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
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

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
  • 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).

Property Documents

  • Catalogue Page
    Updated Date
    13.11.18
    File Size
    626 KB
    View PDF
  • Site Plan
    Updated Date
    13.11.18
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Howard Kennedy LLP No.1 London Bridge
London
SE1 9BG
Astrid Stanley 020 3755 5723 astrid.stanley@howardkennedy.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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