17-19 Eld Ln 2,063 SF Retail Building Colchester CO1 1LS $614,511 CAD ($297.87 CAD/SF) 11.37% Cap Rate

The property is located on the southern edge of Colchester City centre, within a popular pedestrianised area facing the Lion Walk Shopping Centre. The property comprises three adjoining retail buildings on ground and one/two upper floors of brick construction beneath pitched, tiled roofs with dormer windows on part and a rendered end elevation to part. Two shops are occupied with one vacant and in need of refurbishment. The shops benefit from part glazed shop fronts, one with security shutters and comprise of a mix of main retail area, storage rooms, kitchen and wcs. No. 19 also comprises external storage accessed via the side of the property.
17 Eld Lane - Let to Professor Phone Ltd. for a term of 15 years from 29th June 2021 at £15,000 pax subject to five yearly rent reviews and tenant only breaks, being 29th June 2026.
18 Eld Lane – Let to Osbornes Jewellers Repair & Design Ltd. for a term of 20 years from 05 December 2014 at £12,500 pax subject to five yearly rent reviews and mutual breaks, being 05th December 2029.
19 Eld Lane – Vacant
The current rental income is £27,500 per annum exclusive of rates, VAT and all other outgoings.