2 St. Johns Street, Headgate, Colchester

£75,000.00 / To Let
Address: 2, St. Johns Street, Headgate, Colchester, CO2 7AA

Property Description

This impressive office building is located in Colchester, a major economic centre and the largest town in Essex.

Ground Floor, Predominantly Open Plan Offices, Heating and Cooling Air Conditioning, LED Lighting, Training Room and Meeting Rooms, WC, Shower and Kitchenette Facilities, 10 Secure Car Parking Spaces, Close to Town Centre Amenities

LOCATION
This impressive office building is located in Colchester, a major economic centre and the largest town in Essex. Situated in the north of the County, the area benefits from excellent communication links via the A12/A120.

Colchester is bounded by Ipswich approximately 18 miles to the northeast, Braintree 16.5 miles to the west and Chelmsford 24 miles to the south west.

The town has a residential population of approximately 200,000 and an estimated catchment population in the order of 300,000. The catchment population includes towns such as Harwich and Clacton on Sea to the north-east which have significantly increased in size over the last 15 years and are expected to show above average population growth over the next five years.

2 St John’s Street is prominently located at the junction of Head Street and St Johns Street in the heart of Colchester Town Centre.

The property is close to the Culver Square shopping centre, the multi-storey car parks on St John’s Street, St Marys and Nunns Road and within walking distance to the towns major facilities and amenities including public transport. The central bus station is an approximately 4 minute walk and Colchester Town railway station a 7 minute walk.

Colchester Town Station provides a regular connection to the mainline Colchester North Station which provides a fast link to London, Liverpool Street of approximately 55 minutes.

DESCRIPTION
2 St John’s Street is a substantial purpose-built office building constructed in the early 1990s comprising flexible office accommodation on ground, first and second floors. Each floor is arranged around a central atrium offering good natural lighting.

At basement level, there is a secure park accessed via an automatic gate.

The accommodation has been fitted out to a high specification incorporating a 10-person automatic passenger lift, fully accessible raised floors to main office areas, gas-fired central heating throughout, air conditioning to parts and LED lighting.

The ground floor office suite is accessed via a shared reception area from St John’s Street and benefits from 10 car parking spaces.

The current layout provides a predominantly open plan office with the added benefit of partitions, office training and boardroom facilities with built in folding partition wall, server room and meeting room.

ACCOMMODATION
Ground floor office suite - approx. 5,576 sq. ft. (518m2) IPMS3 measurements

TERMS
The premises are available to let on a new effective Full Repairing and Insuring Lease.

Lease length and terms to be agreed at a rent of £75,000 per annum exclusive, plus VAT.

OUTGOINGS
We have been informed that the rateable value is £55,000, we estimate that the rates payable are likely to be in the region of £28,000 per annum.

LEGAL COSTS
Each party will bear their own legal costs in connection with any transaction.

SERVICE CHARGE
A Service Charge is applicable to cover maintenance, repairs and cleaning of the communal parts of the building and car parking spaces. Along with heating system maintenance and gas and lift servicing/maintenance. Buildings insurance is also included.

The approximate cost for the current year (2021) equates to £20,200.

OTHER
EPC - We are advised that the premises has an Energy Performance Rating of C (67). A full copy of the EPC Assessment and Recommendation Report is available upon request.

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

T: 01206 563 222
E: info@nicholaspercival.co.uk
Ref: C3190

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