PROPERTIES

Units A-C Peartree Road Trade Park, Colchester C03 0AB

Price£5,450,000

PDF DETAILS

Units A-C Peartree Road Trade Park, Colchester C03 0AB

  • Income£359,198
  • Yield6%
  • SectorIndustrial
  • StatusUnder Offer
PDF DETAILS

Freehold Trade Counter / Industrial Investment Opportunity

Summary

  • Located in Colchester, a prosperous town in Essex with a population of approximately 200,000.
  • Situated on Peartree Road, close to Tollgate Centre, Peartree Retail Park and other trade & leisure occupiers.
  • Freehold trade counter and industrial property providing 38,956 sq ft overall.
  • Fully let to occupiers including Ford Retail, Topps Tiles and Easy Bathrooms.
  • Rent Passing of £348,818 per annum.
  • Conservative ERV for the property of £359,198 pa.
  • Low site cover of 34% with an excellent parking provision.
  • WAULT of 9 years to expiry and 7.5 years to breaks.
  • Substantial car parking to front & rear of property
  • Potential to develop to the rear of the property subject to the relevant planning consents.
  • We are seeking offers in excess of £5,450,000, which reflects a net initial yield of 6.0%, after allowance for purchaser’s costs of 6.6%.