MapGuide price
£360,0002 bedroom apartment for sale
High Street, Colchester CO5
Apartment
2 beds
1 bath
Key information
Features and description
- 0.2 miles from Kelvedon Train Station
- Investment Opportunity
- Current passing rent £16,800 per annum exclusive*
- Commercial Tenant notice to break the lease in April 2023.
LOCATION The property is situated along Kelvedon High Street, approximately 0.2 miles from the Kelvedon station providing a direct service to London Liverpool Street, with travel times of approximately 55 minutes. Kelvedon is a popular village adjacent to the A12 dual carriageway between Colchester (10 miles to the northeast) and Chelmsford (15 miles to the southwest), offering excellent road communications to London, the M25 and the East Coast Ports.
The property is situated within the parade of retail shops along Kelvedon High Street, junction with Station Road. Notable occupiers within the parade include The One Stop, Riverside Estates, Janet C Davies Funeral Directors and China Garden Chinese Takeaway.
DESCRIPTION It is estimated the property was constructed in the 1960's of rendered brick / block on ground floor and clad elevations on first floor, under a pitched tiled roof. The property comprises a self contained ground floor retail unit currently occupied by Riverside Estates, with a self-contained, two bedroom flat on first floor.
The ground floor retail unit extends to approximately 631 sq. ft. net internal area, comprising an open plan retail area with kitchen and WC facilities to the rear, with an additional rear store. The retail area benefits from LED lights, double glazed UPVC shop front and is carpeted throughout.
The first floor flat extends to approximately 534 sq. ft. comprising two bedrooms, a living room, kitchen, bathroom and lobby. The flat is accessed via an external staircase located to the rear of the property and benefits from gas central heating, fitted kitchen.
The property benefits from 2 car parking to the rear of the property, on a first come first serve basis.
ACCOMMODATION See Accommodation table in attached Marketing Particulars
RATES / COUNCIL TAX 235 High Street, Kelvedon (Ground Floor Retail Unit) has a rateable value of £5,500, increasing to £6,600 in April 2023. Therefore occupiers may be able to achieve full business rate relief as the Rateable Value is less than £12,000.
227 High Street, Kelvedon is in band A for Council Tax purposes.
The Local Authority is Braintree District Council.
TENANCIES The ground floor retail unit is currently Let to Riverside Estates, by way of a full repairing and insuring Lease. The Tenant has exercised their break option and will terminate the Lease on 1st April 2023. The current passing rent is £7,500 per annum exclusive.
The first floor flat is Let by way of an AST, at a passing rent of £775 pcm (£9,300 per annum).
Copies of Lease agreements available upon request.
METHOD OF SALE The Freehold interest is offered For Sale by private treaty at a Guide Price of £360,000 (three hundred and sixty pounds) Subject to Contract.
VAT The property is elected for VAT.
LEGAL COSTS Each Party to be responsible for their own legal costs in respect of this transaction.
VIEWING Strictly by appointment with the Sole Agents, Nicholas Percival Chartered Surveyors.
FAO: Billy Coe or Charlie Percival
[use Contact Agent Button] / [use Contact Agent Button]
T:[use Contact Agent Button]
Ref. C.941
The property is situated within the parade of retail shops along Kelvedon High Street, junction with Station Road. Notable occupiers within the parade include The One Stop, Riverside Estates, Janet C Davies Funeral Directors and China Garden Chinese Takeaway.
DESCRIPTION It is estimated the property was constructed in the 1960's of rendered brick / block on ground floor and clad elevations on first floor, under a pitched tiled roof. The property comprises a self contained ground floor retail unit currently occupied by Riverside Estates, with a self-contained, two bedroom flat on first floor.
The ground floor retail unit extends to approximately 631 sq. ft. net internal area, comprising an open plan retail area with kitchen and WC facilities to the rear, with an additional rear store. The retail area benefits from LED lights, double glazed UPVC shop front and is carpeted throughout.
The first floor flat extends to approximately 534 sq. ft. comprising two bedrooms, a living room, kitchen, bathroom and lobby. The flat is accessed via an external staircase located to the rear of the property and benefits from gas central heating, fitted kitchen.
The property benefits from 2 car parking to the rear of the property, on a first come first serve basis.
ACCOMMODATION See Accommodation table in attached Marketing Particulars
RATES / COUNCIL TAX 235 High Street, Kelvedon (Ground Floor Retail Unit) has a rateable value of £5,500, increasing to £6,600 in April 2023. Therefore occupiers may be able to achieve full business rate relief as the Rateable Value is less than £12,000.
227 High Street, Kelvedon is in band A for Council Tax purposes.
The Local Authority is Braintree District Council.
TENANCIES The ground floor retail unit is currently Let to Riverside Estates, by way of a full repairing and insuring Lease. The Tenant has exercised their break option and will terminate the Lease on 1st April 2023. The current passing rent is £7,500 per annum exclusive.
The first floor flat is Let by way of an AST, at a passing rent of £775 pcm (£9,300 per annum).
Copies of Lease agreements available upon request.
METHOD OF SALE The Freehold interest is offered For Sale by private treaty at a Guide Price of £360,000 (three hundred and sixty pounds) Subject to Contract.
VAT The property is elected for VAT.
LEGAL COSTS Each Party to be responsible for their own legal costs in respect of this transaction.
VIEWING Strictly by appointment with the Sole Agents, Nicholas Percival Chartered Surveyors.
FAO: Billy Coe or Charlie Percival
[use Contact Agent Button] / [use Contact Agent Button]
T:[use Contact Agent Button]
Ref. C.941
Property information from this agent
About this agent
With over 30 years’ experience of the market in North Essex, Nicholas Percival has assembled a dynamic team to provide respected advice to our clients. The Practice principles are based on drive, knowledge, experience and professionalism endeavouring at all times to do the job well and treat our clients as we would like to be treated ourselves. Nick Percival qualified with King and Co (King Sturge) and joined Dencora PLC an East Anglian Property Investment and Development Company. In 1986 he commenced practice in Colchester and has been located at our current address since 1991. We have expertise in both Residential and Commercial Property, Property Management, Professional advice in respect of Rent Reviews, Valuation, Development Appraisals etc.
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