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COMMERCIAL

5 Queens Corner, High Street, West Mersea, Colchester, Essex, CO5 8RG

Guide Price
£65,000
Dedman Gray Auctions, Essex
PROPERTY TYPE

Commercial Property

SIZE

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Key features

  • Freehold
  • During normal business hours, no appointment required however the operating business will need tyo be respected and private areas of the building may not be able to accessed

Description

COMMERCIAL INVESTMENT: A FREEHOLD BUILDING CURRENTLY LET PRODUCING AN INCOME SET TO RISE TO £6000 PER ANNUM. A YIELD OF 9.2% OF THE GUIDE PRICE
A semi-detached, single storey, self contained lock up unit under a flat roof, with a WC and wash hand basin to the rear. This freehold property is located in a prominent position on one of the main routes through Mersea Island next to the SPAR, which helps with footfall from the surrounding area and primary school.
We are advised that the current rental income is £4800 per annum and is due to rise in the 2nd year to £6000 per annum.
The property subject to the existing two year tenancy.
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The total floor area is approximately 276 Square Foot (25.64 Square meters) with a WC and wash hand basin to the rear.

Brochures

Legal Documents

Energy Performance Certificates

EPC 1

5 Queens Corner, High Street, West Mersea, Colchester, Essex, CO5 8RG

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wivenhoe Station5.5 miles
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About Dedman Gray Auctions, Essex

103 The Broadway, Thorpe Bay, Essex, SS1 3HQ
Industry affiliations:

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.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 338079. 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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