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101 High Street, Colchester, Essex, CO1

Fixed Price
£325,000

£274.49 per sq ft

Business rates & charges may apply

Blue Alpine, London
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

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.

Brochures

101 High Street, Colchester, Essex, CO1

Approximate location
Open mapStreet View

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 assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

Notes

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Disclaimer - Property reference colchester101. 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 Blue Alpine, London. 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.

Map data ©OpenStreetMap contributors.

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