35B Sir Isaacs Walk, Colchester, Essex, CO1 1JJ
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Freehold
- Out of respect for the fully operative business that occupies the premises there will not be an opportunity to view the property in full.
Description
COMMERCIAL INVESTMENT: A FREEHOLD PROPERTY IN THE CITY CENTRE CURRENTLY LET PRODUCING AN ANNUAL INCOME OF £16,000. A 10% YIELD OF THE GUIDE PRICE
A Freehold commercial building over two floors located in the heart of the City centre. The building is currently used as an opticians and let to long standing tenants producing an annual income of £16,000 per annum. A 10% yield of the guide price.
The building is set over 2 floors and provides a total floor area of around 1,325 square foot (123 square metres)
It is considered that the property is an excellent buy to let investment due to not only the income currently generated and the credentials of the current tenant but also the busy city centre location that is considered to be in high demand will therefore be attractive for potential future tenants.
We are advised by the seller that the property is producing an annual income of £16,000 per annum.
The current lease was enacted on 18/02/2016 for a minimum period of 5 years up to 18/02/2021 and therefore is now periodic.
C
Brochures
Legal DocumentsEnergy Performance Certificates
EPC 135B Sir Isaacs Walk, Colchester, Essex, CO1 1JJ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Colchester Town Station0.3 miles
- Colchester Station0.9 miles
- Hythe Station1.3 miles
Notes
Disclaimer - Property reference 314871. 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 Auctions, 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 Auctions, 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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