1 /5
£185,000
William Harris Way, Colchester, Colchester, Essex, CO2
- 0 beds
£185,000
- 0 beds
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Estimate monthly mortgage payment:
£845 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
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GREAT OPPORTUNITY: Castle Estate Agents are pleased to offer FOR SALE this large shop with a 134 year lease of the premises. Its a large double/triple frontage achieving ?12,500 per annum during the current lease. REF: RX278175-V6761E
The premises is situated in a fantastic trading location that is highly built up residential area, with a large development of flats above and next door to a cafe. The premises benefits from free time-restricted parking directly to the front of the unit.
Tenure
Our client has a long lease on the property with approximately 134 years unexpired, with a ground rent payable at ?197.64 per annum. Our client's tenant has a 16-year lease from 21st June 2013 at a rental of ?12,500 per annum exclusive. The lease is subject to 4-yearly rent reviews, with the next review due in June 2025.
Premises
A terrace retail shop with a large double/triple frontage, with fascia board and single glazed entrance door leading into the premises which measures approximately 979 sq. ft. with tiled flooring, suspended ceiling, panel lighting and is arranged as:
Location
The premises is located at an ideal trading location that is surrounded by residential properties, surrounded by a development of flats above and close to other commercial properties which helps with passing trade. The premises comes with parking directly to the front of the unit
Tenure
The seller has a long lease on the property with approximately 134 years which is unexpired. The Ground rent is payable at ?197.64 per annum. The current tenant has a 16 year lease from the 21st June 2013 at a rental of ?12,500 per annum exclusive. The lease is subject to a 4 year rent reviews with the next rent reviews due in June 2025
Premises
This terraced retail shop with a large double/tipple frontage, with fascia board and angle glazed entrance door leading into the premises which measures approximately 979 sq.ft. with tilled flooring, suspended ceiling, panel lighting and is arranged as:
Retail Zone A: 879 SQ.FT.
Retails Zone B: 101 sq.ft.
Business Rates
The premises is subject to a rateable value of ?12,000 resulting in ZERO BUSINESS RATES PAYABLE, should small business rates relief apply to the tenant.
The premises is situated in a fantastic trading location that is highly built up residential area, with a large development of flats above and next door to a cafe. The premises benefits from free time-restricted parking directly to the front of the unit.
Tenure
Our client has a long lease on the property with approximately 134 years unexpired, with a ground rent payable at ?197.64 per annum. Our client's tenant has a 16-year lease from 21st June 2013 at a rental of ?12,500 per annum exclusive. The lease is subject to 4-yearly rent reviews, with the next review due in June 2025.
Premises
A terrace retail shop with a large double/triple frontage, with fascia board and single glazed entrance door leading into the premises which measures approximately 979 sq. ft. with tiled flooring, suspended ceiling, panel lighting and is arranged as:
Location
The premises is located at an ideal trading location that is surrounded by residential properties, surrounded by a development of flats above and close to other commercial properties which helps with passing trade. The premises comes with parking directly to the front of the unit
Tenure
The seller has a long lease on the property with approximately 134 years which is unexpired. The Ground rent is payable at ?197.64 per annum. The current tenant has a 16 year lease from the 21st June 2013 at a rental of ?12,500 per annum exclusive. The lease is subject to a 4 year rent reviews with the next rent reviews due in June 2025
Premises
This terraced retail shop with a large double/tipple frontage, with fascia board and angle glazed entrance door leading into the premises which measures approximately 979 sq.ft. with tilled flooring, suspended ceiling, panel lighting and is arranged as:
Retail Zone A: 879 SQ.FT.
Retails Zone B: 101 sq.ft.
Business Rates
The premises is subject to a rateable value of ?12,000 resulting in ZERO BUSINESS RATES PAYABLE, should small business rates relief apply to the tenant.
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£845 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
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