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2 bedroom commercial property for sale

Hythe Hill, Colchester, Essex

Offers in Excess of £259,995

Property Description

Key features

  • MIXED FREEHOLD INVESTMENT
  • GROUND FLOOR SHOP UNIT
  • TWO BEDROOM F/F MAISONETTE
  • GROSS INCOME 1400 P/MONTH EX
  • 6.5% YIELD
  • REAR PARKING SPACE
  • EPC - C/D

Full description

Tenure: Freehold

Boydens are pleased to bring to market this commercial investment opportunity - The property is offered freehold for sale. The ground floor is currently occupied by a trading sandwich shop business, this is let under a full repairing lease and achieving £800 PCM. The first floor consists of a two bedroom maisonette, this is currently let achieving £600 PCM. Both commercial unit and maisonette have there own independent gas heating and double glazing with side access gated drive to hard standing parking to the rear.

Colchester is Britain's oldest recorded town with Castle, Park and Wall. A thriving commerce and service centre which now replace former heavy industries. But the home of some large employers ie Colchester General Hospital, University of Essex and Woods Flakt.

Colchester North mainline station connects to London's Liverpool Street in 55 minutes. Colchester town station connects to the Hythe Station (5 minutes walk to the property) and onwards to North Station.

The Hythe area is close to the River Colne with its waterfront aspect now becoming a large residential sector with some general industries plus offices and a large Tesco's with petrol station.
Location From our office on Crouch Street proceed along Southway and onto Magdalen Street. Continue straight through to Barrack Street and onto Hythe Hill, where the property is situated in the bottom section of Hythe Hill on the right hand side.


MIXED FREEHOLD INVESTMENT
GROUND FLOOR SHOP UNIT
TWO BEDROOM F/F MAISONETTE
GROSS INCOME £1400 P/MONTH EX
6.5% YIELD
REAR PARKING SPACE
EPC - C/D


Property ref: 121_2203_2726758


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