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Freehold Retail and Residential Ground Rent Investment, Colchester, CO1

6-7 High Street, 1-4 Bank Passage, and 5A Culver Street West, Colchester, Essex, CO1 1DA

A freehold ground rent investment in Colchester (CO1), freehold. Allsop is selling it at auction on Wednesday 11 November, with a guide of £1,100,000+. The auctioneer's listing says it comes with a tenant in place. The stated rent is £136,400 a year, about 12.4% gross on the guide.

Written by Lotwick from the key facts. For the full particulars, see Allsop's lot page.

From the auctioneer's description:tenantedStated rent £136,400 a year · 12.4% gross on the guide
Guide price
£1.1M+
18days
13hrs
09mins
54secs
Wed 11 NovAdd to calendar
Bid on the auctioneer's site View the legal pack

Status verified with Allsop 1 hour ago

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Location

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Colchester, CO1. Indicative location. Sources

Estimated cost to winPrice, fees and Stamp duty (non-residential)£1,146,500See breakdown
  • Price£1,100,000
  • Buyer's / admin fee£2,000
  • Stamp duty (non-residential) estimate£44,500
  • Legal pack and searches£0
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Allsop's usual buyer's fees (Residential: £2,000 inc VAT (£300 under £10,000); commercial £1,500 + VAT). Check the lot's legal pack. Estimate only. How fees work

Key facts

Type
Freehold Retail and Residential Ground Rent Investment
Bedrooms
Not published
Tenure
Freehold
Council tax band
See legal pack
Auction
Wednesday, 11 November 2026
Lot number
24
Auctioneer
Allsop
Postcode
CO1 1DA

Listed by Allsop · Lot 24 · Checked 23 Oct, 20:23

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Guide + works£1,100,000
Guide £1,100,000Works £0VAT & buffer
Extend: 0 m²Single-storey, £2,200–£3,300 per m²
Loft

Rough 2026 ranges excluding VAT from Checkatrade, Homebuilding & Renovating and Self Build. Value estimates use Nationwide research (10% more space ≈ 5% more value; a loft or extension with a double bedroom and bathroom up to 24%). Not a valuation or a quote: view the property and get builders' quotes before you bid. Extensions and lofts may need planning permission.

Sale history

Year soldSold priceChange
2018£800,000

Recent sales in CO1 1DA

  • 15a High Street · Flat · Aug 2024£127,500
  • 3 High Street · Other · Oct 2022£455,250
  • 5 High Street · Other · Oct 2022£315,000
  • 3a High Street · Other · Nov 2020£125,000
  • 3 High Street · Other · Jan 2020£340,000
  • 3 High Street · Other · Jun 2018£925,000

Contains HM Land Registry data © Crown copyright and database right. Licensed under the Open Government Licence v3.0. England and Wales only.

Around here

Photos taken nearby by Geograph contributors. They show the area, not necessarily this property.

Co-op Bank, Albert Hall Building, High Street, Colchester
Co-op Bank, Albert Hall Building, High Street, Colchester · about 50 m away
© Jo and Steve Turner, CC BY-SA 2.0
The former Essex and Suffolk Fire Office, High Street, CO1
The former Essex and Suffolk Fire Office, High Street, CO1 · about 50 m away
© Mike Quinn, CC BY-SA 2.0
The former Essex and Suffolk Fire Office, High Street, CO1 - Colchester coat of arms
The former Essex and Suffolk Fire Office, High Street, CO1 - Colchester coat of arms · about 50 m away
© Mike Quinn, CC BY-SA 2.0
The former Essex and Suffolk Fire Office, High Street, CO1 - clock
The former Essex and Suffolk Fire Office, High Street, CO1 - clock · about 50 m away
© Mike Quinn, CC BY-SA 2.0

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2-minute explainer: Guide price vs reserve priceRead before you bid