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East Street, Colchester, CO1

£599,000

£1711.43 per sq ft

Business rates & charges may apply

Gilbert and Rose Commercial, Essex Commercial
SIZE AVAILABLE

350 sq ft

33 sq m

SECTOR

Hotel for sale

Description

A fantastic opportunity to own a recently refurbished (approx. 1 year ago) freehold property, currently split into two spacious holiday apartments. Located in the historic town of Colchester, just 0.7 miles from the High Street and 1 mile from the train station, this charming Grade II listed building is perfect for holiday lets, longer term tenants on ASTs or multi-generational living.

KEY FEATURES

Freehold property – No lease restrictions
Grade II listed – Full of character and historic charm
Recently refurbished – Ready to move in or rent out
Great location – Walking distance to the town centre & train station
Established reputation – Good reviews on Booking.com

The property has a flexible layout meaning the apartments can continue to be let out separately, as a whole unit, or split up further.

This is a rare opportunity to acquire a well-maintained property in a prime Colchester location, perfect for an investor or someone looking to operate a thriving hospitality business.

For more details or to arrange a viewing, contact us today! RX535770

Location

The premises is situated in a fantastic trading location along East Street, which is just 1 mile from Colchester Town train station and 0.7 miles from the main Colchester High Street.

Premises

An imposing end of terrace premises with traditional grade 2 listed features throughout the apartments. There is a single entrance door to the front which leads into a entryway area, however, the main door used is to the rear of the property where there is a gated entrance leading into a LARGE COURTYARD area with LODGE OUTBUILDING. The property itself is currently split into 2 apartments which are arranged as follows.

Apartment 1

Single entrance door leading into a hallway with has a staircase leading up to a first floor landing. A door on the left hand side leads into a BATHROOM with bath, toilet and sink. A door directly in front of you from the landing area leads into a large LOUNGE area with 2 L-shaped sofas. A door off the left hand side of this area leads into a large DOUBLE BEDROOM A doorway off the right hand side of the lounge leads into a large DINING ROOM with a further door off the left of this dining room leads into a KITCHEN. A further staircase off the lounge leads upstairs to a loft conversion with two rooms, the room on the left hand side is a TWIN ROOM with 2 single beds, the room on the right hand side is a FAMILY BEDROOM which has a double and a single bed, with a further door off this room leading into an EN SUITE SHOWER ROOM with shower, toilet and wash hand basin.

Apartment 2

Accessed through another single entrance door which leads directly into the LOUNGE with L-shaped sofa and small dining table. A door off the right hand side of this area leads into a LARGE DOUBLE BEDROOM. A door off the left hand side of this area, one leads into a DOUBLE QUEEN BEDROOM with 2 double beds. An opening off the left hand side of the living room leads into a small walk way with 3 doors off, the one on the left leads into a small KITCHEN, the one directly in front leads into a BATHROOM with bath, toilet and wash hand basin and the door on the right hand side leads into a further FAMILY BEDROOM with a double bed and a single bed.

Lodge

In the courtyard at the rear of the property there is a lodge arranged to provide a KITCHEN & LIVING ROOM with a door that leads through to a BEDROOM with twin beds. A door off the bedroom leads into an EN SUITE SHOWER ROOM with toilet, wash hand basin and shower. There is a longer term tenant in place who has been in occupation since October 2024 at a rental of £240 per week (£12,480 per annum).

Staff

The business is operated by the vendors, with the assistance of cleaning staff.

Turnover

Turnover information will be disclosed to seriously interested applicants, with clients permission.

Legal Costs

Each party are to be responsible for their own legal costs incurred in the transaction.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.

East Street, Colchester, CO1

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hythe Station0.5 miles
  • Colchester Town Station0.6 miles
  • Colchester Station1.3 miles

About Gilbert and Rose Commercial, Essex Commercial

1333-1335 London Road, Leigh-On-Sea, SS9 2AD

Gilbert & Rose Business Transfer and Commercial Property Sales and Lettings

Gilbert & Rose is a respected and well-established name in the real estate industry, renowned for our expertise in Residential Sales and Lettings. Building on our success in this area, we have expanded our services to encompass business transfer and commercial property sales and lettings. As part of this strategic expansion, we have recently partnered with Bradleys Countrywide Limited, a highly regarded company with over sixty years of experience in commercial business transfer within Essex, Hertfordshire, and Suffolk.

By combining our strengths and leveraging the extensive knowledge and database of our merger partner, we possess unparalleled access to comparable evidence. This enables us to provide accurate valuations and deliver successful business sales for our clients. Our marketing approach is comprehensive and innovative, utilizing a range of powerful tools such as video marketing, professional photography (including drone shots), and virtual tours. We conduct extensive marketing and advertising campaigns, leveraging the reach of the largest business and residential property websites, alongside our own constantly updated platform. We understand the importance of maintaining confidentiality in certain cases, and we offer tailored advertising solutions to meet the specific requirements of our clients.

At Gilbert & Rose, transparency is at the heart of everything we do. Our fees are competitive and transparent, with no hidden charges, and payment is only required upon the successful completion of a transaction. We take pride in providing expert advice and guidance to our clients, whether they are ready to sell or simply seeking information. Our dedicated team is committed to exploring the best options available to suit your individual needs, ensuring that you can make well-informed decisions throughout the process.

Whether you are looking to buy, sell, or lease a property, we invite you to contact us for any further information you may require. At Gilbert & Rose, our commitment to delivering exceptional service is unwavering. We are here to assist you every step of the way on your real estate journey. Get in touch with us today and let us help you achieve your goals with confidence and success.

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Disclaimer - Property reference RX535770. 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 Gilbert and Rose Commercial, Essex Commercial. 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.

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