36A - 39 Osborne Street, Colchester, Essex CO2 7DB
- PROPERTY TYPE
Retail Property (high street)
- SIZE
Ask agent
Key features
- 5 Freehold retail units
- 4 vacant and 1 producing £6,000 pa
- Some refurbishment required
- Potential rental yield of over £30,000 pa
- Fringe city centre location
- Guide price - £225,000 to £275,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 10:00 am, Wednesday 30th July 2025
Description
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 30th JULY 2025 AT 10:00AM. TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
A prime investment/refurbishment opportunity comprising five retail units
A rare opportunity to acquire the Freehold of five retail units situated on the fringe of the city centre.
One of the properties is currently leased with the remainder offering vacant possession and potential for use in a variety of trades.
A summary of what's on offer:
36A Osborne Street (327 sq. ft) - Leased until 2028 for £6,000 pa and trading as a beauty salon. Has a flying Freehold above.
37 Osborne Street (347 sq. ft) - Ground floor, requires refurbishment, vacant.
37a Osborne Street (654 sq. ft) - First floor former hairdressers, vacant.
38 Osborne Street (346 sq. ft) - Ground floor, requires refurbishment, vacant.
39 Osborne Street - (717 sq. ft) - Over 2 floors, former convenience store, vacant
It is considered that if presented in good order the combined annual rental income could readily exceed £30,000 making this an exceptional investment opportunity.
Viewing Open Viewing has been scheduled as follows:
Wed 16th July - 11.00am to 12.00pm
Tues 22nd July - 1.00pm to 2.00pm
BOOKING AN APPOINTMENT IS ESSENTIAL
Please call to confirm your attendance.
Tenure: Freehold
EPC Rating: Please refer to Legal Pack
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1440 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
36A - 39 Osborne Street, Colchester, Essex CO2 7DB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Colchester Town Station0.2 miles
- Colchester Station0.9 miles
- Hythe Station1.2 miles
About Auction House, East Anglia
The Barn Newmarket Road Cringleford Norwich NR4 6UE
Notes
Disclaimer - Property reference 202507011358sq_d4cl. 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, East Anglia. 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 Auction House, East Anglia on 01603 361653.
*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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