Summary - 34 ELD LANE COLCHESTER CO1 1LS
1 bed 1 bath Shop
Small, income-producing freehold shop in a busy pedestrian retail pitch—auction sale for investors..
Busy pedestrianised city-centre retail pitch with strong footfall
Let on 6-year lease from Feb 2023; personal guarantee in place
Annual rent £13,000; upward-only rent review due 2026
Small unit: 436 sq ft retail with first-floor storage
Freehold offered at auction, guide £135,000–£150,000
EPC D; property dated and may need refurbishment
Very high local crime and area deprivation—consider rental risk
Administration fee and buyer’s premium payable on exchange
This compact freehold retail unit sits on a busy pedestrianised thoroughfare in Colchester city centre, currently let as a traditional sweet shop. The property is let on a six-year lease from February 2023 with a personal guarantee, producing an annual rent of £13,000 and an upward-only rent review due in 2026. At 436 sq ft, the layout is small but straightforward: ground-floor retail with first-floor storage.
For an investor seeking an immediate income stream in a prime footfall pitch, the asset offers a simple, hands-off return and the security of a personal guarantee. The sale is by livestream auction (22 October 2025) — fees and formalities apply, so buyers should review the legal pack before bidding.
Buyers should weigh clear negatives alongside the income: the area records very high crime and is classified as deprived, which can affect long-term rental growth and tenant stability. The unit is dated (EPC rating D), built in the late 1970s–early 1980s, and small in footprint, limiting alternative uses without planning changes or refurbishment. An administration fee and buyer’s premium are payable on exchange — check the legal pack for disbursements.
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