A Mid Terrace Building Arranged to Provide a Ground Floor Shop with First, Second and Third Floor Ancillary Accommodation Let to German Doner Kebab Producing £42,500 Per Annum. The Upper Parts are Vacant.

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 9,319 sq ft

Tenancy

The shop is let to German Doner Kebab for a term of 15 years commencing 10th May 2021 at a rent of £42,500 per annum. There is a break clause on 9th May 2026 and a rent review on 10th May 2026.

Energy Efficiency Rating (EPC)

Current Rating B

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

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.