FOR SALE
27/10/22
216
I6639E / Rightbiz
A FREEHOLD MULTI-OCCUPIED COMMERCIAL PROPERTY located on a VERY BUSY STREET within the CITY CENTRE that has HIGH VOLUMES OF PASSING FOOTFALL and is CLOSE TO THE HIGH STREET - COLCHESTER. Trading from a GRADE II LISTED 2-STOREY TERRACED PROPERTY, the business was ESTABLISHED IN 2011 by our client who currently yields a RENTAL INCOME IN EXCESS OF £50,000 PER ANNUM. We understand the property previously had RESIDENTIAL USE along with being FORMERLY OPERATED AS A BED & BREAKFAST.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.