Summary - 45-47, HIGH STREET CO1 1DH
1 bed 1 bath Retail Property (high street)
Prime town‑centre retail income with upper‑floor conversion potential, sold at auction.
- Freehold high‑street retail investment, prominently positioned on Colchester High Street
- Entirely let to Robert Dyas Holdings Ltd, tenant for 25+ years
- Current rent £60,000 per annum (income visible)
- Grade II Listed — alterations restricted; specialist consent required
- May suit medium‑term residential conversion of upper parts, subject to consents
- Auction sale 30 October 2025; 10‑week completion available
- VAT is payable on the sale
- Local area: high crime and relatively deprived — factor market risk
A rare freehold retail investment on Colchester High Street, entirely let to Robert Dyas Holdings Ltd with the tenant in occupation for over 25 years. The property delivers an established town-centre presence, prominent pedestrian frontage and national multiple neighbours that drive consistent footfall. VAT is applicable to the sale.
The upper floors offer medium‑term potential for residential conversion subject to planning and Listed Building consents, providing an opportunity to add value if consents are granted. The building is Grade II Listed, so any alterations will require specialist input and may increase cost and timescale.
Income is secure under the current tenancy with a headline rent of £60,000 per annum and a removed tenant break, making this appealing to income-focused investors seeking immediate cashflow. The lot will be sold at auction on 30 October 2025 with a 10‑week completion period.
Buyers should factor in the material negatives: the property sits in an area with high crime and relative deprivation, the Listed status will complicate refurbishment, VAT applies, and the asset is exposed to changing town‑centre retail dynamics. Suitable for investors comfortable with retail risk and heritage constraints, or buyers who can secure consents for upper‑floor conversion.
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