+44 204 516 5116

Café, Colchester

Century House North, Unit 5, Station Road, Colchester CO1 1RE

Basic Facts
Property
Features

Basic Facts

Property ID: 17769	Post Updated: 2023-12-04 09:10:06
Status: Under Offer	Type: Retail - other
Tenure: Virtual Freehold	Area: 1615 sq ft
Gross Rent: £ 25,000	Gross Yield %: 10
Lease Term: 25 yrs from November 2023	Lease Term Expiry Date: 11/11/48
Years left on Lease: 24.5	VAT applicable: Yes

Property Description

Virtual Freehold Café Investment
Comprising a 1,615 sq ft ground floor shop

Location Description

Colchester is a historic town situated adjacent to the A12, midway between Chelmsford and Ipswich and approx 60 miles north-east of Central London.
The town benefits from good road communications, being at the junction of the A12, A120 and A133.
Colchester Rail Station is some 800m from the property and provides regular rail services to London Liverpool Street (Journey time approx. 55 mins).
The property is situated in an established parade in a predominantly residential area just north of the town centre. It is on the east side of North Station Road, close to its junction with Causton Road
Occupiers close by include: One Stop Shop, Machine Mart, Coral, Pizza Hut and numerous local businesses

Tenancy & Additional Notes

Let to 8 Ball Caf Ltd for a term of 25 years from 12/05/2023 on an effectively FR&I lease for £25,000 p.a.
Option to renew for a further 10 yrs on expiry
Rent review is 1% -4% cap & collar, RPI linked
Lease benefits from a personal guarantor

Features

Attractive property

Under £500k

Virtual Freehold

Guide Price:

£ 250,000

Or Call Now +44 204 516 5116

Property Brochure

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Recent Articles

Next Events

Meet us at UKREiiF! The UK’s Real Estate Investment & Infrastructure Forum 21st – 23rd May 2024

Prideview Group is attending UKREiiF – The UK’s Real Estate Investment & Infrastructure

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Prideview Sponsors first APC Training Social & Networking Event of the Summer

Prideview are proud to be sponsoring the first APC Social & Networking event! APC have been established since 2000 as

Prideview to host AJBN Boardroom Breakfast Event

Following our recent membership to the Asian-Jewish Business Network, we are excited to announce we will be hosting members for the

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Get in Touch

Prideview Group has been at the forefront of commercial property investment services since 1985. For more than 35 years, we’ve been the premier choice for clients seeking expertise on the Acquisition, Management and Sale of quality commercial

Prideview Group has been at the forefront of commercial property investment services since 1985.

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✨ NEW TEAM MEMBER ✨ Please join us in giving

✨ NEW TEAM MEMBER ✨

Please join us in giving a warm welcome to Joe Harris, who has joined the Prideview team this week.

Joe will be responsible for UK commercial investment sales, asset management and negotiations, as well as identifying off-market opportunities.

He brings with him over two and half years’ experience in commercial agency and investment sales, having previously worked at Stirling Ackroyd Group.

When he’s not making deals, Joe can be found watching or playing sport, often being found on the golf course most weekends.

We’re thrilled to have Joe part of our growing team and look forward to supporting his career development at Prideview.

👋 Meet us at UKREiiF! Our team members, Prites

👋 Meet us at UKREiiF!

Our team members, Pritesh Patel and Vishal Patel are heading to the UK’s biggest Real Estate and Infrastructure conference next month from 21st - 23rd May.

We’re looking forward to meeting many connections out there and making some new ones too. In particular, we’re keen to chat to Investors, Developers, Occupiers and Agents who are keen to learn more about our services.

Please email pritesh@prideviewgroup.com or vishal@prideviewgroup.com to arrange any catch ups.

See you there!

#UKREiiF #Conference #Networking #Leeds

*Virtual Freehold Tesco Investment* 246 Powder Mil

*Virtual Freehold Tesco Investment*
246 Powder Mill Lane, Twickenham, TW2 6EJ
*OIEO: £2,300,000 (5.5% gross)*

- Newly-built supermarket investment
- Ground-floor retail unit of 4,157 sq ft
- Let to Tesco Stores Limited, 15-year lease, CPI-linked reviews from 12/01/24
- 5 allocated parking spaces
- Located in an affluent suburb of London, part of Richmond Upon Thames
- Google maps : https://lnkd.in/e-eF473V
- Freehold including 8 flats can be acquired separately

We are retained for this sale.

