69/70 Church Street, Harwich, Essex CO12 3DR

Description

A substantial commercial premises with conversion potential (STPP) An early 1970s built retail premises of traditional brick cavity construction and situated in historic 'Old Harwich' . The property offers a large retail area and ancillary space on the ground floor with a Gross External Floor Area (GEFA) of around 2,360 sq ft (STMS) with two staircases leading to the first floor previously utilised as open plan storage and with a GEFA of around 1,625 sq ft. (STMS) Having previously been utilised for the sale of cycles, motorcycles and latterly domestic appliances it is considered to be suited to a variety of trades and may offer potential for conversion to provide alternative use (STPP).

Location

69/70 Church Street, Harwich, Essex CO12 3DR. Located in the CO12 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Commercial / Mixed-Use Investment. Set the maximum bid only after reviewing condition, legal pack, finance, rents and sold evidence.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, decoration and any structural, roofing, damp, kitchen, bathroom, external or development works identified.

Rental & Market Context

HB rental/value figures are indicative appraisal estimates and should be checked against current local letting and sold evidence.

Sold within approximately 5 miles

Check recent Land Registry transactions and closely matched local comparables for property type, size, tenure and condition.

Potential BRRR Position

Refinance potential depends on the completed condition, lender valuation, tenure and rental stress testing; development/commercial assets require specialist lender criteria.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the full legal pack and special conditions

• Verify tenure, occupancy, planning and title restrictions

• Inspect condition and obtain contractor quotations

• Confirm finance and insurance availability

• Verify rents and recent sold comparables

• Allow for buyer premium, administration charges and disbursements

Recommendation

Proceed only where verified total project cost supports the intended commercial / mixed-use investment strategy with adequate contingency.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