Summary - 5, ELD LANE CO1 1LS
1 bed 1 bath Shop
Turnkey income in a busy pedestrian pitch, suited to cash investors.
- Freehold two‑storey retail unit, 1,115 sq ft total
- Let FRI from May 2025 at £18,000 rising to £21,000
- Guide price £180,000–£200,000; strong running yield at low end
- Short 10‑year lease remaining; may impede mortgage lending
- Sold by livestream auction; buyer’s premium and admin fee payable
- EPC D; double glazing installed before 2002, partial insulation
- Located in primary pedestrian shopping area with high footfall
- Local area: very high crime rate and above‑average deprivation
A freehold commercial investment in the heart of Colchester’s primary pedestrian shopping area, this two‑storey Tudor‑styled retail premises currently trades as a café & bar. The property extends to 1,115 sq ft across ground and first floors and is let on a full repairing and insuring lease from May 2025. The current rent of £18,000 pa steps to £21,000 pa in November 2026, offering an immediate income stream and an attractive yield at the lower guide price.
This lot will be sold by livestream auction on 10th December 2025. Buyer costs include an administration fee and a buyer’s premium payable on exchange—check the legal pack for full disbursements. The building has an EPC rating D, mains gas central heating and double glazing installed before 2002; constructed circa 1967–1975 with timber frame elements and partial insulation assumed.
Important investor considerations: the lease term remaining is only ten years from May 2025. That short unexpired term is likely to restrict mortgage finance availability and may deter some purchasers. The local area records very high crime and higher than average area deprivation, which are material factors for operational risk and potential tenant turnover.
For a cash buyer or those comfortable with auction acquisition risk, this property offers a trading unit in a busy retail pitch with established footfall and local amenities. Review the legal pack thoroughly, allow for buyer premiums and administration fees, and factor potential security and letting risks when calculating returns.
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