101 High Street, Colchester, Essex, CO1
£274.49 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,184 sq ft
110 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: Class E
E
Key features
- 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.
- VAT is applicable to this property
Description
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.
Brochures
101 High Street, Colchester, Essex, CO1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Colchester Town Station0.2 miles
- Colchester Station0.9 miles
- Hythe Station1.1 miles
About Blue Alpine, London
54 Welbeck Street, London W1G 9XS
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can a
Notes
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