107 High Street, Colchester, Essex, CO1 1TH
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- Freehold
- Strictly by appointment with the Auctioneers
Description
RE-DEVELOPMENT/INVESTMENT: A FREEHOLD BUILDING IN THE HEART OF THE CITY CENTRE PART LET AND CONSIDERED TO HAVE RE-DEVELOPMENT POTENTIAL
A freehold building comprising of a newsagent/off licence (which is currently let), another commercial unit (which has been sold on a 999 year lease) and vacant parts to the rear and upper floors. The property benefits from planning permission to part demolish the rear extension (roof) and the erection of two additional storeys and the conversion of the upper floors to create 16 apartments. It is considered that the vacant parts could be developed to suit a variety of uses subject to obtaining the necessary consents.
It is considered that as well as the approved plans the property may offer alternative ways to re-develop for residential or commercial use subject to obtaining all relevant permissions.
We are advised the ground floor newsagent/off licence is currently producing an income of £20,000 per annum.
The property freehold interest is sold with the benefit of the below registered leases
107 High Street-ground floor shop -15 years from 18th August 2023.
3 Museum Street- sold on a long lease of 999 years from 2005.
For information relating to the approved planning please visit the Colchester City Council planning portal using Ref. 231077).
For other planning enquiries please contact them on .
We are advised that the property is suspected to have suffered from structural movement. Interested parties are advised to carry out their own investigations into the structural condition of the property.
107 High Street, Colchester - C
107a High Street, Colchester -G
The property benefits from planning permission to part demolish the rear extension (roof) and the erection of two additional storeys and the conversion of the upper floors to create 16 apartments (Ref. 231077). The proposed development will have a gross floor area of 10,485 sq.ft (974 sq.mt).
Vacant Parts accessed from Maidenburgh Street
Ground Floor 2,594 sq.ft.
First Floor 3,747 sq.ft
Second Floor 2,329 sq.ft
TOTAL 8,670 sq.ft.
Brochures
Legal DocumentsEnergy Performance Certificates
EPC 1EPC 2107 High Street, Colchester, Essex, CO1 1TH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Colchester Town Station0.3 miles
- Colchester Station0.8 miles
- Hythe Station1.1 miles
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Dedman Gray Auctions, Essex on 01702 311010.
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