Sponsored Find a Solicitor — free quotes via ReallyMoving
6 bed detached house
Next Steps
Sponsored — free quotes via ReallyMoving
Find a Solicitor
Fast conveyancing is critical at auction — compare fees
Our Summary
- Freehold mixed-use investment opportunity in Colchester city centre
- Auctioneers Additional Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'
- This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent
- The property is being sold via a transparent online auction
- An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction
Get alerted when similar properties are listed — Subscribe
Description
The property is a freehold mixed-use investment portfolio in the heart of Colchester city centre, comprising four residential flats and three fully let commercial units across the High Street and Culver Street East locations. The residential element has two one-bedroom apartments on Culver Street East and two apartments on the High Street, including a spacious duplex apartment, all of which are separately let and income producing. The commercial units have three established businesses, occupied by a bar, wedding boutique, and comic store, all held on separate leases with established tenancies in place and generating a combined annual rental income of approximately £124,441 per annum.
The units benefit from excellent footfall, strong local amenities, and nearby transport links, with a gross yield of approximately 11.31% based on the guide price.