12-13 High Street Colchester Essex CO1 1DA

12-13 High Street
Colchester
Essex
CO1 1DA

Freehold Retail Investment

Entirely let to Waterstones Booksellers Limited
Prime High Street Location
Additional customer access from Culver Street West opposite Culver Square Shopping Centre
Nearby occupiers include Burger King, Greggs, KFC, Barclays Bank and Next

Lot
21
Auction
23rd May 2013
Rent
£65,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

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Freehold Retail Investment

Entirely let to Waterstones Booksellers Limited
Prime High Street Location
Additional customer access from Culver Street West opposite Culver Square Shopping Centre
Nearby occupiers include Burger King, Greggs, KFC, Barclays Bank and Next

Lot 21
Auction 23rd May 2013
Rent £65,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Property Information

Location

Miles: 20 miles south-west of Ipswich, 60 miles north-east of London
Roads: A12, M25, A120, M1
Rail: Colchester (direct to London Liverpool Street)
Air: Stansted International (32 miles)

Situation

The property is situated in a prominent position on the southern side of High Street within the town centre. The property benefits from additional customer access from Culver Street West, directly opposite Culver Square Shopping Centre which house retailers including H & M, Debenhams, Clarks, Costa Coffee and TK Maxx. Other nearby occupiers include Burger King, Greggs, KFC, Barclays Bank, Superdrug and Next.

Tenure

Freehold.

Location

Miles: 20 miles south-west of Ipswich, 60 miles north-east of London
Roads: A12, M25, A120, M1
Rail: Colchester (direct to London Liverpool Street)
Air: Stansted International (32 miles)

Situation

Tenure

Freehold.

Description

The property comprises retail accommodation on ground and first floors with second floor staff/storage accommodation and additional basement storage. The property also benefits from an 8 person passenger lift serving basement to first floors.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground First Second Basement	Retail Retail Storage Storage	243.87 sq m 46.82 sq m 40.18 sq m 74.32 sq m	(2,625 sq ft) (504 sq ft) (432 sq ft) (800 sq ft)	WATERSTONES BOOKSELLERS LIMITED (1)	5 years from May 2013 on a full repairing and insuring lease	£65,000	May 2018
Totals		405.19 sq m	(3,361 sq ft)			£65,000

(1) Waterstones first opened in 1982 and currently trades from nearly 300 shops. Waterstones' flagship shop on Piccadilly in London is the biggest bookshop in Europe. (Source: www.waterstones.com 26/04/2013)