North Hill, Colchester, CO1
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
12
- BATHROOMS
8
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Stunning City Centre Building
- Application Running To Convert Into 13 Room HMO
- Lapsed Planning Permission To Convert Into 5 Residential Apartments
- Secure Car Park To Rear For 14 Cars
- Currently Let As One Office at £50k Per Annum
- Being Sold with Vacant Posession
- Fantastic Investment Opportunity
- Call Now To Arrange Your Private Viewing
Description
A fantastic, rare investment opportunity has arisen to within this beautiful Grade II listed building set on this sought after street in the centre of Colchester's vibrant City Centre, which is currently being used as one large office space however is being offered for sale with permission soon to be granted for conversion into a 12 bedroom, 7 bathroom HMO.
An application has been submitted to Colchester Borough Council for a fairly simple conversion of this historic building to create a superb House Of Multiple Occupancy, with a total of 13 bedrooms, 7 bathrooms, 3 kitchens and a basement level recreational and laundry space with a projected income of £10,500 pcm. Full information on this application can be found on Colchester BC's planning portal using reference number 241368.
The property also benefits from a secure car park to rear with a total of 14 spaces, accessed via Balkerne Passage. This could generate an additional income or increase the monthly income for the individual rooms.
As previously mentioned the property is currently used as one large office and let at £50,000 per annum, with the current tenants vacating in November 2024.
Furthermore the property benefits from lapsed planning consent for the conversion into a total of 5 residential apartments, in our opinion this could easily be granted again if desired. Information on this application can be found Colchester BC's planning portal using reference number 151528.
Enquiries strictly to go strictly via our offices, please contact us if you require further information or if you'd like to arrange your private viewing, which can be accommodated on request.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
North Hill, Colchester, CO1
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About Michaels Property Consultants Ltd, Colchester
Rebow House 62 Head Street Colchester CO1 1PBAt Michaels Property Consultants we pride ourselves in being different. We don't practice as stereotypical estate agents: talking at people and hard selling.
We listen to our clients. Every customer is different, they have their own needs and timescales and we are dedicated to putting these first. With over 30 years combined experience in property, we have developed extensive knowledge of the local area and we are able to give our customers genuine, professional advice at all times, whether they're buying or selling.
We provide advice on what people really want to know, whether it be regarding schools, local amenities or even where to eat. We also offer a private service to investment buyers, assisting them in making the best decisions in building their portfolios.
Michaels understand that a person's home is more than likely to be their biggest financial asset, so we use the highest quality of marketing to ensure that we achieve the best price possible.
We strive to provide people with a customer service beyond their expectations and we are so confident in delivering this that if you are marketing your home with us and not satisfied, we ask for just 14 days written notice at any given time.
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Visit our security centre to find out moreDisclaimer - Property reference 28159141. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Michaels Property Consultants Ltd, Colchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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