Available
Colchester – McDonald`s, Retail Shop & 4 Flats
35/37 High Street, Colchester CO1 1DHFreehold Retail & Residential Investment
Price
OIEO £4,700,000
Rent P.A.
£230,420
Yield
4.90%
Tenure
Freehold
Lease Term
15 Years
Years Left on Lease
10y 10m
Area
11,100 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- No. 35/37 High Street comprises McDonald`s Restaurant arranged over Ground, First, Second Floor and Basement
- No. 7/7A Trinity Square Comprises Retail Shop at Ground Floor and 4 Flats at First and Second Floor (3 x 2-Bed and 1 x 1-Bed)
- McDonald`s in occupation since 1985
- Claire`s in occupation since 2009
- Town centre location opposite Colchester Town Hall, adjacent to M&S Foodhall and Tesco Express, with occupiers nearby including Trinity Shopping Centre, Lloyds Bank, Primark, Café Nero and more.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
No. 35/37 High Street comprises McDonald`s Restaurant arranged over Ground, First, Second Floor and Basement, providing the following accommodation and dimensions:
Ground Floor: 240.42 sq m (2,586 sq ft)
Kitchen, Counter, Seating Areas
First Floor: 197.96 sq m (2,130 sq ft)
Seating Areas, Ancillary, WCs
Second Floor: 86.21 sq m (928 sq ft)
Ancillary
Basement: 213.02 sq m (2,293 sq ft)
Ancillary
No. 7/7A Trinity Square comprises Retail Shop at Ground Floor and 4 x 1-Bed Flats at First and Second Floor, providing the following accommodation and dimensions:
Ground Floor: Shop 105.25 sq m (1,076 sq ft)
Open plan retail, Storage, WC
First and Second Floor: 195.00 sq m (2,097 sq ft)
3 x 2-Bed and 1 x 1-Bed Flats
Total Commercial Area: 842 sq m (9,013 sq ft)
Total Residential Area: 195 sq m (2,097 sq ft)
Ground Floor: 240.42 sq m (2,586 sq ft)
Kitchen, Counter, Seating Areas
First Floor: 197.96 sq m (2,130 sq ft)
Seating Areas, Ancillary, WCs
Second Floor: 86.21 sq m (928 sq ft)
Ancillary
Basement: 213.02 sq m (2,293 sq ft)
Ancillary
No. 7/7A Trinity Square comprises Retail Shop at Ground Floor and 4 x 1-Bed Flats at First and Second Floor, providing the following accommodation and dimensions:
Ground Floor: Shop 105.25 sq m (1,076 sq ft)
Open plan retail, Storage, WC
First and Second Floor: 195.00 sq m (2,097 sq ft)
3 x 2-Bed and 1 x 1-Bed Flats
Total Commercial Area: 842 sq m (9,013 sq ft)
Total Residential Area: 195 sq m (2,097 sq ft)
Tenancies & Accommodation
Location Description
Colchester is an attractive and historic market town in Essex, some 60 miles north-east of Central London. The property is located in the town centre, opposite Colchester Town Hall, adjacent to M&S Foodhall and Tesco Express, with occupiers nearby including Trinity Shopping Centre, Lloyds Bank, Primark, Café Nero and more.
