1-3 Culver Street East 2 Retail Properties Offered at £3,250,000 in Colchester
INVESTMENT HIGHLIGHTS
- Mixed use buildings
- Current rental income of £133,400 pax
- City centre location
EXECUTIVE SUMMARY
The property comprises two adjoining 18th Century buildings; Queens House which comprises of 2 Queen Street and 1 Culver Street East and Darcy House which comprises of 3/5 Culver Street East. Both pairs of buildings have been interconnected internally over time. Queens House comprises a Class E (formerly Class A3) restaurant on the ground floor / basement with six flats on the first / second floors. There is a large garden area to the rear. D’Arcy House comprises a cafe on ground floor/basement with four flats on the first and second floors.
PROPERTY FACTS
| Price | £3,250,000 |
| Price / SF | £458.78 / SF |
| Net Initial Yield | 3.40% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,084 SF |
| Total Land Area | 0.32 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1 Culver Street East, Colchester CO1 1LD | Retail | 4,872 SF | 1900 | - |
| 3 Culver St E, Colchester CO1 1LD | Retail | 2,212 SF | 1960 | - |
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