21 - 23 Head Street Colchester Essex CO1 1NH

21 - 23 Head Street
Colchester
Essex
CO1 1NH

Freehold Retail and Office Investment

  • 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
    £57,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £710,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Office Investment

  • 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)
£26,500 September 2021
and September
2026
23 Ground Retail
52.60 sq m
(566 sq ft)
INDIVIDUAL (t/a
Sweet Land News)
15 years from
29/09/2014 until
28/09/2029 (3)
£18,000 29/09/2019 and
29/09/2024
  First
Second
Office
Office
111.66 sq m
35.90 sq m
(1,202 sq ft)
(386 sq ft)
OBW PERERA
LIMITED (t/a OBW
Perera Solicitors) (4)
6 years from 23/12/2013
until 22/12/2019 (5)
£12,500 23/12/2016
Totals
262.96 sq m
(2,830 sq ft)
    £57,000

(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.

Property Documents

  • Catalogue Page
    Updated Date
    21.09.16
    File Size
    547 KB
    View PDF
  • Site Plan
    Updated Date
    21.09.16
    File Size
    72 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Eversheds LLP 1 Callaghan Square
Cardiff
CF10 5BT
Gareth Jones 0845 498 7642garethjones@eversheds.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now