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Lot 46
34 High Street, Brightlingsea, Colchester, Essex CO7 0AQ

  • Photo1

* Reserve below

£30,000

(Gross Yield 16%)
6 Week completion

SITUATION

Located on the corner of Tower Street and the High Street in the heart of the town centre, with nearby multiples such as Tesco Express, Lloyds Bank, Boots Pharmacy as well as a variety of local traders.
Brightlingsea is an attractive coastal town located approximately 10 miles south of Colchester, 25 miles from Ipswich and 70 miles north-east of London.

PROPERTY

An end of terrace building comprising a Ground Floor Shop.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 16'1"
Internal Width 15'4"
Shop Depth 14'1"
WC

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The property is let on a Law Society lease to Ms S Graham as a Gift Shop for a term of 2 years from 1st March 2017 (in occupation since 2015) at a current rent of £4,800 per annum exclusive.

Tenant's Break March 2018

Note

The first floor is owned as a separate flying freehold and is not included with this sale.

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.