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
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
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.
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
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
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).