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Commercial Property for sale

7-11 High Street, Halstead, CO9

Sold STC £180,000

Property Description

Key features

  • Commercial Investment
  • Yield Exceeds 9% of Bottom Guide Price

Full description

******SOLD AT AUCTION - 30TH NOVEMBER 2016*********
Auction Guide Price £180,000 - £200,000

A First Class Commercial Investment with a strong yield and upper parts with conversion potential (subject to all necessary consents)

A First Class Commercial Investment with a strong yield and upper parts with conversion potential (subject to all necessary consents)

This terraced property is Grade II Listed and prominently located towards the top of the town's bustling High Street. Halstead is situated some 23 miles from Stansted Airport with Braintree, Sudbury and Colchester some 7,8 & 13 miles distant respectively.
The property comprises two self contained lock up retail units with full width facias together with extensive , independently accessed upper parts arranged on first floor and attic levels.


7 High Street

Approximately 428 sq.ft and a florists of some years standing trading as Fleur de Lys. A new 7 year less 1 day lease from November 2017 has been agreed at £5,000 pa plus insurance with an upward only review in 2019


7A High Street

Accessed independently from the High Street and comprises vacant first floor offices of approximately 872 sq.ft plus attic rooms. Existing fittings suggest that these may previously have been utilised for residential premises.


9-11 High Street

Extends to approximately 1575 sq.ft , a convenience store trading as Costcutter. This is held on a 15 year lease from June 2014 with a current rent of £12,000 pa plus insurance with 4 yearly upward only reviews.

With an existing yield exceeding 9% of the bottom Guide Price, we believe this to be a strong investment proposition.



Nearest station

  • Braintree (5.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Auction House Essex , Southend-on-Sea

Hillsboro, 377 Southchurch Road, Southend-On-Sea, SS1 2PQ

01702 744002 Local call rate

How much will it cost me to call the number displayed on the site?

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Nearest station

  • Braintree (5.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Auction House Essex , Southend-on-Sea

Hillsboro, 377 Southchurch Road, Southend-On-Sea, SS1 2PQ

01702 744002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference ah_essex_1440314_19446. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House Essex , Southend-on-Sea . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House Essex , Southend-on-Sea on 01702 333399.


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