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6 bed property, in High Street, £990,000
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6 bed detached house

High Street, Colchester, Essex CO1
£990,000
AuctionFreehold

The property is a freehold mixed-use investment portfolio in the heart of Colchester city centre, comprising four residential flats and three fully let commercial units across the High Street and Culver Street East locations. The residential element has two one-bedroom apartments on Culver Street East and two apartments on the High Street, including a spacious duplex apartment, all of which are separately let and income producing. The commercial units have three established businesses, occupied by a bar, wedding boutique, and comic store, all held on separate leases with established tenancies in place and generating a combined annual rental income of approximately £124,441 per annum. The units benefit from excellent footfall, strong local amenities, and nearby transport links, with a gross yield of approximately 11.31% based on the guide price.