138 - 144 High Street - Grey Town House, Colchester, ESS

The property comprises a six storey building with ground floor retail and office accommodation above. The building totals 29,153 sq ft.
The property is located in the heart of Colchester Town Centre immediately adjacent to the Town Hall.

Sale Notes:
The investment opportunity comprises a five storey building with five retail units at ground floor and office accommodation above.
Offers in excess of £1,950,000 (One million nine hundred and fifty thousand pounds) reflecting a net initial yield of 10.39% and a capital value of £67.00 per sq ft.
Multi-let to 5 Tenants including Trillium and Countrywide Estate Agents. The building is 67% leased.
Weighted Average Unexpired Lease Term of 4.1 years to breaks and 4.2 years to expiries.
Total annual rental income of £214,375 pa.
Potential to complete regears to retail occupiers, Countrywide Estate Agents and Sequence.
Opportunity to refurbish vacant space, relet and work rents or explore alternate uses (subject to planning).