Centurion & Mercantile House
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Centurion & Mercantile House
3 Retail Properties Offered at $3,377,871 in Colchester
Investment Highlights
- Freehold multi-let mixed-use investment opportunity in the heart of Colchester town centre
- Current total passing income of £260,320 per annum. Potential to add value by converting the upper parts (STPP)
- Offers are invited in excess of £2,700,000, which represents an approximate gross yield of 9.64% on the current passing rent
- Comprising of 12 x retail units, 4 x self-contained flats and 3 x office units all of which are currently occupied
- Approximately 0.4 miles from Colchester Town station and 1 mile from Colchester train station, both of which provide a direct route to Liverpool
- The property is situated in the heart of Colchester town centre fronting onto both St John’s Walk and Sir Isaac’s Walk
Executive Summary
The property comprises two parades of shops that abut one another. Centurion House which fronts onto St John’s Street consists of a parade of seven shops on the ground floor and 4 x apartments on the third floor. The third floor is separately accessed via a lift and stairs from St John’s Street. Due to the design of the building the first floor is predominantly an empty void which provides long term development potential. Mercantile House comprises five shop units, four of which have ancillary first floor accommodation. There is a business centre on part of the first floor which is split up into three office suites.
Offers are invited in excess of £2,700,000, which represents an approximate gross yield of 9.4% on the current passing rent.
Offers are invited in excess of £2,700,000, which represents an approximate gross yield of 9.4% on the current passing rent.
Property Facts
| Price | $3,377,871 | Number of Properties | 3 |
| Price / SF | $111.42 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 30,317 SF |
| Status | Active | Total Land Area | 0.52 AC |
| Price | $3,377,871 |
| Price / SF | $111.42 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 30,317 SF |
| Total Land Area | 0.52 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Mercantile House
1-4 Sir Isaacs Walk, Colchester CO1 1JJ |
Retail | 9,478 SF | 1890 | - |
|
Centurion House
St. Johns St, Colchester CO2 7WS |
Retail | 12,484 SF | 1965 | - |
|
Mercantile House
Sir Isaacs Walk, Colchester CO1 1JJ |
Retail | 8,355 SF | 1700 | - |
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Centurion & Mercantile House
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