Sold
- Retail Property (high street)
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
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
The property comprises a mid terrace building arranged to provide a ground floor shop with first, second and third floor ancillary accommodation.
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.
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
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.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
