Summary - 41, HEAD STREET CO1 1NH
1 bed 1 bath Retail Property (high street)
Let retail income with vacant upper floor for conversion or re-letting, subject to consents.
Freehold Grade II Listed mid-terrace in Colchester city centre
An unusual freehold high-street opportunity in central Colchester, currently producing a secure retail income and offering upstairs conversion potential. The ground floor is let to Mr Barber Limited (Brooks Barbers) on an internal repairing lease producing £12,000 pa with staged annual increases and an upward-only rent review at year five. The first floor (c. 973 sqft) is vacant and could be re-let, used by an owner-occupier, or converted subject to planning and listed building consent.
The property is Grade II Listed, sits opposite H&M on a busy retail street and benefits from strong footfall in a mixed retail and leisure neighbourhood. The combined net internal area is c. 1,401 sqft, with attractive period frontage and cellars; EPCs are C(64) ground and C(53) first floor. VAT is elected, and title is freehold.
Notable constraints are material: listed status will restrict alterations and add time/cost to any redevelopment; the tenancy contains a tenant break at year five and an internal repairing obligation for the tenant. The area records very high crime and higher deprivation indices—factors that may affect certain occupiers and insurance premiums. Prospective buyers should verify services, inspection reports, and obtain listed-building and planning advice before purchase.
Offered at a guide price of £280,000, this is a pragmatic investment for a buyer seeking a central-let retail income with short-term upside from re-letting or carefully managed conversion, provided they accept listed-building constraints and local market considerations.
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