14 Church Lane, Lexden Colchester, Essex, CO3 4AF

Description

The property comprises a mixed use investment, with the entire ground floor and part first let to a veterinarian surgery, and the rear of the first floor let as two one-bed flats on the basis of two Assured Shorthold Tenancies. To the front of the building is off street parking, providing 4 spaces, and to the rear are a further three. There is also contained within the freehold a separate car park containing 8 spaces. The combined income from the property is £41,800pa exclusive of any costs.

Location

14 Church Lane is located within Lexden, a pleasant suburb to the South-West of Colchester City Centre. Colchester is a medium sized city approximately 20 miles to the North-East of Chelmsford There is excellent road access with the A12 being 5 minutes drive away. The property is on a small parade, which also features a barbershop, beauty salon, and convenience store.

Accommodation

Commercial:
Ground Floor: 1,114 sq ft (103.5 sq m)
First Floor: 579 sq ft (53.8 sq m)
TOTAL: 1,693 sq ft (157.3 sq m)

Residential:
2x 1-bed Flats.

Tenure Comments

The freehold interest of the property is available, subject to the AST lettings of the first floor apartments, at a guide price of £550,000. The ground and part first floor is let on a 15 year Lease from June 2018.

Legal Costs

Each party to be responsible for their own legal costs incurred.

Viewing

Strictly via prior appointment with sole agents Elwell Taylor )

VAT

We understand the property is not elected for VAT