Please contact @priteshcpatel on 02045165124 for further details.

#prideviewgroup
#commercialinvestment
#tesco
#twickenham

And that’s a wrap! 🙌 As the dust settles o

And that’s a wrap! 🙌

As the dust settles on another #MIPIM, we’re feeling energised about the conference and future collaboration.

There really is nothing more powerful than connecting in person. The conversations had, over great food, drink and sunny settings, really added to the value of discussion and potential opportunities.

What stood out were the many first-timers at MIPIM embracing the experience and hungry to do business. After a global pandemic and challenging economic times, it’s great to see sentiment returning, and that can only be a good thing!

Thanks to Savills, Harold Benjamin, The Harkalm Group, Spector Constant & Williams, Fortune Green Capital Ltd, Bircroft, United Trust Bank Limited, Fladgate LLP and many more for your hospitality. It was fantastic to catch up with connections, old and new, and we’re looking forward to following up in the UK.

See you again next year?!

#YesweCannes

📅 ONE WEEK TO GO! The countdown begins to MIP

📅 ONE WEEK TO GO!

The countdown begins to MIPIM, Real Estate’s biggest global networking event from 12-15th March in Cannes.

Our team members Nilesh Raj Patel, Pritesh Patel, Jesal Raj Patel and Vishal Patel, are getting ready for a busy few days of networking and collaborating.

We’re looking forward to meeting our connections, partners, clients and lots of new faces too.

There’s a still few spots left to book a meeting with our team, so please email katherine@prideviewgroup.com to secure this.

See you there.

#YesWeCannes #MIPIM #MIPIM2024

🔨 In Auction with Allsop LLP 📅 Thursday, 21s

🔨 In Auction with Allsop LLP
📅 Thursday, 21st March 2024

We are delighted to bring to the market a portfolio of 8 veterinary practice investments in the south of England.

Key Features:
- All let to Independent Vetcare Limited on individual leases and all expiring on 2033, no breaks
- 2023 rent review’s are outstanding for all practices

Lots can be purchased individually or as a portfolio sale.

The benefits of buying in auction:
⏰ Quick and guaranteed timeframes
🔨 No ‘gazumping’ once the hammer goes down
💰 Potential to grab a real bargain

Please email @the_hoff10 on mark@prideviewgroup.com for further details.

#prideviewgroup
#portfoliosale
#vetspracticeinvestments
#allsopauction
#registertobid

🏏SAVE THE DATE!🏏 The #PrideviewCricket Cup

🏏SAVE THE DATE!🏏

The #PrideviewCricket Cup is back for our 12th year running!

📅 We’ll be returning to Merchant Taylor’s School on 11th July 2024.

Are you ready for another eventful and fun day?!

A whopping £35,000 was raised at our #PrideviewCricket Cup 2023, and this year we want to raise even more funds to distribute to our charity partners, One Kind Act and LandAid.

Of course, none of this is possible without the support of our sponsors and all those who attend on the day as spectators, really making it a memorable and successful day.

If you’d like to get involved in a Team, secure a VIP Table, feature in our Brochure Adverts or even become a Headline Sponsor, please get in touch via the link in our bio.

We can’t wait to have our network and community be a big part of #PrideviewCricket Cup 2024.

See you there!

#YesWeCannes! We’re excited to share that membe

#YesWeCannes!

We’re excited to share that members of the Prideview team are heading to MIPIM next month, from 12th - 15th March.

We’re looking forward to catching up with connections and making many new ones too, all while discussing deals, our services and much more.

If you’d like to arrange a meeting with Vishal, Jesal and Pritesh, please email katherine@prideviewgroup.com.

See you there!

Prideview Group

#mipim2024

✨ Prideview Team Away Day ✨ Yesterday we bro

✨ Prideview Team Away Day ✨

Yesterday we brought together our core team and many of our external partners for a day of activities, teamwork and plenty of fun too.

A day to reflect on 2023, plan for the year ahead, all while making connections, outside of the office setting.

In addition to our usual deals focus this year, we’re looking forward to expanding on our planning and architecture services with our JV partner, Cordage Group, as well as continuing to grow our Insurance arm with our partner, Bircroft.

The day also included a fascinating session with our HR consultant, Parmilla Minhas about neurodiversity and how to get the best out of everyone’s potential – thank you for sharing your insights.

