High Street / Culver Street East
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High Street / Culver Street East
2 Retail Properties Offered at £2,316,335 in Colchester
Investment Highlights
- Comprises three retail units situated in a prime position on High Street, with a fourth retail unit to the rear fronting Culver Street East
- WAULT of 4.1 years to expiry and 2.1 years to break
- Colchester is a popular South East commuter city and a key commercial and retail centre located in the county of Essex
- Multi-let to the strong covenants of Santander, Paddy Power, Poundland and German Doner Kebab, producing a current rental income of £369,500 per annum
- Significant residential development potential of the upper parts, subject to vacant possession and planning
Executive Summary
Offers sought in excess of £2,890,000 (Two Million, Eight Hundred and Ninety Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect an attractive net initial yield of 12.00%, after deduction of purchaser’s costs of 6.44%, equating to a low capital value of £70 per sq ft.
Property Facts
| Price | £2,316,335 | Number of Properties | 2 |
| Price / SF | £50.65 / SF | Individually For Sale | 0 |
| Net Initial Yield | 12% | Total Building Size | 45,728 SF |
| Sale Type | Investment | Total Land Area | 0.71 AC |
| Status | Active |
| Price | £2,316,335 |
| Price / SF | £50.65 / SF |
| Net Initial Yield | 12% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 45,728 SF |
| Total Land Area | 0.71 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 84-86 Culver St E, Colchester CO1 1LF | Retail | 14,200 SF | 1989 | - |
| 48-50 High St, Colchester CO1 1DH | Retail | 31,528 SF | 1999 | - |
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High Street / Culver Street East
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