No longer on the market
This property is no longer on the market
MapRetail property (high street)
Auction
Sold STC
Retail property (high street)
Features and description
Sold for £500,000.Guide Price = £475,000+
*For Sale By Online PublicAuction 13th November 2024 10:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Mid Terrace Building Arranged to Provide a Ground Floor Shop with First, Second and Third Floor Ancillary Accommodation Let to Santander Producing £62,500 Per Annum
Tenure
Freehold
Location
The property is situated on a commercial road close to local shops and amenities. The open spaces of Castle Park are within easy reach. Nearby multiples include Tesco Express, McDonald's and HSBC. Transport links are provided by Colchester Town rail station.
Description
The property comprises a mid terrace building arranged to provide a ground floor shop with first, second and third floor ancillary accommodation.
Accommodation
Ground Floor
Retail Area
First Floor
Ancillary Accommodation
Second Floor
Ancillary Accommodation
Third Floor
Ancillary Accommodation
Total G.I.A. Approximately 8,212 sq ft
Accommodation
Tenancy
The property is let to Satander for a term of 6 years commencing 1st January 2021 at a rent of £62,500 per annum.
Note
There are no internal viewings
*For Sale By Online PublicAuction 13th November 2024 10:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Mid Terrace Building Arranged to Provide a Ground Floor Shop with First, Second and Third Floor Ancillary Accommodation Let to Santander Producing £62,500 Per Annum
Tenure
Freehold
Location
The property is situated on a commercial road close to local shops and amenities. The open spaces of Castle Park are within easy reach. Nearby multiples include Tesco Express, McDonald's and HSBC. Transport links are provided by Colchester Town rail station.
Description
The property comprises a mid terrace building arranged to provide a ground floor shop with first, second and third floor ancillary accommodation.
Accommodation
Ground Floor
Retail Area
First Floor
Ancillary Accommodation
Second Floor
Ancillary Accommodation
Third Floor
Ancillary Accommodation
Total G.I.A. Approximately 8,212 sq ft
Accommodation
Tenancy
The property is let to Satander for a term of 6 years commencing 1st January 2021 at a rent of £62,500 per annum.
Note
There are no internal viewings
About this agent
Auction House London is the largest branch of the Auction House UK brand. Auction House holds more auctions annually than any other firm of auctioneers in the UK and sold 4,957 properties throughout 2018 – over 1,000 properties more than our closest rivals. Co-founded by Andrew Binstock and Jamie Royston in 2011, Auction House London has grown year on year in its relatively short history to become one of the top 5 residential property auctioneers in the UK. We adopt a modern and dynamic approach to offering high quality auction facilities to both corporate and independent sellers and buyers. We firmly believe in the importance of extensive online marketing campaigns in addition to the traditional offline methods. Our forward thinking approach to auctions has been regularly applauded and we are very proud to be recognised as offering extremely high levels of customer service to all of our clients. With a proven track record in residential and commercial investments and property auctions, the team offers a fresh and energetic approach to their auctions, providing a quality service that achieves the right results for all parties.