Features
- MIXED USE INVESTMENT
- VETERINARY SURGERY WITH 7.5 YEAR UNEXPIRED LEASE TERM
- 2 FLATS LET ON AST'S
- PLENTIFUL CAR PARKING
FULL DESCRIPTION
Description
The property comprises a mixed use investment, with the entire ground floor and part first let to a veterinarian surgery, and the rear of the first floor let as two one-bed flats on the basis of two Assured Shorthold Tenancies. To the front of the building is off street parking, providing 4 spaces, and to the rear are a further three. There is also contained within the freehold a separate car park containing 8 spaces. The combined income from the property is ?41,800pa exclusive of any costs.
Location
14 Church Lane is located within Lexden, a pleasant suburb to the South-West of Colchester City Centre. Colchester is a medium sized city approximately 20 miles to the North-East of Chelmsford There is excellent road access with the A12 being 5 minutes drive away. The property is on a small parade, which also features a barbershop, beauty salon, and convenience store.
Accommodation
Commercial:
Ground Floor: 1,114 sq ft (103.5 sq m)
First Floor: 579 sq ft (53.8 sq
Description
The property comprises a mixed use investment, with the entire ground floor and part first let to a veterinarian surgery, and the rear of the first floor let as two one-bed flats on the basis of two Assured Shorthold Tenancies. To the front of the building is off street parking, providing 4 spaces, and to the rear are a further three. There is also contained within the freehold a separate car park containing 8 spaces. The combined income from the property is ?41,800pa exclusive of any costs.
Location
14 Church Lane is located within Lexden, a pleasant suburb to the South-West of Colchester City Centre. Colchester is a medium sized city approximately 20 miles to the North-East of Chelmsford There is excellent road access with the A12 being 5 minutes drive away. The property is on a small parade, which also features a barbershop, beauty salon, and convenience store.
Accommodation
Commercial: Ground Floor: 1,114 sq ft (103.5 sq m) First Floor: 579 sq ft (53.8 sq m) TOTAL: 1,693 sq ft (157.3 sq m) Residential: 2x 1-bed Flats.
Tenure Comments
The freehold interest of the property is available, subject to the AST lettings of the first floor apartments, at a guide price of ?550,000. The ground and part first floor is let on a 15 year Lease from June 2018.
Legal Costs
Each party to be responsible for their own legal costs incurred.
Viewing
Strictly via prior appointment with sole agents Elwell Taylor (01245 266088)
VAT
We understand the property is not elected for VAT
Viewing
Please contact us on 01245 266088 if you wish to arrange a viewing appointment for this property, or require further information.
Disclaimer
Elwell Taylor endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.
Description
The property comprises a mixed use investment, with the entire ground floor and part first let to a veterinarian surgery, and the rear of the first floor let as two one-bed flats on the basis of two Assured Shorthold Tenancies. To the front of the building is off street parking, providing 4 spaces, and to the rear are a further three. There is also contained within the freehold a separate car park containing 8 spaces. The combined income from the property is ?41,800pa exclusive of any costs.
Location
14 Church Lane is located within Lexden, a pleasant suburb to the South-West of Colchester City Centre. Colchester is a medium sized city approximately 20 miles to the North-East of Chelmsford There is excellent road access with the A12 being 5 minutes drive away. The property is on a small parade, which also features a barbershop, beauty salon, and convenience store.
Accommodation
Commercial: Ground Floor: 1,114 sq ft (103.5 sq m) First Floor: 579 sq ft (53.8 sq m) TOTAL: 1,693 sq ft (157.3 sq m) Residential: 2x 1-bed Flats.
Tenure Comments
The freehold interest of the property is available, subject to the AST lettings of the first floor apartments, at a guide price of ?550,000. The ground and part first floor is let on a 15 year Lease from June 2018.
Legal Costs
Each party to be responsible for their own legal costs incurred.
Viewing
Strictly via prior appointment with sole agents Elwell Taylor (01245 266088)
VAT
We understand the property is not elected for VAT
Viewing
Please contact us on 01245 266088 if you wish to arrange a viewing appointment for this property, or require further information.
Disclaimer
Elwell Taylor endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.