Property photos
Fixed price
£325,000
(£274.49/sq. ft)
Retail premises for sale
High Street, Colchester CO11,184 sq. ft
Local area information
Property location
Nearby amenities
- St Thomas More's Catholic Primary School, Colchester 0.2 miles
- Colchester Town 0.2 miles
- St John's Green Primary School 0.3 miles
- Colchester 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Colchester to find out more about the local area.
Features and description
- Comprises ground floor retail shop with rear access
- Rent reviews linked to rpi every 5 years (uncapped)
- Town centre location with occupiers nearby including Lion Walk Shopping Centre
Investment Consideration:
Gross Initial Yield: 7.69%
Rental Income: £25,000 p.a.
VAT is applicable to this property
Comprises ground floor retail shop with rear access
Rent reviews linked to rpi every 5 years (uncapped)
Town centre location with occupiers nearby including Lion Walk Shopping Centre, Santander, Sainsburys and Primark, amongst others.
Property Description:
Comprises ground floor retail shop with rear access, providing the following accommodation and dimensions:
Ground Floor: 110 sq m (1,184 sq ft)
Open plan retail, Storage, Kitchenette, WC
Tenancy:
The property is at present let to as Rock Ltd for a term of 15 Years from 1st January 2023 at a current rent of £25,000 p.a. Uncapped rent reviews linked to rpi every 5th Years and tenant option to determine in January 2033 with min 6 months notice. Deposit held of £6,250.
Tenure:
Long Leasehold. Held on a 999 Year lease from 24th March 2015 at a ground rent of £100 p.a.
Location:
Colchester is an attractive and historic market town in Essex, some 60 miles north-east of Central London. The property is close by to Lion Walk Shopping Centre with retailers including Primark, Boots the Chemist and The Body Shop. Other nearby retailers include Santander, Sainsburys and Primark, amongst others.
Gross Initial Yield: 7.69%
Rental Income: £25,000 p.a.
VAT is applicable to this property
Comprises ground floor retail shop with rear access
Rent reviews linked to rpi every 5 years (uncapped)
Town centre location with occupiers nearby including Lion Walk Shopping Centre, Santander, Sainsburys and Primark, amongst others.
Property Description:
Comprises ground floor retail shop with rear access, providing the following accommodation and dimensions:
Ground Floor: 110 sq m (1,184 sq ft)
Open plan retail, Storage, Kitchenette, WC
Tenancy:
The property is at present let to as Rock Ltd for a term of 15 Years from 1st January 2023 at a current rent of £25,000 p.a. Uncapped rent reviews linked to rpi every 5th Years and tenant option to determine in January 2033 with min 6 months notice. Deposit held of £6,250.
Tenure:
Long Leasehold. Held on a 999 Year lease from 24th March 2015 at a ground rent of £100 p.a.
Location:
Colchester is an attractive and historic market town in Essex, some 60 miles north-east of Central London. The property is close by to Lion Walk Shopping Centre with retailers including Primark, Boots the Chemist and The Body Shop. Other nearby retailers include Santander, Sainsburys and Primark, amongst others.
More information
Listed by
Blue Alpine Partners
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