Summary - 1-5, VINE PARADE CO7 9HA
1 bed 1 bath Commercial Property
Freehold mixed-use block with retail, three flats, garages and parking — income and uplift potential.
Total net income £62,660 per annum
A well-located mixed-use freehold on Vine Parade offering immediate income and clear upside for an investor. The ground floor provides substantial retail space with a fully glazed frontage, air conditioning, chiller rooms and back-of-house storage. Above are three self-contained flats, each with gas central heating and double-glazed windows, producing a verified net income of £62,660 pa.
Practical outdoor assets include a rear hardstanding for shared parking, a block of garages, and small first-floor amenity areas above the shop. Vehicular access from Colchester Road and on-street/front shared parking support the retail and resident use. Communications are strong and the property sits in a generally affluent area with nearby shops, station and schools.
Key positives: secure income stream, mixed-use diversification, sizeable footprint (4,186 sqft), and no flooding risk. Material considerations: the building dates from the mid-20th century and will benefit from targeted refurbishment to maximise rents; garages have fibre cement roofs which may require inspection or renewal; the immediate area records above-average crime, which may affect tenant demand and insurance costs.
This property suits a buy-and-hold investor or someone seeking light asset management: updating shop fit-out and modernising the flats could materially increase rental value. The freehold title, multiple income streams, parking and excellent transport links combine to make this a straightforward investment with defined improvement opportunities.
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