*Guide | £180,000 - £200,000 (plus fees)
- Shop
- Tenure: Freehold
Call the team on 01473 558 888 for more information
A freehold commercial investment in a prime location
Situated in one of Colchester's busiest pedestrian shopping locations is this two storey commercial premises currently trading as a Cafe & Bar. The property extends to 670 sq. ft. (62.24 sq. m.) on the ground floor and 445 sq. ft. (41.34 sq. m.) on the first floor and is currently let on a 10 year full repairing and insuring lease from May 2025 at a rent of £18,000 per annum rising to £21,000 per annum in November 2026. With the annual yield representing a 10% return in relation to the low end of the Guide Price we see this as a first class investment opportunity.
Tenure
Freehold
Energy Efficiency Rating (EPC)
Current Rating D
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Colchester Borough Council
Solicitors
Ellisons Solicitors (Colchester), Ref: Philip Roberts, Tel: 01206 719642
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £1500 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
