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William Harris Way
Colchester CO2 8WJ
Solus Development · Retail Property For Sale · 26,078 SF
Investment Highlights
- Densely Populated Location
- On Street Parking Available Nearby
- Located on Retail Parade Within Residential Development
Executive Summary
Property comprises a four storey residential building of masonry construction, with retail space on the ground floor.
PROPERTY FACTS Sale Pending
| Unit Size | 980 SF | Building Class | B |
| No. Units | 1 | Floors | 4 |
| Total Building Size | 26,078 SF | Typical Floor Size | 4,007 SF |
| Property Type | Retail (Condo) | Year Built | 2009 |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.42 AC |
| Sale Type | Investment |
| Unit Size | 980 SF |
| No. Units | 1 |
| Total Building Size | 26,078 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Sale Type | Investment |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 4,007 SF |
| Year Built | 2009 |
| Lot Size | 0.42 AC |
1 Unit Available
Unit 7
| Unit Size | 980 SF | Sale Type | Investment |
| Condo Use | Retail | Tenure | Long Leasehold |
| Unit Size | 980 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
Description
A terrace retail shop with a large double/triple frontage with fascia board and single glazed entrance door leading into the premises which measures approximately 979 sq. ft. arranged as approximately 879 sq. ft. of retail zone A and 101 sq. ft. of retail zone B.
Sale Notes
Tenant has a 16-year lease from 21st June 2013 at a rental of £12,500 per annum exclusive. The lease is subject to 4-yearly rent reviews, with the next review due in June 2025. Our client has the long lease on the property which we are advised is 134 years in length with a ground rent payable at £197.64 per annum.