Not forgetting a healthy bit of competition during a game of Puttshack... well done Pritesh Patel for a great win!

Thanks to everyone who joined us and here’s to a year of collaboration 🤝.

Find out more about life at Prideview and the latest opportunities on our website (link in bio).

**Zone 2 London, Tesco Investment For Sale** INVE

**Zone 2 London, Tesco Investment For Sale**

INVESTMENT SUMMARY

- A well-located virtual freehold Supermarket Investment
- Retail unit of c.3,800 sq ft arranged over 2 floors
- Let to Tesco Stores Limited on a regeared 30-year lease from April 2009 (15.3 years unexpired) Rent of £120,000 p.a.
- 5 yearly CPI-linked rent reviews compounded annually (1% - 3% pa), next review in April 2029
- Potential to re-develop in the future (subject to necessary consent)
- Situated on Uxbridge Road in Shepherds Bush a short distance from Westfield Shopping Centre
- A few minutes walk from Shepherds Bush Market underground station

Price: OIEO £2.2m (5.13% Net Yield)

Please note we are retained to sell this investment.

If you have any further questions, please contact @priyeshspatel on priyesh@prideviewgroup.com.

#prideviewgroup
#commercialproperty
#londonrealestate
#tesco
#conveniencestore
#bluechip

📢 2023 Deals Summary 📢 Now that we’ve set

📢 2023 Deals Summary 📢

Now that we’ve settled into the New Year, we’re taking a look back at our 2023 deals and what we can expect over the next 12 months.

In short, 2023 was a challenging year, both from economic and geopolitical perspectives. Investor confidence was at an all-time low, impacting deals and thereby delaying purchases.

The silver lining? Some sectors did well, namely Retail, which made up 42% of our deals last year.

And some regions did better than others. We saw an increase in deals happening in Greater London, with investors opting for this region over the more poplar South East.

Looking ahead, we anticipate investor confidence to increase. Some financial experts are predicting that interest rates are set to fall in 2024, possibly to 3% by the end of the year.

The Retail sector remains buoyant, while demand for Offices is expected to increase.

However, a General Election could impact investor sentiment later this year and raise some questions about potential tax changes.

Clearly, lot’s in store for ‘24!

Read our full 2023 Deals summary and predictions for the year ahead on our website (linked in our stories too).

As always, please get in touch with us if you’d like to discuss any investment opportunities.

New year, new opportunities? And perhaps some chal

New year, new opportunities? And perhaps some challenges too...

Great to have our Investments Director, Mark Hoffman FRICS, share his thoughts with BE News on our predictions on the market for 2024.

With falling interest rates, we feel there is every reason to be confident about investing in commercial property this year.

Of course, the prospect of a General Election later this year, could throw a spanner in the works.

Want to discuss your requirements in any of the sectors mentioned above? Please contact your Prideview agent or use the contact form below to start a conversation.

Read more in the article linked in our stories, alongside dozens of other comments from industry heavyweights.

🎄From all of us at Prideview Group, we wish you

🎄From all of us at Prideview Group, we wish you a Merry Christmas and a Happy New Year🎄.

However you celebrate, we hope you take some time to rest and recuperate over the festive season.

Our team will be taking some time off too, with our offices closed from COB 22nd Dec until 2nd Jan, when we will reopen.

Thank you to all our clients, investors, partners, friends and beyond for a wonderful and collaborative 2023! We look forward to working with you next year.

🙌 2023 - that's a wrap! 🙌 Ahead of sharing

🙌 2023 - that's a wrap! 🙌

Ahead of sharing our usual full deal summary in the New Year, today we're sharing some of our other 2023 highlights - from entering into a JV with Cordage Group, raising £35,000 in this year's hashtag#PridevewCricket event, to becoming a member of the Asian-Jewish Business Network and a Foundation Partner to LandAid - this year has been about collaboration 🤝.

We're proud of what we've achieved and would like to thank everyone who has been a part of this year's successes.

Here's hoping for a fantastic 2024!

Check out our highlights reel for all the key milestones.

Good news Friday 🙌 We're ending the week on a

Good news Friday 🙌

We're ending the week on a high, as our very own Nilesh Raj Patel, Principal at the Prideview Group, was highly commended at this year's @landaidcharity Awards.

