Shop for sale
Features and description
- Freehold commercial investment
- Let on a 10 year lease from May 2025
- Rent of £18,000 PA rising to £21,000 in 2026
- Primary pedestrian shopping area
- Guide price - £180,000 to £200,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 10:00 am, Wednesday 10th December 2025
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 10TH DECEMBER 2025 AT 10:00AM. TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
A freehold commercial investment in a prime location
Situated in one of Colchester's busiest pedestrian shopping locations is this two storey commercial premises currently trading as a Cafe & Bar.
The property extends to 670 sq. ft. (62.24 sq. m.) on the ground floor and 445 sq. ft. (41.34 sq. m.) on the first floor and is currently let on a 10 year full repairing and insuring lease from May 2025 at a rent of £18,000 per annum rising to £21,000 per annum in November 2026.
With the annual yield representing a 10% return in relation to the low end of the Guide Price we see this as a first class investment opportunity.
Tenure: Freehold
EPC Rating: D
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1500 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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