1 Middleborough, Colchester, Essex, CO1 1QS
- PROPERTY TYPE
Mixed Use
- BEDROOMS
4
- SIZE
Ask agent
Key features
- Freehold
- By appointment with the auctioneers
Description
MIXED USE INVESTMENT: A FREEHOLD BUILDING WITH CAR PARK IN THE TOWN CENTRE FULLY LET AND PRODUCING AN ANNUAL INCOME OF AROUND £34,000 PER ANNUM
A freehold building consisting of a commercial unit and x 2 two bedroom apartments producing an annual income of around £34,000 per annum. Each apartment boasts an open plan living room/ kitchen, 2 bedrooms, bathroom and off street parking. Located in North Hill in Colchester, this mixed use investment is conveniently situated close to transport links, shops and local amenities.
Ground Floor Commercial (Kebab Shop) - Approx 76 Sq.M
First Floor Flat A -
Open Plan Living Room/ Kitchen - 14'9 x 11'5
Bathroom - 6'8 x 5'5
Bedroom One - 11'9 x 10'4
Bedroom Two - 12'1 x 8'2 Max
Balcony - 14.4' 11'7
Second Floor Flat B -
Open Plan Living Room/ Kitchen - 19'2 x 11'9
Bathroom - 6'8 x 5'8
Bedroom One - 12'4 x 9'3
Bedroom Two - 9'6 x 6'6
We have been advised by the seller that the property is achieving the below income. For full details relating to the rental income and other tenancy information please refer to the individual agreements within the legal pack.
Ground Floor Commercial- £1,200 PCM (£14,400 Per Annum)
First Floor Flat A- 830 PCM (£9,960 Per Annum)
Second Floor Flat B- 800 PCM (£9,600 Per Annum)
Kebab Shop - C
Flat A - Awaiting EPC
Flat B - Awaiting EPC
Brochures
Legal Documents1 Middleborough, Colchester, Essex, CO1 1QS
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Colchester Town Station0.5 miles
- Colchester Station0.6 miles
- Hythe Station1.4 miles
About the agent
Dedman Gray Auction Ltd are based in Thorpe Bay in Southend on Sea, Essex and are firmly established as one of the top 20 UK national auctioneers, holding regular land and property auctions.
Buying or selling land and property at auction is ideal if you wish to remove the uncertainties of the normal selling process. A sale by public auction demonstrates the best possible price has been obtained taking into consideration market conditions and the position and repair of the property. Dedm
Industry affiliations
Notes
Disclaimer - Property reference 165169. 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 Dedman Gray Auction, Essex. 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.
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 Dedman Gray Auction, Essex on 01702 311010.
*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.
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