30 Jun Slice of Colchester High Street up for sale
A prominent retail and residential freehold at 35-37 High Street in Colchester is to be sold at the Acuitus commercial property auction in July with a guide of £2.1m-£2.2m.
The property comprises of a substantial unit fronting the High Street arranged over ground, lower ground, first and second floors, which is currently let to McDonald’s. To the rear, fronting Trinity Square, is a separate retail unit occupied by Claire’s Accessories together with four self-contained flats on the upper two floors. Altogether, the property generates £232,760 in annual rental income.
Charlie Powter of Acuitus comments: “The property offers investors a chance to purchase a slice of Colchester’s retail centre, with two long term tenants in occupation, and additional income in the form of assured shorthold tenancies in the flats above”.
A retail parade in Ipswich, Suffolk is also on offer at the Acuitus auction with a guide price of £1.7m.
The Acuitus auction will take place on Thursday July 13th at 2pm. It will be broadcast via livestream on the Acuitus website and offers online, telephone and proxy bidding.
