A COLCHESTER property which is home to two major businesses and flats has hit the market… and it could be yours for nearly £5million.

Rightmove has listed the 35/37 High Street and 7/7A Trinity Square building in Colchester.

The property is for sale with “offers in excess of £4,700,000".

The listing is down as an “11,100 square foot sector, seven-bedroom mixed-use property”.

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A total of 9,013sqft is down as commercial with 2,097sqft residential.

The property comprises of the McDonald’s restaurant, as well as Claire’s accessories shop on the opposite side of the High Street.

The 35/37 High Street has McDonald's over the ground, first, second floor and basement, with various seating, kitchen and storage areas.

Gazette: The building from the rear, which features the Claire's retail shop and flatsThe building from the rear, which features the Claire's retail shop and flats (Image: Google Maps)

At 7/7A Trinity Square there is Claire’s Accessories on the ground floor as well as four flats across the first and second floor, three two-bedroom flats and one one-bedroom one.

McDonald's has occupied the site since 1985 while Clarie's has been there since 2009. 

The property has a rental income of £230,420 per annum. 

The site is opposite the Colchester Town Hall and adjacent to what was the M&S Foodhall on one side and Tesco Express on the other.

Tesco Express opened at the site in July last year replacing Mountain Warehouse which moved to Stane Park. 

For the full listing, visit bit.ly/3MI5A9q.