Residential Development for sale

Mile End Road, Colchester, Essex, CO4

£450,000

Property Description

Key features

  • Planning Permission Granted
  • 5 Student Apartments & 2 Flats
  • Freehold 450,000
  • Development Opportunity
  • Site Area 0.106 Acres
  • 0.3 Miles From Colchester Station

Full description

Tenure: Freehold

LOCATION:
Colchester is a historic town and the largest settlement within the borough of Colchester in Essex. At 2011 census, it had a population of 121,859, with considerable development since 2001 and ongoing building plans; it has been named as one of Britain's fastest growing towns. Colchester is claimed to be the oldest town in Britain and it was for a time the capital of Roman Britain. Colchester is 51.2 miles northeast of London and is connected to the capital by the A12 and the Great Eastern Main Line. It is seen as a popular town for commuters, and is less than 30 miles from Stansted Airport.

DESCRIPTION:
Planning permission was granted on the 11th July 2017 (Application No: 171307) to demolish 37 Mile End Road and to erect a two storey building comprising of 5 student apartments with a first floor link to the adjacent property comprising 1 x 1 bedroom flat and 1 x 2 bedroom flat. Each of the new studios benefit from an en-suite and access to a communal Kitchen/Lounge area to the ground floor and a roof terrace on the first floor. Interested parties are advised to contact Dedman Gray Property Consultants Ltd on 01702 311111.


Accommodation 
All areas are approximate and have been measured using ProMap online software: Total Site Area: 0.106 Acres 39a and 39b were uninspected.

Terms 
Our client is seeking £450,000 for the Freehold interest. All other terms and conditions by negotiation.

Planning 
Planning Permission was granted on 11th July 2017 Application No: 171307. Full details of the application and decision notice can be obtained via Dedman Gray or Colchester Council's Website. Interested parties are recommended to make their own enquiries with the local Planning Authority to ensure that any proposed use is in accordance with the current planning policy.

Business Rates 
37 Mile End Road is entered on the 2010 rating list as Shop and Premises with a current rateable value of £4,250. Interested parties are advised to seek verification from Colchester Council's Business Rates department.

Services 
Although we are advised that the unit benefits from main services, we would recommend that all interested parties check with the relevant statutory authorities as to the existence, adequacy or otherwise of these.

Viewing 
By prior appointment with Dedman Gray Commercial on 01702 311111.

More information from this agent

Nearest stations

  • Colchester (0.2 mi)
  • Colchester Town (1.2 mi)
  • Hythe (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Dedman Gray, Essex

103 The Broadway, Thorpe Bay, Essex, SS1 3HQ

01702 744063 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Colchester (0.2 mi)
  • Colchester Town (1.2 mi)
  • Hythe (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Dedman Gray, Essex

103 The Broadway, Thorpe Bay, Essex, SS1 3HQ

01702 744063 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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