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19589312_258389147
19589312_258389148
19589312_258389149
19589312_258389150
19589312_258389151
19589312_258389153
800x800@2x

Kingsway, West Mersea, Colchester, CO5 8TH

£300,000

Property
Other

Mixed-Use Investment Property – Commercial Units with Flats Above An attractive mixed-use investment opportunity comprising four ground-floor commercial units with residential flats above, arranged as Numbers 3-7. The property provides a combination of secure income, long-term residential leases, and future potential.

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At a glance...

  • Mixed-use parade with multiple income streams
  • Vacant unit offering asset management potential
19589312_258389147
19589312_258389148
19589312_258389149
19589312_258389150
19589312_258389151
19589312_258389153
800x800@2x

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Description

Mixed-Use Investment Property – Commercial Units with Flats Above An attractive mixed-use investment opportunity comprising four ground-floor commercial units with residential flats above, arranged as Numbers 3-7. The property provides a combination of secure income, long-term residential leases, and future potential. Commercial Units Number 3 – Vacant Retail Unit Large ground-floor shop unit, never fitted out, measuring approximately 50 ft frontage x 40 ft deep. Currently vacant, offering immediate letting or redevelopment potential (subject to planning). Four flats above, all let on long-term leases. Numbers 4 & 5 – Pharmacy Occupied as a single unit with approximately 25 ft frontage. Let at £10,400 per annum. Two flats above on long-term leases. Number 6 – Chiropodist Approxi...
Mixed-Use Investment Property – Commercial Units with Flats Above An attractive mixed-use investment opportunity comprising four ground-floor commercial units with residential flats above, arranged as Numbers 3-7. The property provides a combination of secure income, long-term residential leases, and future potential. Commercial Units Number 3 – Vacant Retail Unit Large ground-floor shop unit, never fitted out, measuring approximately 50 ft frontage x 40 ft deep. Currently vacant, offering immediate letting or redevelopment potential (subject to planning). Four flats above, all let on long-term leases. Numbers 4 & 5 – Pharmacy Occupied as a single unit with approximately 25 ft frontage. Let at £10,400 per annum. Two flats above on long-term leases. Number 6 – Chiropodist Approximate frontage of 12 ft 6 inches. Let at £9,520 per annum. Lease expires 25th March 2026. One flat above on a long-term lease. Number 7 – Dog Grooming Business Approximate frontage of 12 ft 6 inches. Let at £6,320 per annum. One flat above on a long-term lease. Residential Accommodation Eight flats in total, all held on long-term leases. Ground rents currently £300 per annum, rising to £400 in March 2030 and £500 from March 2040 (where applicable). Parking 9 allocated parking spaces at the rear reserved for flat residents (as per original planning permission). Additional parking available on a first-come, first-served basis. Front parking currently in use; any redevelopment would be subject to planning consent.

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