Nominated for Fundraiser of the Year, Nilesh has been instrumental in ensuring our #PrideviewCricket Cup is not only an enjoyable day, but that it raises a huge amount of funds for charities in the UK and abroad.

The 2023 #PridevewCricket event saw a whopping £35,000 raised, of which £10,000 was donated to LandAid. Off the back of this, Prideview became a Foundation Partner to LandAid, signalling our commitment to get more involved with events in the future, as well as continuing to work with LandAid's other partners to help end youth homeslessness.

Nilesh's commendation wasn't just for the donation, but also for raising awareness about LandAid to new audiences, who haven't previously been associated with the charity.

Of course, our annual cricket event wouldn't be possible without the rest of the Prideview team, all our sponsors and supporters who continue to show up year after year and dig deep to support our chosen charities.

Well done to Nilesh and everyone else who was highly commended and awarded as winners last night. It's a huge privilege to be in a position to support an array of charities making a difference to numerous young lives.

Thanks to LandAid for hosting an impactful evening - the hard work continues!

If you'd like to find out more about LandAid and our 2024 cricket event, please email events@prideviewgroup.com.

Wishing all our clients, partners, family, friends

Wishing all our clients, partners, family, friends and beyond a very Happy Diwali and prosperous New Year!

May this festive season bring you good health, wealth, happiness and ultimately, light over darkness 🪔🙏🏽.

Did someone say cricket...?!🏏 Thanks to those

Did someone say cricket...?!🏏

Thanks to those who joined us yesterday for an afternoon of watching cricket, biryani and informal networking - with both old and new connections.

With India playing Sri Lanka, it was a great match and even better to see the camaraderie in the room 💯.

We hope to see you again soon!

Missed out this time? Be sure to sign up to our Events mailing list to receive details about our future events and gatherings - link in stories and bio.

📢 New JV Announcement! 📢 The cat's out the

📢 New JV Announcement! 📢

The cat's out the bag..! We're thrilled to announce our new Joint Venture with Cordage Group, bringing you Prideview Cordage, to offer a range of services within planning and architecture in the London area.

With our expertise in property acquisitions and disposals, it made perfect sense to branch into asset management and planning services. The Prideview Group now cover every stage of the property development lifecycle, combining Cordage’s planning expertise with Prideview’s tried and tested transactional abilities.

Prideview Cordage is Cordage Group’s regional office covering London and the M25, headed up by Juan Fernando Galué who brings with him a wealth of experience in architecture and planning.

The business has a pipeline of sites across London which are being planned and developed for sale, owned by several major Housing Associations, Pub and Supermarket chains, meaning Prideview’s private investors can rest assured that a strong supply of off-market investment opportunities is available to them first.

To find out more about these opportunities and the new JV, please email juan@plcarchitects.com and read the full announcement in our press release linked in our bio and stories.

Thank you to the Asian-Jewish Business Network for

Thank you to the Asian-Jewish Business Network for hosting their annual exhibition earlier this week, which was a resounding success.

As first time exhibitors, it was great for the Prideview Group to be immersed among businesses passionate to collaborate and connect. We showcased our services in CRE, as well as introduced our new architectural and planning arm, which we recently announced.

A great day, catching up with many existing connections and making new ones too.

We look forward to following up with many of you in the coming days and weeks.

Thanks to Russell Bahar and Bianca Weber for their tireless work behind the scenes in pulling this together.

Thanks to Roshni Thakrar for inviting our very own

Thanks to Roshni Thakrar for inviting our very own, Vishal Patel, Principal at the Prideview Group on her podcast, Prim Rose Light.

In this episode, they delve into Vishal's entrepreneurial journey and career in real estate - from working with his father and uncle in his late teens to now owning and growing his own portfolio.

Vishal shares insights into how the real estate sector has transformed over the years, the highs and the lows. He adds that when you're dealing with high amounts of money and emotions, integrity is the most important quality to have.

As an Ambassador for YUVA Unstoppable and being a part of Prideview's Cricket events, supporting One Kind Act, charity and giving back are hugely important to Vishal.

But underpinning his career and his drive is Vishal's faith and spirituality, recognising the importance of this in ones life and how it can support you in the workplace.

Ultimately Vishal's aim is to instill moral values to his children and to be present for all those important moments and milestones.

Grab and cuppa and have a listen! We hope you enjoy this podcast - Linked in our stories and bio.

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