Two Retail Units with Office Accommodation Above Let to Solicitors
To be Part Let to Tenant Trading as Coffee Republic on New 15 Year Lease (Subject to Option)
Town Centre Location opposite Debenhams
Extensive frontage onto Head Street and Church Street
Nearby occupiers include Nandos, Odeon Cinema, H&M and Haart
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 77
Auction 13th October 2016
Rent
Status Sold
Price £710,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
19 miles south-west of Ipswich, 55 miles north-east of London, 45 miles south-east of Cambridge
Roads
A1124, A12, A134
Rail
Colchester Town Rail
Air
Southend Airport
Situation
The property, a part Grade II listed building, is situated in the town centre on the western side of Head Street, opposite Debenhams which forms part of the Culver Square Shopping Centre housing
other occupiers including Monsoon, H&M, Clarks and T K Maxx. Other nearby occupiers include Halifax, Nandos, Odeon Cinema and Hudson Bar & Restaurant.
Tenure
Freehold.
Location
Miles
19 miles south-west of Ipswich, 55 miles north-east of London, 45 miles south-east of Cambridge
Roads
A1124, A12, A134
Rail
Colchester Town Rail
Air
Southend Airport
Situation
The property, a part Grade II listed building, is situated in the town centre on the western side of Head Street, opposite Debenhams which forms part of the Culver Square Shopping Centre housing
other occupiers including Monsoon, H&M, Clarks and T K Maxx. Other nearby occupiers include Halifax, Nandos, Odeon Cinema and Hudson Bar & Restaurant.
Tenure
Freehold.
Description
The property comprises two ground floor retail units with self contained office accommodation above, accessed from Church Street.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two ground floor retail units with self contained office accommodation above, accessed from Church Street.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
21
Ground
Retail
62.80 sq m
(676 sq ft)
AMYZ LIMITED (To trade as Coffee Republic) (1)
15 years from September 2016 until September 2031 (2)
(1) Coffee Republic are one of the UK's leading coffee chains with 25 coffee bars across the UK and additional 18 international bars. (Source: www.coffeerepublic.co.uk 12/09/2016) (2) The lease is due to complete imminently and provides a tenant only option to determine on the fifth anniversary of the term. (3) The lease provides for a tenant only option to determine on 29/09/2017. (4) OBW Perera is a specialist criminal defence law practice. (Source: www.obwperera.co.uk 12/09/2016) (5) The lease provides a tenant only option to determine on 23/12/2017.