61 High Street Colchester Essex CO1 1DN

61 High Street
Colchester
Essex
CO1 1DN

Freehold Retail Investment

Let to Intelligent AV Solutions Limited (t/a Bang & Olufson) until 2022
Located within popular university town
Town centre location close to Culver Square and Priory Walk Shopping Centres
Nearby occupiers include Sainsbury’s, WHSmith, Debenhams and Chanel

Lot
64
Auction
5th December 2018
Rent
£30,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Important Update Interested?

Expand
Photos
Map

Freehold Retail Investment

Let to Intelligent AV Solutions Limited (t/a Bang & Olufson) until 2022
Located within popular university town
Town centre location close to Culver Square and Priory Walk Shopping Centres
Nearby occupiers include Sainsbury’s, WHSmith, Debenhams and Chanel

Lot 64
Auction 5th December 2018
Rent £30,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 20 miles south-west of Ipswich; 24 miles north-east of Chelmsford
Roads: A12, A120, A133, M11, M25
Rail: Colchester Railway Station
Air: London Stansted Airport

Situation

Colchester is a popular university and historic town located 20 miles south-west of Ipswich. The property is located in a prominent position, fronting High Street in the heart of Colchester town centre. Culver Square and Priory Walk Shopping Centres are located close by, with retailers including Sainsbury’s, WHSmith, Debenhams, Chanel, JD Sports, H&M, Topshop and TK Maxx.

Tenure

Freehold.

Location

Miles: 20 miles south-west of Ipswich; 24 miles north-east of Chelmsford
Roads: A12, A120, A133, M11, M25
Rail: Colchester Railway Station
Air: London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with first floor ancillary accommodation. There is a a small yard to the side of the property.

NB: Kaspa’s, 61a and 62 High Street is being offered as lot 70.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground First	Retail Ancillary	54.60 sq m 145.87 sq m	(587 sq ft) (1,570 sq ft)	INTELLIGENT AV SOLUTIONS LIMITED t/a Bang & Olufson (1)	10 years from 13/09/2012 on a full repairing and insuring lease	£30,000	12/09/2022
Yard	Seating Area	-	(-)	CALICO PROPERTIES (ESSEX) LIMITED	Lease of easement for 20 years from 10/02/2017	Peppercorn	09/02/2037
Total		200.47 sq m	(2,157 sq ft)			£30,000

(1) Bang & Olufson is one of the world’s most iconic audio-visual brands, and has been leading the way in design, technology, and innovation for more than 90 years. They have an independent network of retail partners at more than 700 stores worldwide (Source: www.bang-olufsen.com).