Shop for sale
1 Ballantyne Drive, CO2
- SIZE AVAILABLE
6,588 sq ft
612 sq m
- SECTOR
Shop for sale
Key features
- Self Contained Ground Floor Retail Shop
- Self Contained First Floor with Planning Permission for Residential
- Prominent Position Along the Riverfront
- Full Vacant Possession
Description
The property is situated on the Ballantyne Drive and benefits from a prominent riverfront position directly adjacent to the University Quays. Nearby occupiers including the University of Essex, Tesco Superstore, Home Bargains, and The Hythe railway station.
The property comprises a self-contained ground floor retail shop with concrete floor, walls and ceiling. There are suspended LED lights and WC facilities available. The first floor is also self-contained and has a fully glazed frontage.
Town Planning
The ground floor has Retail Use and is considered suitable for a range of commercial uses subject to planning. Interested parties should make their own investigations with Colchester City Council on . The First Floor has recently received planning to be converted to 5 1 Bedroom Flats (Application Reference 251441). This planning approval does not have landlord/freeholders consent; any residential implementation is subject to landlord/freeholder consent and lease variation.
Asking Price
The 999 year 2 Long Leaseholds are available to purchase at a combined asking price of OIRO £615,000. Both Long leaseholds commenced in January 2020 and are split by ground and first floor, the ground floor has a ground rent of £300 per annum and the first floor a ground rent of £290 per annum.
Brochures
1 Ballantyne Drive, CO2
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hythe Station0.5 miles
- Colchester Town Station1.3 miles
- Wivenhoe Station1.8 miles
Notes
Disclaimer - Property reference WHY250151. 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 Whybrow & Dodds 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.
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