Overview
Description
RETAIL SHOP INVESTMENT – WILLIAM HARRIS WAY, COLCHESTER – 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. arranged as approximately 879 sq. ft. of retail zone A and 101 sq. ft. of retail zone B. The premises is situated in a fantastic location that is highly built up residentially, benefitting from being directly underneath a large development of flats. Our clients 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. Our client has the long lease on the property which we are advised is 134 years in length with a ground rent payable at £197.64 per annum.
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