

First Floor Offices (41 Head Street): Rateable Value £8,500.

Prospective purchasers are advised to confirm rates payable with Colchester City Council.

VAT
The property is elected for VAT.

LEGAL COSTS
Each party is responsible for their own legal costs. The successful purchaser will undertake to cover the freeholder´s reasonable
legal fees if the sale does not proceed to exchange and completion within an agreed timeframe.

PLANNING
The property has established use for retail (ground floor) and office (first floor) purposes and is Grade II Listed, reflecting its historical and architectural significance. The vacant first floor offers potential for alternative uses, such as residential conversion, subject to obtaining necessary planning and listed building consents. Interested parties should make their own enquiries with Colchester City Council.

Local Authority - Colchester City Council - Website:

OTHER
EPC

Ground Floor Retail: C(64)

First Floor Offices: C(53)

Anti-Money Laundering (AML) Compliance:

Upon acceptance of an offer (subject to contract), the purchaser must provide proof of identity, residence, and source of funds
to comply with Anti-Money Laundering legislation before the transaction can proceed.


REF: C5932

VIEWING
Strictly by appointment through the sole agents, Nicholas Percival.