10-16 Vineyard Street, Colchester, Essex, CO2 7DG
- PROPERTY TYPE
Mixed Use
- SIZE
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Key features
- Strictly by appointment with the Auctioneers
Description
FREEHOLD MIXED USE INVESTMENT: COMPRISING 5 FLATS AND 3 SHOPS ALL LET AND PRODUCING £67,302 PER ANNUM THUS A YIELD OF 10.4% AT THE GUIDE PRICE
A terraced three-storey period building comprising five flats above three shops. All tenanted and producing £67,302 per annum (excl. VAT). The property is situated in a high footfall area in close proximity to Colchester Town Rail Station.
Flat 1 1st floor 1 bedroom flat - 355 ft
Flat 2 1st floor mezzanine studio flat - 310 ft
Flat 3 1st floor mezzanine studio flat - 315 ft
Flat 4 2nd floor studio flat - 290 ft
Flat 5 2nd floor studio flat - 275 ft
No 10 Shop - 200 ft Eye Brow Bar
No 14 Shop - 410 ft Tattoo Parlour
No 16 Shop - 490 ft Hairdressers
Total rent £67,032 per annum (excl. VAT)
Flat 1 - Standard AST £775 per calendar month
Flat 2 - Standard AST £750 per calendar month
Flat 3 - Standard AST £725 per calendar month
Flat 4 - Standard AST £695 per calendar month
Flat 5 - Standard AST £695 per calendar month
No 10 Commercial - £518.92 per calendar month plus VAT commenced on 10/3/20 - Inside Act Holding over.
Service charge 11.1%
No 14 Commercial - £708.33 per calendar month plus VAT commenced on 1/12/25 - Inside Act Expires 1/12/28.
Rent review at 1/12/27.
Break clause on 1/12/27 to take effect 1/6/28.
Service charge 13%
No 16 Commercial - £718.25 per calendar month plus VAT commenced on 9/1/19 - Inside Act expires 9/7/29.
Break clause on 9/1/27 to take effect on 9/7/27.
Service charge 16.5%
Flat 1, 12 Vineyard Street - C
Flat 2, 12 Vineyard Street - C
Flat 3, 12 Vineyard Street - C
Flat 4, 12 Vineyard Street - C
Flat 5, 12 Vineyard Street - C
Commercial, 10 Vineyard Street - C
Commercial, 14 Vineyard Street - D
Commercial, 16 Vineyard Street - C
Brochures
Legal Documents10-16 Vineyard Street, Colchester, Essex, CO2 7DG
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Colchester Town Station0.1 miles
- Colchester Station1.0 miles
- Hythe Station1.1 miles
Notes
Disclaimer - Property reference 357952. 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.”