61a & 62 High Street Colchester Essex CO1 1DN

  • 61a & 62 High Street<br>Colchester<br>Essex<br>CO1 1DN

61a & 62 High Street
Colchester
Essex
CO1 1DN

Freehold Retail Investment

  • Let to Gelatos House Limited t/a Kaspa’s until 2031 (subject to options)
  • 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
    70
  • Auction
    5th December 2018
  • Rent
    £65,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail Investment

  • Let to Gelatos House Limited t/a Kaspa’s until 2031 (subject to options)
  • 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 70
  • Auction 5th December 2018
  • Rent £65,000 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

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 double fronted ground floor retail unit with first floor ancillary accommodation.

NB: Bang & Olufsen, 61 High Street is being offered as lot 64

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 double fronted ground floor retail unit with first floor ancillary accommodation.

NB: Bang & Olufsen, 61 High Street is being offered as lot 64

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 Reviews
Ground
First		 Retail
Ancillary
357.87 sq m
153.15 sq m
(3,852 sq ft)
(1,648 sq ft)
 GELATOS HOUSE
LIMITED
guaranteed by
Kaspas Distribution
Limited
t/a Kaspa’s (1) (2)		 15 years from
05/07/2016 expiring
04/07/2031 on a full
repairing and insuring
lease (3)		 £65,000 05/07/2021
and five yearly
Total
511.02 sq m
(5,500 sq ft)
     £65,000  

(1) Kaspa’s is a chain of exciting new dessert houses that offers the world’s favourite hot and cold desserts under one roof. They currently have over 70 branches across the UK (Source: http://kaspas.co.uk 09/11/2018).
(2) The tenant guarantee is in place until 05/07/2021.
(3) The lease provides an option to determine on 05/07/2022 and 05/07/2027.

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
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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